Factores explicativos del deterioro del fondo de comercio en los grupos cotizados españoles
Objetivo. Analizar qué factores pueden influir en la decisión de reconocer o no pérdidas por deterioro del fondo de comercio cuando se detecte que su valor neto contable excede de su importe recuperable. Metodología. Se aplicó un modelo de regresión logística multivariable sobre una muestra de sociedades cotizadas, todas ellas dominantes de grupos de empresas que presentaban cuentas consolidadas en España durante el período 2014- 2018. Resultados. Las pérdidas obtenidas por la entidad, deterioros contabilizados en ejercicios anteriores, al igual que el tamaño, son aspectos que influyen de forma positiva en el reconocimiento de deterioro de valor del fondo de comercio. Conclusiones. Este trabajo detecta cierto comportamiento discrecional por... Ver más
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Revista Perspectiva Empresarial - 2022
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Factores explicativos del deterioro del fondo de comercio en los grupos cotizados españoles Petersen, C. and Plenborg, T. (2010). How Do Firms Implement Impairment Test of Goodwill? Abacus, 46(4), 419-446. https://doi.org/10.1111/j.1467-6281.2010.00326.x Beatty, A. and Weber, J. (2006). Accounting discretion in fair value estimates: An examination of SFAS 142 goodwill impairments. Journal of Accounting Research, 44(2), 257-288. https://doi.org/10.1111/j.1475-679X.2006.00200.x Blasco, P., Costa, A. y Montes, A. (2019). Deterioro del fondo de comercio en las normas internaciones: un estudio de una muestra de grupos cotizados. Revista Perspectiva Empresarial, 6(2), 36-58. https://doi.org/10.16967/23898186.599 Cañibano, L. y Herranz, F. (2021). El controvertido tratamiento contable del fondo de comercio. Revista Consejeros, 167, 26-29. Cavero, J.A., Amorós, A. and Collazo, A. (2021). Economic effects of goodwill accounting practices: systematic amortisation versus impairment test. Revista Española de Financiación y Contabilidad, 50(2), 224-245. https://doi.org/10.1080/02102412.2020.1778376 Chalmers, K.G., Godfrey, J.M. and Webster, J.C. (2011). Does a Goodwill Impairment Regime Better Reflect the Underlying Economic Attributes of Goodwill? Accounting and Finance, 51(3), 634-660. https://doi.org/10.1111/j.1467-629X.2010.00364.x Filip, A., Jeanjean, T. and Paugam, L. (2015). Using Real Activities to Avoid Goodwill Impairment Losses: Evidence and Effect on Future Performance. Journal of Business Finance & Accounting, 42(3), 515-554. https://doi.org/10.1111/jbfa.12107 Giner, B. and Pardo, F. (2015). How Ethical are Managers' Goodwill Impairment Decisions in Spanish-Listed Firms? Journal of Business Ethics, 132(1), 21-40. https://doi.org/10.1007/s10551-014-2303-8 Glaum, M., Landsman, W. and Wyrva, S. (2015). Determinants of goodwill impairment incidence and intensity: International evidence. Recuperado de https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2608425. https://doi.org/10.2139/ssrn.2608425 Hamberg, M., Paananen, M. and Novak, J. (2011). The adoption of IFRS 3: The effects of managerial discretion and stock market reactions. European Accounting Review, 20(2), 263-288. https://doi.org/10.1080/09638181003687877 Hayn, C. and Hughes, P.J. (2006). Leading Indicators of Goodwill Impairment. Journal of Accounting, Auditing & Finance, 21(3), 223-265. https://doi.org/10.1177/0148558X0602100303 Jahmani, Y., Dowling, W. and Torres, P.D. (2010). Goodwill Impairment: A New Window for Earnings Management? Journal of Business and Economics Research, 8(2), 19-24. https://doi.org/10.19030/jber.v8i2.669 Lapointe-Antunes, P., Cormier, D. and Magnan, M. (2008). Equity Recognition of Mandatory Accounting Chances: The Case of Transitional Goodwill Impairment Loss. Canadian Journal of Administrative Sciences, 25(1), 37-54. https://doi.org/10.1002/cjas.41 Li, K., and Sloan, R. (2017). Has goodwill accounting gone bad? Review of Accounting Studies, 22(2), 964-1003. https://doi.org/10.1007/s11142-017-9401-7 Mazzi, F., Liberatore, G. and Tsalavoutas, I. (2016). Insights on CFOs' Perceptions about Impairment Testing Under IAS 36. Journal Accounting in Europe, 13(3), 353-79. https://doi.org/10.1080/17449480.2016.1244341 Ramanna, K. and Watts, R.L. (2012). Evidence on the use of unverifiable estimates in required goodwill impairment. Review of Accounting Studies, 17(4), 749-780. https://doi.org/10.1007/s11142-012-9188-5 Abughazaleh, N.M., Al-Hares, O. and Roberts, C. (2011). Accounting discretion in goodwill impairments: UK evidence. Journal of International