How Ethical are Managers' Goodwill Impairment Decisions in Spanish-Listed Firms?
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| 024 | 7 | 0 | |a 10.1007/s10551-014-2303-8 |2 doi |
| 035 | |a (NATIONALLICENCE)springer-10.1007/s10551-014-2303-8 | ||
| 245 | 0 | 0 | |a How Ethical are Managers' Goodwill Impairment Decisions in Spanish-Listed Firms? |h [Elektronische Daten] |c [Begoña Giner, Francisca Pardo] |
| 520 | 3 | |a This article provides an analysis of the ethical behavior of managers making goodwill impairment decisions following the adoption of the International Financial Reporting Standard (IFRS) 3 on Business Combinations. Replacing the systematic amortization of goodwill with the impairment-only approach has been a highly controversial step. Although the aim of IFRS 3 was to provide users with more value-relevant information regarding the underlying economics of the business, it has been criticized for the potential earnings management inherent in impairment testing. This study is based on a sample of Spanish-listed companies between 2005 and 2011, a period that embraces the economic crisis. After controlling for the underlying economic factors of the firms, the results suggest that managers are exercising discretion in the reporting of goodwill impairment losses, and big bath and smoothing strategies are influencing the decisions, whether or not to impair goodwill and about the magnitude of the impairment. Firm size is an attribute that appears significant in the analysis, suggesting that the cost and complexity of running the impairment test affect managers' decisions. Additional analyses suggest that the macroeconomic environment influences opportunistic and unethical behaviors. | |
| 540 | |a Springer Science+Business Media Dordrecht, 2014 | ||
| 690 | 7 | |a Accounting ethics |2 nationallicence | |
| 690 | 7 | |a Business combinations |2 nationallicence | |
| 690 | 7 | |a Earnings management |2 nationallicence | |
| 690 | 7 | |a Goodwill impairment |2 nationallicence | |
| 690 | 7 | |a IFRS 3 |2 nationallicence | |
| 690 | 7 | |a Managerial ethical behavior |2 nationallicence | |
| 690 | 7 | |a Spain |2 nationallicence | |
| 690 | 7 | |a CGU : Cash-generating unit |2 nationallicence | |
| 690 | 7 | |a EU : European Union |2 nationallicence | |
| 690 | 7 | |a EUR : Euro |2 nationallicence | |
| 690 | 7 | |a EFRAG : European Financial Reporting Advisory Group |2 nationallicence | |
| 690 | 7 | |a ESMA : European Securities and Markets Authority |2 nationallicence | |
| 690 | 7 | |a FASB : Financial Accounting Standards Board |2 nationallicence | |
| 690 | 7 | |a GAP : General accounting plan |2 nationallicence | |
| 690 | 7 | |a GDP : Gross domestic product |2 nationallicence | |
| 690 | 7 | |a IAS : International Accounting Standards |2 nationallicence | |
| 690 | 7 | |a IASB : International Accounting Standards Board |2 nationallicence | |
| 690 | 7 | |a IFRS : International Financial Reporting Standards |2 nationallicence | |
| 690 | 7 | |a IOS : Investment opportunity set |2 nationallicence | |
| 690 | 7 | |a M&A : Mergers and acquisitions |2 nationallicence | |
| 690 | 7 | |a OLS : Ordinary least squares |2 nationallicence | |
| 690 | 7 | |a SFAS : Statement of Financial Accounting Standards |2 nationallicence | |
| 690 | 7 | |a UK : United Kingdom |2 nationallicence | |
| 690 | 7 | |a US : United States |2 nationallicence | |
| 690 | 7 | |a USA : United States of America |2 nationallicence | |
| 690 | 7 | |a USD : United States Dollar |2 nationallicence | |
| 690 | 7 | |a USGAAP : United States generally accepted accounting principles |2 nationallicence | |
| 700 | 1 | |a Giner |D Begoña |u Department of Accounting, University of Valencia (Spain), Avenida dels Tarongers s/n, 46071, Valencia, Spain |4 aut | |
| 700 | 1 | |a Pardo |D Francisca |u Department of Accounting, University of Valencia (Spain), Avenida dels Tarongers s/n, 46071, Valencia, Spain |4 aut | |
| 773 | 0 | |t Journal of Business Ethics |d Springer Netherlands |g 132/1(2015-11-01), 21-40 |x 0167-4544 |q 132:1<21 |1 2015 |2 132 |o 10551 | |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-014-2303-8 |q text/html |z Onlinezugriff via DOI |
| 898 | |a BK010053 |b XK010053 |c XK010000 | ||
| 900 | 7 | |a Metadata rights reserved |b Springer special CC-BY-NC licence |2 nationallicence | |
| 908 | |D 1 |a research-article |2 jats | ||
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| 950 | |B NATIONALLICENCE |P 856 |E 40 |u https://doi.org/10.1007/s10551-014-2303-8 |q text/html |z Onlinezugriff via DOI | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Giner |D Begoña |u Department of Accounting, University of Valencia (Spain), Avenida dels Tarongers s/n, 46071, Valencia, Spain |4 aut | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Pardo |D Francisca |u Department of Accounting, University of Valencia (Spain), Avenida dels Tarongers s/n, 46071, Valencia, Spain |4 aut | ||
| 950 | |B NATIONALLICENCE |P 773 |E 0- |t Journal of Business Ethics |d Springer Netherlands |g 132/1(2015-11-01), 21-40 |x 0167-4544 |q 132:1<21 |1 2015 |2 132 |o 10551 | ||