Is older goodwill value relevant?

Is goodwill value relevant - A Danish perspective

Based on data from the Danish Stock Exchange, this paper analyses the value relevance of goodwill and goodwill amortization. Until Danish accounting legislation was changed as of January 1, 2002 companies were allowed to write-off goodwill or capitalize it subject to amortization, which provided a richer information set, as goodwill must be capitalized under most other accounting regimes. The v...

Is Management Quality Value Relevant?

Using a unique database of management ratings over a 14 year period, we find that quality of management is value relevant in that better managed firms have lower cost of equity, higher market valuations, more stable earnings, and higher profitability that persists over time. Paradoxically, while good management appears to be associated with lower subsequent market returns, this is entirely cons...

Why is Web Traffic Value-Relevant for Internet Firms?

Rajgopal and Kotha appreciate funding from the University of Washington. Mohan Venkatachalam appreciates funding from the Stanford University. We acknowledge Nola Jean Bamberry's editorial assistance. Abstract We contribute three important insights to the literature on the value-relevance of web traffic for Internet Business to Consumer (B2C) firms. First, we demonstrate that the value-relevanc...

Science and International Goodwill

P-value: What is and what is not

The misinterpretation and misuse of p-value have been increasing for decades. In March 2016, the American Statistical Association released a statement to warn about the use and interpretation of p-value. In this study, we provided a definition and discussion of p-value and emphasized the importance of its accurate interpretation.