The role of large shareholders in goodwill impairment decisions - Evidence from China

被引：2
|
作者：
Han, Hongwen [1 ]
Tang, Jiali Jenna [2 ]
Tang, Qingquan [3 ]
机构：
[1] Shanghai Univ, Sch Management, Shanghai 200444, Peoples R China
[2] Univ Hartford, Dept Accounting & Taxat, West Hartford, CT 06117 USA
[3] Sun Yat Sen Univ, Sch Business, Guangzhou 510275, Guangdong, Peoples R China
来源：
EMERGING MARKETS REVIEW | 2024年 / 59卷
基金：
中国国家自然科学基金;
关键词：
Emerging market; Emerging Goodwill impairment; Large shareholders; Big4; auditors; Earnings management; MULTIPLE LARGE SHAREHOLDERS; AUDIT-QUALITY; ACCOUNTING DISCRETION; CORPORATE-OWNERSHIP; BIG; EARNINGS; GOVERNANCE; FINANCE; MARKET; IFRS;
D O I：
10.1016/j.ememar.2023.101093
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Our paper examines how large shareholders manage goodwill impairment to inflate earnings as well as the role of audit functions in this setting. The influence of large shareholders on corporate decisions is well documented, however, overlooked in goodwill literature. Using data from China, we find that a higher ownership percentage held by large shareholders associates with a lower likelihood of recording goodwill impairment as well as a reduced impairment amount, suggesting that goodwill impairment is intentionally avoided or decreased by large shareholders. We further find that the presence of big4 auditors mitigates such relationship.
引用
收藏
页数：18
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