经济与管理研究2017，Vol.38Issue(3)：122-132,11.DOI:10.13502/j.cnki.issn1000-7636.2017.03.013
商誉减值的价值相关性——基于中国A股市场的经验证据
Value Relevance of Goodwill Impairments: Empirical Evidence from Chinese A-Share Market
摘要
Abstract
Based on the data of listed A-share Chinese companies from 2007 to 2014,this paper examines the value relevance of goodwill impairments from the perspective of earnings management and the monitoring mechanism.The empirical results indicate that goodwill impairments are negatively associated with stock price and stock return,which proves that investors make negative judgments about goodwill impairments.Furthermore,the research reveals that value relevance of goodwill impairments is reduced in loss firms,and is enhanced in firms with higher internal control quality and higher audit quality.In conclusion,this study shows that goodwill impairments information has value relevance,influenced by earnings management incentives and monitoring mechanisms.关键词
商誉减值/价值相关性/盈余管理/内部控制/审计质量Key words
goodwill impairments/value relevance/earnings management/internal control/audit quality分类
管理科学引用本文复制引用
曲晓辉,卢煜,张瑞丽..商誉减值的价值相关性——基于中国A股市场的经验证据[J].经济与管理研究,2017,38(3):122-132,11.基金项目
国家社会科学基金重点项目"公允价值信息采集及指数构建研究"(13AJY005) （13AJY005）
教育部人文社会科学重点研究基地重大项目"国际趋同的公允价值计量模型及效果检验"(14JJD790008) （14JJD790008）
