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The Amount and Timing of Goodwill Write-Offs and Revaluations: Evidence from U.S. and U.K. Firms

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  • Steven L. Henning
  • Wayne H. Shaw
  • Toby Stock

Abstract

This paper investigates criticisms that U.S. GAAP had given firms too much discretion in determining the amount and timing of goodwill write-offs. Using 1,576 U.S. and 563 U.K. acquisitions, we find little evidence that U.S. firms managed the amount of goodwill write-off or that U.K. firms managed the amount of revaluations (write-ups of intangible assets). However, our results are consistent with U.S. firms delaying goodwill write-offs and U.K. firms timing revaluations strategically to avoid shareholder approval linked to certain financial ratios.

Suggested Citation

  • Steven L. Henning & Wayne H. Shaw & Toby Stock, 2004. "The Amount and Timing of Goodwill Write-Offs and Revaluations: Evidence from U.S. and U.K. Firms," Review of Quantitative Finance and Accounting, Springer, vol. 23(2), pages 99-121, September.
  • Handle: RePEc:kap:rqfnac:v:23:y:2004:i:2:p:99-121
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    Cited by:

    1. repec:eee:advacc:v:31:y:2015:i:1:p:107-114 is not listed on IDEAS
    2. Begoña Giner & Francisca Pardo, 2015. "How Ethical are Managers’ Goodwill Impairment Decisions in Spanish-Listed Firms?," Journal of Business Ethics, Springer, vol. 132(1), pages 21-40, November.
    3. Inès Bouden & Luc Paugam & Olivier Ramond, 2011. "Les déterminants de la dépréciation du goodwill : proposition d'un cadre d'analyse," Post-Print hal-00646810, HAL.
    4. repec:eee:jocaae:v:12:y:2016:i:3:p:290-308 is not listed on IDEAS
    5. Duh, Rong-Ruey & Lee, Wen-Chih & Lin, Ching-Chieh, 2009. "Reversing an impairment loss and earnings management: The role of corporate governance," The International Journal of Accounting, Elsevier, vol. 44(2), pages 113-137, June.
    6. repec:eee:crpeac:v:19:y:2008:i:8:p:1370-1383 is not listed on IDEAS

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