E3S Web Conf.
Volume 198, 20202020 10th Chinese Geosynthetics Conference & International Symposium on Civil Engineering and Geosynthetics (ISCEG 2020)
|Number of page(s)||4|
|Section||Exploration and Innovation of Construction Engineering Technology|
|Published online||26 October 2020|
The impact of VAM on goodwill impairment —Based on civil engineering construction industry
Department of Accounting, Beijing jiaotong University, 100089, Beijing, China
* Corresponding author: firstname.lastname@example.org
Based on the background of the Ministry of Finance’s concern about the issue of goodwill impairment and the frequent outbreak of goodwill impairment risk, this paper analyzes the difference in the proportion of goodwill impairment during the valuation adjustment mechanism ( VAM ) period and after the VAM period, with a view to providing theoretical and data reference suggestions for the standard-setters and regulators on preventing goodwill impairment risk and improving the relevant regime of VAM, and also providing theoretical support and risk warning for stakeholders in M&A. Combining the normative research method and the empirical research method, this paper takes the merger and acquisition event completed by the A-share listed companies of civil engineering construction industry in 2014-2016 as the initial sample, and studies the difference in the proportion of goodwill impairment during the VAM period and after the VAM period. The conclusion of this paper is: In the merger and acquisition transaction with VAM, the proportion of goodwill impairment of listed companies after the VAM period are greater than that of the VAM period.
© The Authors, published by EDP Sciences 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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