Insights into goodwill impairments: a cross-country study within the European Union

• Autor(a) principal: Lima, Maria Beatriz Cartaxo
• Data de Publicação: 2018
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/36550
• topic: Goodwill; Impairment; European Union; Heterogeneities; IAS 36; Timeliness; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

This Work Project investigates which factors influence EU-listed companies’ decision to report an impairment of goodwill in the post-IFRS and whether they timely impair it. Although EU countries are part of a political and economic union, heterogeneities persist among them, possibly influencing financial reporting. Despite both company and country-specific factors being contemplated, emphasis is given to the latter. Probit regressions analysis shows audit and enforcement quality as well as the macroeconomic environment are important for the decision. Nonetheless, the Eurozone-integration level hypothesis is not sustained. Additional analysis supports results on the impact of audit and enforcement on timeliness.