Financial Management and Accounting, 22(3), 165-204. https://doi.org/10.1111/j.1467-646X.2011.01049.x Riedl, E. (2004). An examination of long-lived asset impairments. The Accounting Review, 79(3), 823-852. https://doi.org/10.2308/accr.2004.79.3.823 Sevin, S. and Schroeder, R. (2005). Earnings management: Evidence from SFAS No. 142 reporting. Managerial Auditing Journal, 20(1), 47-54. https://doi.org/10.1108/02686900510570696 Siggelkow, L. and Zülch, H. (2013). What Drives Companies? An Analysis of Fixed Asset Write-offs in Europe in the Context of Different Institutional Settings. Recuperado de https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2198809. https://doi.org/10.2139/ssrn.2198809 Valero, J.I. (2017). Análisis de la discrecionalidad en el reconocimiento del deterioro del fondo de comercio: un estudio empírico. Madrid, España: Instituto de Contabilidad y Auditoría de Cuentas. Verriest, A. and Gaeremynck, A. (2009). What determines goodwill impairment? Review of Business and Economics, 54(2), 1-23. Wilson, G.P. (1996). Discussion Write-offs: Manipulation of Impairment? Journal of Accounting Research, 34, 171-177. https://doi.org/10.2307/2491432 Wines, G., Dagwell, R. and Windsor, C. (2007). Implications of the IFRS goodwill accounting treatment. Managerial Auditing Journal, 22(9), 862-880 https://doi.org/10.1108/02686900710829381 info:eu-repo/semantics/article http://purl.org/coar/resource_type/c_6501 info:eu-repo/semantics/publishedVersion http://purl.org/coar/version/c_970fb48d4fbd8a85 info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 Text Avallone, F. and Quagli, A. (2015). Insight into the variables used to manage the goodwill impairment test under IAS 36. Advances in Accounting, 31(1), 107-114. https://doi.org/10.1016/j.adiac.2015.03.011 Publication Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0. text/xml 1 Núm. 1 , Año 2022 : enero-junio Artículo de revista normas internacionales deterioro de valor fondo de comercio application/pdf text/html Sabaneta: Fundación Universitaria Ceipa, 2014- Revista Perspectiva Empresarial Olmo, Jorge Costa, Alicia https://revistas.ceipa.edu.co/index.php/perspectiva-empresarial/article/view/767 Blasco Burriel, María Pilar Español https://creativecommons.org/licenses/by-nc-sa/4.0 Revista Perspectiva Empresarial - 2022 Objetivo. Analizar qué factores pueden influir en la decisión de reconocer o no pérdidas por deterioro del fondo de comercio cuando se detecte que su valor neto contable excede de su importe recuperable. Metodología. Se aplicó un modelo de regresión logística multivariable sobre una muestra de sociedades cotizadas, todas ellas dominantes de grupos de empresas que presentaban cuentas consolidadas en España durante el período 2014- 2018. Resultados. Las pérdidas obtenidas por la entidad, deterioros contabilizados en ejercicios anteriores, al igual que el tamaño, son aspectos que influyen de forma positiva en el reconocimiento de deterioro de valor del fondo de comercio. Conclusiones. Este trabajo detecta cierto comportamiento discrecional por parte de los directivos derivado de la complejidad que conlleva la realización de la prueba de deterioro de valor del fondo de comercio, además de su falta de precisión. 9 impairment Objective. To analyze which factors may influence the decision to recognize goodwill impairment losses when the net book value exceeds its recoverable amount. Methodology. A multivariate logistic regression model was applied to a sample of listed companies, all of them dominating groups of companies presenting consolidated accounts in Spain during the period 2014-2018. Results. The losses recorded by the entity, impairments booked in previous years, as well as size, are aspects that positively influence the recognition of goodwill impairment. Conclusions. This work detects a certain discretionary behavior on the part of managers due to the complexity involved in performing the goodwill impairment test, in addition to its lack of precision. Goodwill Journal article Factors explaining the impairment of goodwill in Spanish listed groups international standards 32 2022-09-16T15:09:53Z https://revistas.ceipa.edu.co/index.php/perspectiva-empresarial/article/download/767/1057 https://revistas.ceipa.edu.co/index.php/perspectiva-empresarial/article/download/767/1072 https://revistas.ceipa.edu.co/index.php/perspectiva-empresarial/article/download/767/1092 2022-09-16T15:09:53Z 2022-09-16 2389-8186 2389-8194 10.16967/23898186.767 https://doi.org/10.16967/23898186.767 44 |
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CEIPA BUSINESS SCHOOL |
