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Title:	Family and government influence on goodwill impairment :evidence from Malaysia
Authors:	Noraini Omar (ZP00303)
Supervisor:	Norman Mohd Saleh, Professor Dr.
Keywords:	Universiti Kebangsaan Malaysia -- Dissertations Dissertations, Academic -- Malaysia Goodwill (Commerce) -- Accounting Goodwill (Commerce) -- Malaysia
Issue Date:	5-Apr-2012
Description:	Prior studies suggest that managers have the tendency to recognize goodwill impairment loss to signal future decline in performance or as a means of earnings management. This study argues that family and government ownership may have significant influence on the recognition of goodwill impairment loss. Using a sample of 579 firm-year observations from year 2006-2008, logistic and Tobit regressions were used to test the hypotheses in this study. The evidence suggests that family controlled firms are more likely to impair goodwill than non-family controlled firm. However, the effect is not significant for government controlled firms. In addition, firms that are expected to engage in income smoothing behaviour significantly reported higher magnitude of goodwill impairment loss than firms that are not expected to engage in income smoothing behaviour. The results also show that, in general, firms are more likely to recognize and record higher goodwill impairment loss in their first year of adoption than in the years afterwards. Consistent with prior studies, return on assets, change in return on assets, leverage and prior period amortization policy were found to be negatively associated with the likelihood to impair and the magnitude of goodwill impairment loss. Changes of CEO, firm size, CEO duality and CEO tenure are positively associated with goodwill impairment recognition. The result of this study contributes to current literature by providing evidence that family-controlled firm has a higher influence on goodwill impairment standard. Therefore, a stricter implementation of good corporate governance practices may restrict managers' activities to manipulate earnings, particularly in family-controlled firm.,Certification of Masters/ Doctorial Thesis" is not available
Pages:	146
Call Number:	HF5681.G6N646 2012 tesis
Publisher:	UKM, Bangi
Appears in Collections:	Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan

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