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Goodwill impairment : an empirical investigation of write-offs under SFAS 142 ; mit deutscher Zusammenfassung / / Thorsten Sellhorn
| Goodwill impairment : an empirical investigation of write-offs under SFAS 142 ; mit deutscher Zusammenfassung / / Thorsten Sellhorn |
| Autore | Sellhorn Thorsten |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Bern, : Peter Lang International Academic Publishing Group, 2018 |
| Descrizione fisica | 1 online resource (XXVII, 323 pages) : illustrations, charts; digital, PDF file(s) |
| Collana | Bochumer Beiträge zur Unternehmungsführung und Unternehmensforschung |
| Soggetto topico |
Goodwill (Commerce) - United States
Write-offs Accounting - United States |
| Soggetto non controllato |
Bilanzpolitik
Empirical Firmenwert Generally Accepted Accounting Principles Geschäftswert Goodwill Impairment Investigation Offs Sellhorn SFAS under USA US-GAAP Wertberichtigung Write |
| ISBN | 3-631-75498-1 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- List of abbreviations -- List of symbols -- List of figures -- List of tables -- 1 Introduction -- 1.1 Problem -- 1.2 Research question and contribution -- 1.3 Outline -- 2 The goodwill debate -- 2.1 Chapter overview -- 2.2 The concept of goodwill -- 2.3 Main issues -- 2.3.1 Pooling and purchase methods illustrated -- 2.3.2 Arguments raised in the discussion -- 2.3.2.1 Conceptual issues -- 2.3.2.2 Status quo of accounting rules -- 2.3.2.2.1 United States -- 2.3.2.2.2 International Accounting Standards -- 2.3.2.2.3 Germany -- 2.3.2.3 Practical issues -- 2.3.3 Theoretical analysis of arguments raised -- 2.4 Empirical evidence relevant to the goodwill debate -- 2.4.1 Overview -- 2.4.2 Research questions -- 2.4.3 Direct evidence -- 2.4.3.1 Survey evidence -- 2.4.3.2 Determinants of goodwill write-offs -- 2.4.3.3 Determinants of other goodwill-related financial reporting decisions -- 2.4.3.3.1 Influence of goodwill accounting rules on acquisition premiums -- 2.4.3.3.2 Determinants of purchase price allocation decisions -- 2.4.3.3.3 Determinants of amortization parameters -- 2.4.3.4 Determinants of the purchase/pooling choice -- 2.4.3.4.1 Factors influencing the purchase/pooling choice -- 2.4.3.4.2 Managers' willingness to "purchase" the pooling method -- 2.4.3.5 Managers' lobbying for goodwill-related accounting rules -- 2.4.4 Indirect evidence -- 2.4.4.1 Experimental evidence -- 2.4.4.2 Information content of goodwill write-offs -- 2.4.4.3 Value relevance of goodwill book value and amortization -- 2.4.4.3.1 Balance sheet approach -- 2.4.4.3.2 Combined balance sheet and income statement approaches -- 2.4.4.3.3 Income statement approach -- 2.4.4.3.4 International comparison studies -- 2.4.4.4 Market reactions to the purchase/pooling decision -- 2.4.4.5 Market reactions to mandated changes in accounting rules for business combinations.
2.5 Summary and implications -- 3 Empirical research on discretionary asset write-offs -- 3.1 Chapter overview -- 3.2 Discretionary asset write-offs as a subject of accounting research -- 3.3 Determinants of write-off behavior -- 3.3.1 Earnings management as an explanatory factor -- 3.3.1.1 Earnings management defined -- 3.3.1.2 Overview of the earnings management literature -- 3.3.1.3 Discretionary asset write-offs and earnings management -- 3.3.2 Theory, hypotheses, and main findings -- 3.3.2.1 Overview -- 3.3.2.2 Economic factors -- 3.3.2.3 Economic-consequences incentives -- 3.3.2.3.1 Intellectual roots: Positive accounting theory -- 3.3.2.3.2 Application to financial reporting decisions -- 3.3.2.3.3 Accounting earnings-based compensation schemes -- 3.3.2.3.4 Accounting-based debt covenants in lending agreements -- 3.3.2.3.5 Political costs -- 3.3.2.3.6 Discriminating between competing hypotheses -- 3.3.2.4 Capital market-related incentives -- 3.3.2.4.1 Theoretical fundamentals -- 3.3.2.4.2 Management's interest in the firm's stock price -- 3.3.2.4.3 Maximizing earnings -- 3.3.2.4.4 Income smoothing -- 3.3.2.4.5 Target accounting -- 3.3.2.4.5.1 Prevalence of target accounting -- 3.3.2.4.5.2 Importance of earnings targets -- 3.3.2.4.5.3 Cross-sectional differences in target-accounting behavior -- 3.3.2.4.5.4 Market reactions to target accounting -- 3.3.2.4.6 Big bath -- 3.3.2.4.7 Rating -- 3.3.2.4.8 Specific considerations regarding accounting changes and other transitory earnings components -- 3.3.2.5 Factors restricting management discretion -- 3.4 Financial statement users' view of discretionary asset write-offs -- 3.4.1 Information perspective of financial reporting -- 3.4.2 Research approaches -- 3.4.3 Main findings -- 3.4.3.1 Information content studies -- 3.4.3.2 Association studies -- 3.5 Summary and implications. 