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Revista Perspectiva Empresarial |
| title |
Factores explicativos del deterioro del fondo de comercio en los grupos cotizados españoles |
| spellingShingle |
Factores explicativos del deterioro del fondo de comercio en los grupos cotizados españoles Olmo, Jorge Costa, Alicia Blasco Burriel, María Pilar normas internacionales deterioro de valor fondo de comercio impairment Goodwill international standards |
| title_short |
Factores explicativos del deterioro del fondo de comercio en los grupos cotizados españoles |
| title_full |
Factores explicativos del deterioro del fondo de comercio en los grupos cotizados españoles |
| title_fullStr |
Factores explicativos del deterioro del fondo de comercio en los grupos cotizados españoles |
| title_full_unstemmed |
Factores explicativos del deterioro del fondo de comercio en los grupos cotizados españoles |
| title_sort |
factores explicativos del deterioro del fondo de comercio en los grupos cotizados españoles |
| title_eng |
Factors explaining the impairment of goodwill in Spanish listed groups |
| description |
Objetivo. Analizar qué factores pueden influir en la decisión de reconocer o no pérdidas por deterioro del fondo de comercio cuando se detecte que su valor neto contable excede de su importe recuperable. Metodología. Se aplicó un modelo de regresión logística multivariable sobre una muestra de sociedades cotizadas, todas ellas dominantes de grupos de empresas que presentaban cuentas consolidadas en España durante el período 2014- 2018. Resultados. Las pérdidas obtenidas por la entidad, deterioros contabilizados en ejercicios anteriores, al igual que el tamaño, son aspectos que influyen de forma positiva en el reconocimiento de deterioro de valor del fondo de comercio. Conclusiones. Este trabajo detecta cierto comportamiento discrecional por parte de los directivos derivado de la complejidad que conlleva la realización de la prueba de deterioro de valor del fondo de comercio, además de su falta de precisión.
|
| description_eng |
Objective. To analyze which factors may influence the decision to recognize goodwill impairment losses when the net book value exceeds its recoverable amount. Methodology. A multivariate logistic regression model was applied to a sample of listed companies, all of them dominating groups of companies presenting consolidated accounts in Spain during the period 2014-2018. Results. The losses recorded by the entity, impairments booked in previous years, as well as size, are aspects that positively influence the recognition of goodwill impairment. Conclusions. This work detects a certain discretionary behavior on the part of managers due to the complexity involved in performing the goodwill impairment test, in addition to its lack of precision.
|
| author |
Olmo, Jorge Costa, Alicia Blasco Burriel, María Pilar |
| author_facet |
Olmo, Jorge Costa, Alicia Blasco Burriel, María Pilar |
| topicspa_str_mv |
normas internacionales deterioro de valor fondo de comercio |
| topic |
normas internacionales deterioro de valor fondo de comercio impairment Goodwill international standards |
| topic_facet |
normas internacionales deterioro de valor fondo de comercio impairment Goodwill international standards |
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9 |
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1 |
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Núm. 1 , Año 2022 : enero-junio |
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Sabaneta: Fundación Universitaria Ceipa, 2014- |
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Revista Perspectiva Empresarial |
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https://revistas.ceipa.edu.co/index.php/perspectiva-empresarial/article/view/767 |
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Español |
| format |
Article |
| rights |
info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0. https://creativecommons.org/licenses/by-nc-sa/4.0 Revista Perspectiva Empresarial - 2022 |
| references |
