The reaction of firms to AAS 18 accounting for goodwill

Daley, Michele, J. (1985). The reaction of firms to AAS 18 accounting for goodwill Honours Thesis, Dept. of Commerce, The University of Queensland.

       
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Author Daley, Michele, J.
Thesis Title The reaction of firms to AAS 18 accounting for goodwill
School, Centre or Institute Dept. of Commerce
Institution The University of Queensland
Publication date 1985
Thesis type Honours Thesis
Total pages 91
Language eng
Subjects 14 Economics
Formatted abstract This Study considers the reaction of firms to AAS 18 Accounting for Goodwill. The reaction of firms to the standard is documented and a theoretical explanation of firms' reactions based on economic consequences theory is developed. The evidence indicates few firms reacted to AAS 18 and that only a small proportion of those utilized the transitional provisions in the way intended by the standard setters. The only persistent association found is that firms which reacted to the standard were larger and had lower interest coverage ratios than firms which did not react. This evidence is consistent with firms reactions being determined by the economic consequences of restrictions in debt convenants and political costs.

 
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