首页 | 本学科首页   官方微博 | 高级检索  
     检索      


The implications of unverifiable fair-value accounting: Evidence from the political economy of goodwill accounting
Authors:Karthik Ramanna  
Institution:aHarvard Business School, Harvard University, Boston, MA 02163, USA
Abstract:I study the evolution of SFAS 142, which uses unverifiable fair-value estimates to account for acquired goodwill. I find evidence consistent with the FASB issuing SFAS 142 in response to political pressure over its proposal to abolish pooling accounting. The result is interesting given this proposal was due in part to SEC concerns over pooling misuse. I also find evidence consistent with lobbying support for SFAS 142 increasing in firms’ discretion under the standard. Agency theory predicts such unverifiable discretion can be used opportunistically.
Keywords:Accounting standard setting  Fair values  Politics  SFAS 142
本文献已被 ScienceDirect 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号