Timeliness of goodwill impairment in Brazilian companies
نویسندگان
چکیده
ABSTRACT This article aimed to examine the timeliness of goodwill impairment perceived by Brazilian capital market. Despite it being widely studied internationally, has not yet been empirically investigated in Brazil, given that previous studies focus on determinants this loss, its disclosure, or manager behavior. question is relevant primarily due context standardization International Accounting Standards Board (IASB), which discussed possibilities for altering treatment goodwill. It also important investors, since a lack affects utility accounting information these users. The study provides indications discretion test used opportunistically, moment recognition loss. shows need joint effort between monitoring agents and standard-setting bodies guide use discretion, as well changes indicates current rule recording fails providing timely information, shielding effect against losses. non-financial companies listed B3 S.A. - Brasil, Bolsa, Balcão had recognized 2010-2020 period. analysis considered two dependent variables, applying logistic regression explain tobit model predict value. To timeliness, lagged annual returns shares were used. findings suggest losses through are manner managers delay them at least one years, with stronger late years. In addition, loss amount can be influenced occurring up three years before recording.
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ژورنال
عنوان ژورنال: Revista Contabilidade & Finanças
سال: 2022
ISSN: ['1808-057X', '1519-7077']
DOI: https://doi.org/10.1590/1808-057x20221579.en