The value-relevance of goodwill reported under IFRS 3 versus IAS 22

References

• Aboody, D., Barth, M. E., & Kasznik, R. (1999). Revaluations of fixed assets and future firm performance: Evidence from the UK. Journal of Accounting and Economics, 26, 149–178. doi: 10.1016/S0165-4101(98)00040-8
   Web of Science ®Google Scholar
• Barth, M. E. (2000). Valuation-based accounting research: Implications for financial reporting and opportunities for future research. Accounting and Finance, 40, 7–32. doi: 10.1111/1467-629X.00033
   Google Scholar
• Barth, M. E., Beaver, W. H., & Landsman, W. R. (2001). The relevance of the value relevance literature for financial accounting standard setting: Another view. Journal of Accounting and Economics, 31, 77–104. doi: 10.1016/S0165-4101(01)00019-2
   Web of Science ®Google Scholar
• Barth, M. E., Clement, M. B., Foster, G., & Kasznik, R. (1998). Brand values and capital market valuation. Review of Accounting Studies, 3, 41–68. doi: 10.1023/A:1009620132177
   Google Scholar
• Barth, M. E., & Clinch, G. (1996). International accounting differences and their relation to share prices: Evidence from UK, Australian, and Canadian firms. Contemporary Accounting Research, 13, 135–170. doi: 10.1111/j.1911-3846.1996.tb00495.x
   Google Scholar
• Barth, M. E., & Clinch, G. (2009). Scale effects in capital markets-based accounting research. Journal of Business Finance and Accounting, 36, 253–288. doi: 10.1111/j.1468-5957.2009.02133.x
   Web of Science ®Google Scholar
• Barth, M. E., & Landsman, W. R. (1995). Fundamental issues related to using fair value accounting for financial reporting. Accounting Horizons, 9(4), 97–107.
   Google Scholar
• Beaver, W. H. (2002). Perspectives on recent capital market research. The Accounting Review, 77, 453–474. doi: 10.2308/accr.2002.77.2.453
   Web of Science ®Google Scholar
• Bugeja, M., & Gallery, N. (2006). Is older goodwill value relevant? Accounting and Finance, 46, 519–535. doi: 10.1111/j.1467-629X.2006.00181.x
   Web of Science ®Google Scholar
• Burns, R. B., & Burns, R. A. (2008). Business research methods and statistics using SPSS. London: Sage.
   Google Scholar
• Cahan, S. F., Courtenay, S. M., Gronnewoller, P. L., & Upton, D. R. (2000). Value relevance of mandated comprehensive income disclosures. Journal of Business Finance and Accounting, 27, 1233–1265. doi: 10.1111/1468-5957.00356
   Google Scholar
• Canning, J. B. (1929). The economics of accountancy: A critical analysis of accounting theory. New York, NY: Ronald Press.
   Google Scholar
• Chalmers, K. G., Godfrey, J. M., & Webster, J. C. (2011). Does a goodwill impairment regime better reflect the underlying economic attributes of goodwill? Accounting and Finance, 51, 634–660. doi: 10.1111/j.1467-629X.2010.00364.x
   Web of Science ®Google Scholar
• Collins, D. W., Pincus, M., & Xie, H. (1999). Equity valuation and negative earnings: The role of book value of equity. The Accounting Review, 74, 29–61. doi: 10.2308/accr.1999.74.1.29
   Web of Science ®Google Scholar
• Financial Accounting Standards Board (FASB). (2001). Background information and basis for conclusion, statement no 142. Norwalk, CT: FASB.
   Google Scholar
• Godfrey, J., & Koh, P.-S. (2001). The relevance to firm valuation of capitalising intangible assets in total and by category. Australian Accounting Review, 11(2), 39–48. doi: 10.1111/j.1835-2561.2001.tb00186.x
   Google Scholar
• Godfrey, J. M., & Koh, P.-S. (2009). Goodwill impairment as a reflection of investment opportunities. Accounting and Finance, 49, 117–140. doi: 10.1111/j.1467-629X.2008.00272.x
   Web of Science ®Google Scholar
• Gow, I. D., Ormazabal, G., & Taylor, D. J. (2010). Correcting for cross-sectional and time-series dependence in accounting research. The Accounting Review, 85, 483–512. doi: 10.2308/accr.2010.85.2.483
   Web of Science ®Google Scholar
• Gynther, R. S. (1969). Some “conceptualizing” on goodwill. The Accounting Review, 44, 247–255.
