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The Paradox Of Goodwill: Why Do We Pay More Than The Fair Value? Study On Romanian Companies

Author

Listed:
  • CRISTINA-IONELA FĂDUR
  • MARILENA MIRONIUC

    (“ALEXANDRU IOAN CUZA” UNIVERSITY, THE FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, IASI)

Abstract

Romanian economy of the last 20 years has been marked by numerous privatization processes. The goodwill is an unidentifiable intangible asset, which raised the interest of many accounting researchers. In this paper, we aimed to analyze the annual financial statements of the foreign companies that bought Romanian companies with the purpose of identifying the value of the goodwill and of other intangible assets acknowledged after the transaction, considering that this value is an important clue concerning the intangible capital of Romanian companies.

Suggested Citation

  • Cristina-Ionela Fădur & Marilena Mironiuc, 2012. "The Paradox Of Goodwill: Why Do We Pay More Than The Fair Value? Study On Romanian Companies," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 213-220, November.
    • Handle: RePEc:tdt:annals:v:xviii/supplement:y:2012:p:213-220
    as

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    File URL: http://fse.tibiscus.ro/anale/Lucrari2012_2/AnaleFSE_2012_2_032.pdf
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    References listed on IDEAS

    as
    1. Jean‐Michel Sahut & Sandrine Boulerne & Frédéric Teulon, 2011. "Do IFRS provide better information about intangibles in Europe?," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 10(3), pages 267-290, August.
    2. Suntharee Lhaopadchan, 2010. "Fair value accounting and intangible assets," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 18(2), pages 120-130, May.
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    More about this item

    Keywords

    intangible assets; goodwill; intangible capital; privatization;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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