IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Pertinence économique de la comptabilisation des dépréciations de goodwill:le cas français

Listed author(s):
  • Marc Feuilloley


    (Université du Havre)

  • Patrick Sentis

    (Université Montpellier I et Groupe Sup de Co Montpellier)

(VF)Cet article propose de mesurer la pertinence économique de la comptabilisation des dépréciations du goodwill. 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. Les rentabilités à long terme sont étudiées sur une fenêtre de 500 jours avant la date d’annonce de la dépréciation jusqu’à 750 jours après. Globalement, les résultats significatifs obtenus autour de la date d’événement des dépréciations confortent la pertinence économique de la norme IFRS 3.(VA)This paper examines whether goodwill write-off accounting is consistent with market valuations. To achieve this goal, we measure the impact of 75 goodwill write-off announcements on French companies’ stock price. Goodwill write-off announcements produce a negative impact on companies’ stock prices and suggest an economic effect of this accounting policy. The negative long-term abnormal returns during the pre-announcement period (day -500) suggest that the market anticipates the depreciation of goodwill. Globally, the significant results around the date of announcement confirm the consistency of IFRS 3 with market valuations.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Article provided by in its journal Revue Finance Contrôle Stratégie.

Volume (Year): 10 (2007)
Issue (Month): 1 (March)
Pages: 95-124

in new window

Handle: RePEc:dij:revfcs:v:10:y:2007:i:q1:p:95-124
Contact details of provider: Web page:

Order Information: Email:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

in new window

  1. Eric Lindenberg & Michael P. Ross, 1999. "To Purchase Or To Pool: Does It Matter?," Journal of Applied Corporate Finance, Morgan Stanley, vol. 12(2), pages 32-47.
  2. repec:bla:joares:v:38:y:2000:i:2:p:375-386 is not listed on IDEAS
  3. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
  4. Corrado, Charles J., 1989. "A nonparametric test for abnormal security-price performance in event studies," Journal of Financial Economics, Elsevier, vol. 23(2), pages 385-395, August.
  5. Womack, Kent L, 1996. " Do Brokerage Analysts' Recommendations Have Investment Value?," Journal of Finance, American Finance Association, vol. 51(1), pages 137-167, March.
  6. repec:bla:joares:v:6:y:1968:i:2:p:159-178 is not listed on IDEAS
  7. Jean-Francois Gajewski & Bertrand Quere, 2001. "The information content of earnings and turnover announcements in France," European Accounting Review, Taylor & Francis Journals, vol. 10(4), pages 679-704.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:dij:revfcs:v:10:y:2007:i:q1:p:95-124. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gérard Charreaux)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.