4 Discretionary properties of the impairment-only approach -- 4.1 Chapter overview -- 4.2 Main provisions of SFAS 141 and 142 -- 4.3 Frequency -- 4.3.1 Annual testing -- 4.3.1.1 Rule -- 4.3.1.2 Exception -- 4.3.2 Unscheduled testing when circumstances warrant -- 4.4 Level of aggregation -- 4.5 Existence -- 4.5.1 Reporting unit fair value -- 4.5.1.1 Quoted market prices -- 4.5.1.2 Present value techniques -- 4.5.1.2.1 Measuring fair value as the objective -- 4.5.1.2.2 Measurement techniques -- 4.5.1.3 Multiples -- 4.5.1.4 Preliminary conclusion -- 4.5.2 Carrying value of reporting unit net assets -- 4.5.2.1 Allocating assets and liabilities -- 4.5.2.2 Allocating goodwill -- 4.5.3 Disposal -- 4.6 Measurement -- 4.6.1 Fair value of reporting unit net assets -- 4.6.1.1 Fictitious purchase price allocation -- 4.6.1.2 Recognition -- 4.6.1.3 Measurement -- 4.6.2 Inclusion of estimates -- 4.7 Transition -- 4.7.1 Effective date and initial application -- 4.7.2 Transitional impairment test -- 4.7.3 Transitional presentation and disclosures -- 4.7.4 Reclassification of goodwill and intangible assets -- 4.8 Intermediate results -- 5 Empirical investigation of write-off determinants -- 5.1 Chapter overview -- 5.2 Hypothesis development -- 5.2.1 Overview -- 5.2.2 Economic factors -- 5.2.3 Financial reporting incentives -- 5.2.3.1 Economic-consequences incentives -- 5.2.3.1.1 Compensation -- 5.2.3.1.2 Debt covenants -- 5.2.3.1.3 Political costs -- 5.2.3.2 Capital market-related incentives -- 5.2.3.2.1 Target accounting -- 5.2.3.2.1.1 General decision model -- 5.2.3.2.1.2 Firms exceeding earnings targets -- 5.2.3.2.1.3 Firms falling short of earnings targets -- 5.2.3.2.2 Rating -- 5.2.4 Control variables -- 5.3 Research design and descriptive information -- 5.3.1 Variable definition -- 5.3.2 Sample selection -- 5.3.3 Descriptive statistics and comparative analyses. 5.4 Regression analysis -- 5.4.1 Methods employed in studies of write-off determinants -- 5.4.1.1 Qualitative dependent variables: The write-off decision -- 5.4.1.2 Limited dependent variables: The write-off amount -- 5.4.2 Summary of hypotheses -- 5.4.3 Analysis of the write-off decision -- 5.4.3.1 Full-sample test -- 5.4.3.2 Tests for robustness -- 5.4.3.3 Sub-sample tests -- 5.4.4 Analysis of the write-off amount -- 5.4.4.1 Full-sample test -- 5.4.4.2 Tests for robustness -- 5.4.4.3 Sub-sample tests -- 5.5 Inferences -- 5.5.1 Summary of findings -- 5.5.2 Limitations -- 6 Conclusion -- Appendix -- List of references -- List of accounting pronouncements and legal provisions. |
| Record Nr. | UNINA-9910297043303321 |
Sellhorn Thorsten
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| Bern, : Peter Lang International Academic Publishing Group, 2018 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Hans-Michael Geiger- Informational Efficiency in Speculative Markets- a Theoretical Investigation : Informational Efficiency in Speculative Markets
| Hans-Michael Geiger- Informational Efficiency in Speculative Markets- a Theoretical Investigation : Informational Efficiency in Speculative Markets |
| Autore | Geiger Hans-Michael |
| Edizione | [First edition.] |
| Pubbl/distr/stampa | Frankfurt am Main : , : Peter Lang GmbH, Internationaler Verlag der Wissenschaften, , 1989 |
| Descrizione fisica | 1 online resource (238 pages) |
| Altri autori (Persone) | GrawEhrentraud |
| Collana | Allokation im marktwirtschaftlichen System |
| Soggetto topico | Economics - Psychological aspects |
| Soggetto non controllato |
Efficiency
Geiger Hans INFORM Informational Investigation Markets Michael Speculative Theoretical |
