本研究主要探討企業併購時,所認列的商譽採用減損後之會計處理是否具有價值攸關性,以及商譽與未來經營績效之關聯性。以我國上市櫃、興櫃與公開發行公司為研究對象,選取自2006年至2014年發生併購交易並產生正商譽之公司,共計119筆資料進行實證分析。 實證結果發現,商譽採用減損之會計處理後具有價值攸關性,且商譽認列對未來資產報酬率與純益率都具關聯性,代表併購後會有較佳的獲利能力,會使企業的經營績效提升。但本研究發現,商譽的認列並不會因為主併與目標公司間是否存在有社會網絡(相互持股、互為董監事等)或主併公司是否有設置審計委員會而影響企業未來經營績效。
This study examines whether goodwill based on the accounting treatment for asset impairments is value relevant. In addition, this study investigates whether goodwill recognized in business combinations is associated with firm’s future performance. Using the data from Taiwan-listed companies during 2006 to 2014, this study finds that goodwill is value relevant. This study also finds that the recognition of goodwill during business combinations is associated with the return on assets and net profit margin. Finally, this study do not find that social ties between acquirer and target firms or whether acquirer firm with an audit committee affect the association between goodwill and firm’s future performance.
為了持續優化網站功能與使用者體驗,本網站將Cookies分析技術用於網站營運、分析和個人化服務之目的。
若您繼續瀏覽本網站,即表示您同意本網站使用Cookies。