The Value Relevance of Intangible Assets and the Mandatory Adoption of IFRS

Details

Serval ID
serval:BIB_E2A682D1AE3F
Type
Report: a report published by a school or other institution, usually numbered within a series.
Publication sub-type
Working paper: Working papers contain results presented by the author. Working papers aim to stimulate discussions between scientists with interested parties, they can also be the basis to publish articles in specialized journals
Collection
Publications
Title
The Value Relevance of Intangible Assets and the Mandatory Adoption of IFRS
Author(s)
Morricone S., Oriani F., Sobrero M.
Institution details
Social Science Electronic Pub
Issued date
2009
Language
english
Abstract
Using a sample of Italian publicly traded firms in the period of 1996-2006, we analyze whether and to what extent the mandatory adoption of IFRS has affected the value relevance of intangible assets. Prior literature has claimed that IFRS adoption should improve the quality of accounting information and reduce information asymmetries. We find a statistically significant decrease in the value relevance of intangible assets, and in particular of goodwill, after the IFRS adoption. In contrast, in the Italian setting investors’ evaluation of R&D expenditures seems not to be value relevant under either accounting standards.

Keywords
intangible assets, IFRS adoption, goodwill, impairment test, R&D, IAS 38
Create date
10/10/2017 15:17
Last modification date
20/08/2019 16:06
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