| ISBN | 3-631-75572-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- PREFACE -- INTRODUCTION -- Chapter I The Fundamental Issue: Efficiency in Market Economies -- 1 The Separability of Market Systems into an Allocation System and an Information System -- 1.1 The Allocation System -- 1.1.1 PARETO's Paradigm -- 1.1.2 Extension: Market Costs -- 1.1.2.1 Transaction Costs -- 1.1.2.2 Coordination Costs -- 1.1.2.3 Transaction Costs versus Coordination Costs -- 1.1.3 Factor Earnings -- 1.1.3.1 Input Costs -- 1.1.3.2 Managerial Reward -- 1.2 The Information System -- 1.2.1 The Concept of an Information System -- 1.2.2 Entrepreneurial Activity and Managerial Performance -- 1.2.2.1 The Mode of Interaction -- 1.2.2.2 Entrepreneurial Profit -- 1.2.2.3 Structures of Organization and Efficiency -- 1.2.3 The Process of Diffusion of Information -- 1.2.3.1 Profit Erosion as an Indication of Diffusion of Information -- 1.2.3.2 A Simple Model of Profit Erosion -- 1.2.4 Allocation versus Information Processes -- 1.2.5 Possession versus Property -- 2 The Concept of Allocational Efficiency and Informational Efficiency -- 2.1 Efficiency and Rationality in Economic Science -- 2.2 The Concept of Allocational Efficiency -- 2.3 The Concept of Informational Efficiency -- 3 An Efficiency-Preference Function -- Chapter II The Empirical Reference System: Futures Markets -- 1 Definition and Institutional Setup -- 2 Transaction Possibilities with Particular Reference to Conflicting Theories of Hedging -- 2.1 Arbitrage -- 2.2 Hedging -- 2.2.1 Hedging for Risk-Shifting -- 2.2.2 Hedging for Profit-Making -- 2.3 Speculation -- 2.4 Spreading -- 3 Economic Functions of Futures Markets -- 3.1 Microeconomic Functions -- 3.2 Macroeconomic Functions -- 4 Institutional Properties of Futures Markets as an Aid to Theoretical Analysis -- Chapter III The 'Neoclassical' Perspective of Informational Efficiency -- 1 Introductory Notes.
2 The Arithmomorphic Approach -- 2.1 Presentation of the Basic Idea -- 2.2 Expected Return Models -- 2.3 Statistical Background -- 2.4 A FAMA-Model of an Informational Efficient Market System -- 2.4.1 Presentation of a FAMA-Model of an Informational Efficient Market System -- 2.4.2 Tests of Informational Efficiency -- 2.4.3 The Problem of Joint Tests -- 2.5 Limitations and Criticism of the Arithmomorphic Approach -- Chapter IV An 'Austrian' Perspective of Informational Efficiency -- 1 Introductory Notes -- 2 An 'Austrian' Perspective -- 2.1 Hedging versus Speculation -- 2.2 Information Processes -- 2.3 Divergent Expectations and Speculative Prices -- 2.3.1 The Idea of Expectations -- 2.3.2 Consensus Expectations versus Divergent Expectations -- 2.3.3 The 'Unquiet Market' -- 2.3.4 The Principle of False-Price-Trading -- 2.3.5 Speculative Prices versus Forecast Prices -- 2.4 Monopoly and Profit -- 2.4.1 The Notion of Friction -- 2.4.2 Monopoly -- 2.4.3 Market Efficiency. |
| Altri titoli varianti | Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation |
| Record Nr. | UNINA-9910297043103321 |
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Geiger Hans-Michael
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| Frankfurt am Main : , : Peter Lang GmbH, Internationaler Verlag der Wissenschaften, , 1989 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Word Accent and Vowel Duration in Standard Slovene : An Acoustic and Linguistic Investigation / Tatjana Srebot-Rejec
| Word Accent and Vowel Duration in Standard Slovene : An Acoustic and Linguistic Investigation / Tatjana Srebot-Rejec |
| Autore | Srebot-Rejec Tatjana |
| Edizione | [1st, New ed.] |
| Pubbl/distr/stampa | Frankfurt a.M, : PH02, 1988 |
| Descrizione fisica | 1 online resource (286 p.) : , EPDF |
| Collana | Slavistische Beiträge |
| Soggetto topico | linguistics |
| Soggetto non controllato |
Accent
Acoustic Duration Investigation Linguistic Linguistik Literaturwissenschaft Philologie Rejec Slavische Sprachwissenschaft Slovene Slowenien Srebot Standard Vowel Word |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | ger |
| Nota di contenuto | A short survey of Slovene tonematics up to the present - Introduction - Nonsense words. Vowel duration and frequency - Accent in single words in neutral sentence intonation position - Word accent in sentences - Word accent continued - Vowel duration continued - Word accent. Summary |
| Altri titoli varianti | Word Accent and Vowel Duration in Standard Slovene |
| Record Nr. | UNINA-9910563070803321 |
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Srebot-Rejec Tatjana
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| Frankfurt a.M, : PH02, 1988 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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