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In 2001, goodwill amortization in the US was eliminated in favor of an impairment-only approach, which, according to critics, gives managers vast discretion and opportunities for earnings management. Prior research suggests that discretionary asset write-offs are associated with economic factors and managers’ financial reporting objectives. Based on a systematic literature review, this study investigates for a comprehensive sample of US firms the determinants of goodwill write-off behavior. Regression analysis shows that write-off behavior is significantly explained by firms’ economic properties. Only in large, high-profile firms, incentives appear to be significant determinants. These findings suggest that the impairment-only approach does capture goodwill impairment at least to some extent.
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Keywords
- Accounting
- Accounting: study & revision guides
- Accountiung
- Bilanzpolitik
- Budgeting & financial management
- Business & management
- Economics, finance, business & management
- Empirical
- Finance & accounting
- Firmenwert
- Generally Accepted Accounting Principles
- Geschäftswert
- Goodwill
- Goodwill (Commerce)
- Impairment
- Investigation
- Management & management techniques
- Management of specific areas
- Offs
- Sellhorn
- SFAS
- under
- US-GAAP
- USA
- Wertberichtigung
- Write
- Write-offs
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DOI: 10.3726/b14014Editions