Search results for "Goodwill"
showing 10 items of 19 documents
L’actionnariat des salariés influence-t-il la rémunération des dirigeants ?
2017
International audience; Cet article étudie la relation entre les composantes variables de la rémunération en actions de l’entreprise des dirigeants et des actionnaires salariés. En utilisant un échantillon de données issu du SBF 120 sur la période 2004-2009, nous étudions en particulier : (i) la relation entre le montant des stock-options attribuées aux dirigeants et l’actionnariat salarié ; (ii) la relation entre le rapport du montant des stock-options sur la rémunération totale des dirigeants et l’actionnariat salarié. La relation est significativement négative dans les deux cas montrant que l’actionnariat salarié tend à limiter la composante stok-options de la rémunération des dirigeants…
Goodwill and Criteria for its Recognition in Financial Statements
2004
The article summarises a research on goodwill which is one of the most controversial assets. The research includes a comparison between the descriptions of the economic nature of goodwill and an analysis of various valuation methods and accounting policies. The article discusses the internationally recognised problem that there coexist several accepted methods of accounting for goodwill arising from the acquisition of an enterprise, as a result of which the accountancy data of different enterprises and countries are incomparable.
Measuring Brand Value: The Case of Romanian Public Traded Companies
2018
Abstract Today most of the world's products benefit from a huge success because of a big brand. If in the past this was the case for the luxury industry where the power of branding it's reaching the consumer in the most impactful way. First by the mystery surrounding the brand, then by keeping the consumer as loyal as possible, the result being huge revenues for this brands, for, eg. LVMH, the largest group by revenue. But things are no longer the same, today the power of branding and huge revenues moved to another industry flourished, tech industry, where companies like Apple, Google, Facebook, Amazon, dominate their sectors benefiting from a strong brand name.
Goodwill impairments and the value relevance of goodwill of the small listed companies in Finland
2016
Tutkimuksen tavoitteena on tarkastella, miten liikearvon arvo määräytyy ja onko liikearvo arvorelevanttia. Kohdeyritysten taloudellisten tietojen ja niiden analysoinnin pohjalta on tarkoituksena selvittää, onko liikearvon ja yrityksen markkina-arvon välillä yhteys sekä miten liikearvon määrä on vaihdellut kohdeyritysten taseissa vuosina 2007-2014. Tavoitteena on myös selvittää, miten markkinat suhtautuvat liikearvon arvonalentumiskirjauksiin. Tutkimusmenetelmä on kvantitatiivinen tutkimus, jossa on myös ominaispiirteitä field-tutkimuksesta. Tutkimusaineisto koostuu kirjallisuuden lisäksi kohdeyritysten tilinpäätöstiedoista sekä muusta taloudellisesta informaatiosta, kuten pörssikurssitiedoi…
The Cost of Ownership in Microfinance Organizations
2009
Accepted version of article published in the journal: World Development Published version available on Science Direct: http://dx.doi.org/10.1016j.worlddev.2008.03.006 We compare the ownership-cost of shareholders firms (SHFs), non-profit organizations (NPOs), and cooperatives (COOPs) invoked in microfinance. A paradoxical situation motivates us: most providers, both historically and today, are NPOs or COOPS,while policy papers advocate SHFs, We lay out it theoretical framework to understand ownership-costs in microfinance organizations (MFOs) better. We propose that cost-variable related to market contracting favor NPOs and COOPS, whereas most cost-variables related to the practice of owner…
Voluntad política para un tiempo de reformas: Presupuestos previos para abordar una reforma constitucional
2019
The vast majority of Spaniards is in favor of a constitutional reform. Before the undertaking of this reform, there are some previous conditions that need to be granted: a rational debate on ideas; a reduction of the political and social tension; a common goodwill to reach a consensus; and some loyalty during negotiations. As many other scholars, the author agrees that instead of talking about a constitutional reform, it would be more adequate to talk about some constitutional reforms, that should be undertaken gradually. He also stresses that these reforms do not imply the opening of a new constituent process. In addition, he underlines the fact that the Catalan crisis should not be the tr…
Changes in the value relevance of goodwill accounting following the adoption of IFRS 3
2014
Abstract This study examines the value relevance effects of changes in goodwill accounting in a European setting. International Financial Reporting Standard (IFRS) 3 replaced accounting rules that emphasized goodwill amortization over short useful lives which kept goodwill balances low. Goodwill accounting under IFRS 3 largely relies on manager fair value estimates of acquired business units. Using Swedish data, we show that goodwill amortizations were not value-relevant prior to the adoption of IFRS 3. However, impairments reported in addition to amortization were significantly related to stock returns during that period. In contrast, under the impairment-only regime prescribed by IFRS 3, …
Lyties dimensija socialiniame versle: Lietuvos socialinių verslininkių patirtys
2017
Straipsnyje nagrinėjama, kaip moterys – socialinės verslininkės – suvokia socialinį verslą ir lyties dedamąją tokiame versle. Interviu (n=18) su socialinių verslų Lietuvoje atstovėmis analizė parodė, kad socialinio verslo misija yra arba labai pragmatiška (organizacijų, turinčių socialinės įmonės juridinį statusą), atsiejama nuo socialinio poveikio, kurį tokie verslai paprastai kuria, arba gana neapibrėžta, tačiau akcentuojanti gėrio kūrimą. Tačiau į lyties dedamąją socialiniuose versluose žvelgiama stereotipiškai, t. y. lyties poveikis arba ignoruojamas, arba interpretuojamas stereotipiškai skirstant į tradiciškai laikomas vyriškomis ir moteriškomis veiklos sritis. This paper explores how …
Measuring Firm Performance: Testing a Proposed Model
2018
Abstract Firm performance is a very complex and exhaustive concept. It can be related to many factors: starting with variables from balance sheet, income statement or cash-flow statement, continuing with research and development expenses or IT competences, and last but not least with intangible assets like human capital, goodwill, or brand value. The purpose of the present paper is to develop and test a model in order to measure firm performance by considering US companies that are ranked into the Global Fortune 500. In this study we used control variables (assets growth rate, net income growth rate and revenue growth rate) and depended variables – return on assets (ROA), debt to equity, re…
OS ECJ-TF 2/2017 on the ECJ Decision of 21 December 2016 in World Duty Free Group and Others (Joined Cases C-20/15 P and C-21/15 P), Concerning the R…
2017
This article deals with the decision taken by the Grand Chamber of the Court of Justice of the European Union in World Duty Free Group (formerly Autogrill Espana); Banco Santander and Santusa Holding (Joined Cases C-20/15 P and C-21/15 P), on 21 December 2016, following decisions of the General Court of the European Union of 7 November 2014 in Autogrill Espana and of 7 November 2014 in Banco Santander and Santusa and the Opinion of Advocate General Wathelet of 28 July 2016. The case concerned Spanish tax rules that allowed Spanish enterprises tax amortization of financial goodwill arising from the acquisition of shareholdings in foreign companies, but not from the acquisition of shareholdin…