Iberian markets reaction to goodwill and goodwill impairments

Conference proceedings article


Research Areas

Publication Details

Author list: Maldonado, I., Pinho, C., Lobo, C. A.
Publication year: 2019
ISBN: 9788409084043
Languages: English-Great Britain (EN-GB)


This study aims to analyse in what extent goodwill and goodwill impairment losses are relevant to

the market value of Iberian listed companies in the period from 2006 to 2015. The sample includes

entities belonging to the PSI-20 index and the IBEX-25 index. Our results indicate that goodwill as

a significative and positive relation with market value, but when considering the goodwill

impairment, the analysis does not allow us to establish a relationship with market value. When

activity sectors are considered, the industries Basic Materials and Utilities present a high

relationship between market value and goodwill but regarding the relation between goodwill

impairment and market value our results are inconclusive.


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Last updated on 2019-13-08 at 00:46