Petersen, C. and Plenborg, T. (2010). How Do Firms Implement Impairment Test of Goodwill? Abacus, 46(4), 419-446. https://doi.org/10.1111/j.1467-6281.2010.00326.x Beatty, A. and Weber, J. (2006). Accounting discretion in fair value estimates: An examination of SFAS 142 goodwill impairments. Journal of Accounting Research, 44(2), 257-288. https://doi.org/10.1111/j.1475-679X.2006.00200.x Blasco, P., Costa, A. y Montes, A. (2019). Deterioro del fondo de comercio en las normas internaciones: un estudio de una muestra de grupos cotizados. Revista Perspectiva Empresarial, 6(2), 36-58. https://doi.org/10.16967/23898186.599 Cañibano, L. y Herranz, F. (2021). El controvertido tratamiento contable del fondo de comercio. Revista Consejeros, 167, 26-29. Cavero, J.A., Amorós, A. and Collazo, A. (2021). Economic effects of goodwill accounting practices: systematic amortisation versus impairment test. Revista Española de Financiación y Contabilidad, 50(2), 224-245. https://doi.org/10.1080/02102412.2020.1778376 Chalmers, K.G., Godfrey, J.M. and Webster, J.C. (2011). Does a Goodwill Impairment Regime Better Reflect the Underlying Economic Attributes of Goodwill? Accounting and Finance, 51(3), 634-660. https://doi.org/10.1111/j.1467-629X.2010.00364.x Filip, A., Jeanjean, T. and Paugam, L. (2015). Using Real Activities to Avoid Goodwill Impairment Losses: Evidence and Effect on Future Performance. Journal of Business Finance & Accounting, 42(3), 515-554. https://doi.org/10.1111/jbfa.12107 Giner, B. and Pardo, F. (2015). How Ethical are Managers' Goodwill Impairment Decisions in Spanish-Listed Firms? Journal of Business Ethics, 132(1), 21-40. https://doi.org/10.1007/s10551-014-2303-8 Glaum, M., Landsman, W. and Wyrva, S. (2015). Determinants of goodwill impairment incidence and intensity: International evidence. Recuperado de https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2608425. https://doi.org/10.2139/ssrn.2608425 Hamberg, M., Paananen, M. and Novak, J. (2011). The adoption of IFRS 3: The effects of managerial discretion and stock market reactions. European Accounting Review, 20(2), 263-288. https://doi.org/10.1080/09638181003687877 Hayn, C. and Hughes, P.J. (2006). Leading Indicators of Goodwill Impairment. Journal of Accounting, Auditing & Finance, 21(3), 223-265. https://doi.org/10.1177/0148558X0602100303 Jahmani, Y., Dowling, W. and Torres, P.D. (2010). Goodwill Impairment: A New Window for Earnings Management? Journal of Business and Economics Research, 8(2), 19-24. https://doi.org/10.19030/jber.v8i2.669 Lapointe-Antunes, P., Cormier, D. and Magnan, M. (2008). Equity Recognition of Mandatory Accounting Chances: The Case of Transitional Goodwill Impairment Loss. Canadian Journal of Administrative Sciences, 25(1), 37-54. https://doi.org/10.1002/cjas.41 Li, K., and Sloan, R. (2017). Has goodwill accounting gone bad? Review of Accounting Studies, 22(2), 964-1003. https://doi.org/10.1007/s11142-017-9401-7 Mazzi, F., Liberatore, G. and Tsalavoutas, I. (2016). Insights on CFOs' Perceptions about Impairment Testing Under IAS 36. Journal Accounting in Europe, 13(3), 353-79. https://doi.org/10.1080/17449480.2016.1244341 Ramanna, K. and Watts, R.L. (2012). Evidence on the use of unverifiable estimates in required goodwill impairment. Review of Accounting Studies, 17(4), 749-780. https://doi.org/10.1007/s11142-012-9188-5 Abughazaleh, N.M., Al-Hares, O. and Roberts, C. (2011). Accounting discretion in goodwill impairments: UK evidence. Journal of International Financial Management and Accounting, 22(3), 165-204. https://doi.org/10.1111/j.1467-646X.2011.01049.x Riedl, E. (2004). An examination of long-lived asset impairments. The Accounting Review, 79(3), 823-852. https://doi.org/10.2308/accr.2004.79.3.823 Sevin, S. and Schroeder, R. (2005). Earnings management: Evidence from SFAS No. 142 reporting. Managerial Auditing Journal, 20(1), 47-54. https://doi.org/10.1108/02686900510570696 Siggelkow, L. and Zülch, H. (2013). What Drives Companies? An Analysis of Fixed Asset Write-offs in Europe in the Context of Different Institutional Settings. Recuperado de https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2198809. https://doi.org/10.2139/ssrn.2198809 Valero, J.I. (2017). Análisis de la discrecionalidad en el reconocimiento del deterioro del fondo de comercio: un estudio empírico. Madrid, España: Instituto de Contabilidad y Auditoría de Cuentas. Verriest, A. and Gaeremynck, A. (2009). What determines goodwill impairment? Review of Business and Economics, 54(2), 1-23. Wilson, G.P. (1996). Discussion Write-offs: Manipulation of Impairment? Journal of Accounting Research, 34, 171-177. https://doi.org/10.2307/2491432 Wines, G., Dagwell, R. and Windsor, C. (2007). Implications of the IFRS goodwill accounting treatment. Managerial Auditing Journal, 22(9), 862-880 https://doi.org/10.1108/02686900710829381 Avallone, F. and Quagli, A. (2015). Insight into the variables used to manage the goodwill impairment test under IAS 36. Advances in Accounting, 31(1), 107-114. https://doi.org/10.1016/j.adiac.2015.03.011 |
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