Corporate governance, financial indicators and asset impairments during the COVID-19 pandemic period

被引：0
|
作者：
Vichitsarawong, Thanyaluk [1 ]
Li Eng, Li [2 ]
机构：
[1] Chulalongkorn Univ, Chulalongkorn Business Sch, Dept Accountancy, Bangkok 10330, Thailand
[2] Missouri Univ Sci & Technol, Dept Business & Informat Technol, Fulton Hall, Rolla, MO 65409 USA
来源：
FINANCE RESEARCH LETTERS | 2023年 / 58卷
关键词：
Asset impairment; Goodwill impairment; Corporate governance; Financial indicators; COVID-19; GOODWILL IMPAIRMENTS; ACCOUNTING DISCRETION; WRITE-DOWNS;
D O I：
10.1016/j.frl.2023.104627
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines the effect of corporate governance and financial indicators on long-lived asset and goodwill impairments during pre-COVID-19 and COVID-19 periods for a sample of United States (U.S.), France, Germany and the United Kingdom (U.K.). We find that goodwill impairment is greater during the COVID-19 than the pre-COVID-19 periods for all four countries, and long-lived asset impairment is greater during the COVID-19 period for the U.S. and the U.K. The effects of corporate governance on asset impairments and the effects of short-term financial indicators (cash flow and/or sales) and long-term financial indicators (stock returns) vary by country.
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页数：10
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