This study investigates the relationship existing between cross-border M&A and impairment losses (IL) subsequently recognized against goodwill as an accounting measure of M&A failure. The study contributes to the literature on M&A failures providing preliminary evidence on companies more involved in cross-border M&A being more subject to goodwill IL. The study also contributes to accounting literature as it builds a preliminary bridge between managerial strategic decisions on M&A and their effects on companies performance measured by a value relevant income component (i.e., goodwill IL).
Lionzo, A., Florio, C., Corbella, S., Cross-border M&A and goodwill impairment losses: some preliminary evidence, in Demetris Vrontis, Y. W. E. T. (ed.), 8th Annual Conference of the EuroMed Academy of Business - Innovation, Entrepreneurship and Sustainable Value Chain in a Dynamic Environment, Euromed Press, Marseille 2015: 2535- 2537 [http://hdl.handle.net/10807/98246]
Cross-border M&A and goodwill impairment losses: some preliminary evidence
Lionzo, Andrea;Florio, Cristina;Corbella, Silvano
2015
Abstract
This study investigates the relationship existing between cross-border M&A and impairment losses (IL) subsequently recognized against goodwill as an accounting measure of M&A failure. The study contributes to the literature on M&A failures providing preliminary evidence on companies more involved in cross-border M&A being more subject to goodwill IL. The study also contributes to accounting literature as it builds a preliminary bridge between managerial strategic decisions on M&A and their effects on companies performance measured by a value relevant income component (i.e., goodwill IL).
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