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The association of identifiable intangible assets acquired and recognised in business acquisitions with postacquisition firm performance

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  • Wun Hong Su
  • Peter Wells
  • Gary Monroe

Abstract

type="main" xml:id="acfi12086-abs-0001"> This paper extends the literature evaluating accounting practices for identifiable intangible assets and considers whether the application of these accounting practices changed on transition to IFRS. It finds no evidence of identifiable intangible assets acquired and recognised in business acquisitions being associated with postacquisition firm performance or changes in postacquisition firm performance, either before or after transition to IFRS. This is inconsistent with the requirements of regulations such as IFRS 3 Business Combinations and IAS 38 Intangible Assets, and there is no empirical evidence supporting the present regulatory distinction between acquired and internally generated and revalued identifiable intangible assets.

Suggested Citation

  • Wun Hong Su & Peter Wells & Gary Monroe, 2015. "The association of identifiable intangible assets acquired and recognised in business acquisitions with postacquisition firm performance," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 55(4), pages 1171-1199, December.
    • Handle: RePEc:bla:acctfi:v:55:y:2015:i:4:p:1171-1199
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    File URL: http://hdl.handle.net/10.1111/acfi.2015.55.issue-4
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    Cited by:

    1. Mittal, Amit & Garg, Ajay Kumar, 2017. "Private information implications for acquirers and targets in horizontal mergers," MPRA Paper 85355, University Library of Munich, Germany.
    2. Hana Bohušová & Patrik Svoboda, 2018. "Intangible Assets Reporting: the Case of Chemical and Pharmaceutical Industry in the Czech Republic," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 66(2), pages 431-439.
    3. Ni, Yensen & Huang, Paoyu & Chen, Yuhsin, 2019. "Board structure, considerable capital, and stock price overreaction informativeness in terms of technical indicators," The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 514-528.
    4. d'Arcy, Anne & Tarca, Ann, 2018. "Reviewing IFRS Goodwill Accounting Research: Implementation Effects and Cross-Country Differences," The International Journal of Accounting, Elsevier, vol. 53(3), pages 203-226.
    5. Yensen Ni & Yirung Cheng & Yulu Liao & Paoyu Huang, 2022. "Does board structure affect stock price overshooting informativeness measured by stochastic oscillator indicators?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 2290-2302, April.
    6. Bagna, Emanuel & Ramusino, Enrico Cotta & Ogliari, Matteo, 2023. "The impact of different goodwill accounting methods on stock prices: A comparison of amortization and impairment-only methodologies," International Review of Financial Analysis, Elsevier, vol. 85(C).

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