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Pertinence économique de la norme IFRS 3 – phase 1 Une analyse des dépréciations du goodwill par les entreprises françaises sur la période 2000-2004

Author

Listed:
  • Marc Feuilloley

    (CERENE - Centre d'Etude et de Recherche en économiE et gestioN LogistiquE - ULH - Université Le Havre Normandie - NU - Normandie Université)

  • Patrick Sentis

    (GESEM - GESEM - Finance - UM1 - Université Montpellier 1)

Abstract

Cet article propose de mesurer la pertinence économique de la norme IFRS 3 imposant des tests de dépréciation du goodwill en lieu et place de l'amortissement systématique de celui-ci. Pour cela, la réaction du marché français à l'annonce de 75 dépréciations de goodwill sur la période 2000-2004 est examinée. L'annonce de ces dépréciations provoque un impact significativement négatif sur la valeur des entreprises confirmant l'effet économique de cet enregistrement comptable. L'étude des rentabilités à long terme 500 jours de bourse avant la date d'événement révèle une anticipation par le marché de la baisse de valeur du goodwill. En revanche, les rentabilités à long terme apparaissent positives sur les mois suivants traduisant une sur-réaction manifeste à cet événement. Cette constatation se distingue des travaux existants. Globalement, les résultats significatifs obtenus autour de la date d'événement des dépréciations confortent la pertinence économique de la norme IFRS 3.

Suggested Citation

  • Marc Feuilloley & Patrick Sentis, 2006. "Pertinence économique de la norme IFRS 3 – phase 1 Une analyse des dépréciations du goodwill par les entreprises françaises sur la période 2000-2004," Post-Print halshs-00548081, HAL.
    • Handle: RePEc:hal:journl:halshs-00548081
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00548081
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