   Web of Science ®Google Scholar
• Harris, M. S., & Muller, K. A. (1999). The market valuation of IAS versus US-GAAP accounting measures using Form 20-F reconciliations. Journal of Accounting and Economics, 26, 285–312. doi: 10.1016/S0165-4101(99)00003-8
   Web of Science ®Google Scholar
• Hayn, C. (1995). The information content of losses. Journal of Accounting and Economics, 20, 125–153. doi: 10.1016/0165-4101(95)00397-2
   Web of Science ®Google Scholar
• INET BFA - INET Expert. (2012). Research domain. Software and database. Johannesburg.
   Google Scholar
• International Accounting Standards Board (IASB). (1993). Business combinations, IAS 22. London: IASB.
   Google Scholar
• International Accounting Standards Board (IASB). (2004a). Basis for conclusions on IFRS 3 business combinations, IFRS 3 BC. London: IASB.
   Google Scholar
• International Accounting Standards Board (IASB). (2004b). Business combinations, IFRS 3. London: IASB.
   Google Scholar
• International Accounting Standards Board (IASB). (2004c). Dissenting opinions on IFRS 3. London: IASB.
   Google Scholar
• International Accounting Standards Board (IASB). (2010). The conceptual framework for financial reporting. London: IASB.
   Google Scholar
• International Accounting Standards Board (IASB). (2011). Intangible assets, IAS 38. London: IASB.
   Google Scholar
• Jennings, R., Robinson, J., Thompson, R. B., II, & Duvall, L. (1996). The relation between accounting goodwill numbers and equity values. Journal of Business Finance and Accounting, 23, 513–533. doi: 10.1111/j.1468-5957.1996.tb01024.x
   Google Scholar
• Lee, C. (2011). The effect of SFAS 142 on the ability of goodwill to predict future cash flows. Journal of Accounting and Public Policy, 30, 236–255. doi: 10.1016/j.jaccpubpol.2010.11.001
   Web of Science ®Google Scholar
• McCarthy, M. G., & Schneider, D. K. (1995). Market perception of goodwill: Some empirical evidence. Accounting and Business Research, 26, 69–81. doi: 10.1080/00014788.1995.9729499
   Google Scholar
• Ohlson, J. A. (1995). Earnings, book values, and dividends in equity valuation. Contemporary Accounting Research, 11, 661–687. doi: 10.1111/j.1911-3846.1995.tb00461.x
   Google Scholar
• Rees, W. P. (1997). The impact of dividends, debt and investment on valuation models. Journal of Business Finance and Accounting, 24, 1111–1140. doi: 10.1111/1468-5957.00154
   Google Scholar
• Riedl, E. J. (2004). An examination of long-lived asset impairments. Accounting Review, 79, 823–852. doi: 10.2308/accr.2004.79.3.823
   Web of Science ®Google Scholar
• Seetharaman, A., Sreenivasan, J., Sudha, R., & Yee, T. Y. (2006). Managing impairment of goodwill. Journal of Intellectual Capital, 7, 338–353. doi: 10.1108/14691930610681447
   Google Scholar
• South African Institute of Chartered Accountants (SAICA). (1999). Business combinations, AC 131. Johannesburg: SAICA.
   Google Scholar
• Subramanyam, K. R., & Venkatachalam, M. (2007). Earnings, cash flows, and ex post intrinsic value of equity. The Accounting Review, 82, 457–481. doi: 10.2308/accr.2007.82.2.457
   Web of Science ®Google Scholar
• White, H. (1980). A heteroskedastic-consistent covariance matrix estimator and a direct test of heteroskedasticity. Econometrica, 48, 817–838. doi: 10.2307/1912934
   Web of Science ®Google Scholar
• Wiese, A. (2005). Accounting for goodwill: The transition from amortisation to impairment –an impact assessment. Meditari Accountancy Research, 13(1), 105–120. doi: 10.1108/10222529200500007
   Google Scholar
• Wines, G., Dagwell, R., & Windsor, C. (2007). Implications of the IFRS goodwill accounting treatment. Managerial Auditing Journal, 22, 862–880. doi: 10.1108/02686900710829381
   Google Scholar