Peer effect in the initial recognition of goodwill

This study investigates the peer effect in the initial recognition of goodwill. We find that firms imitate their peers in the initial recognition of goodwill. The higher the tendency for imitation, the higher the proportion of goodwill recognized. Imitation behavior in the initial recognition of goo...

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Bibliographic Details
Main Authors: Liping Xu, Yueqin Guan, Zhihong Fu, Yu Xin
Format: Article
Language:English
Published: Elsevier 2020-03-01
Series:China Journal of Accounting Research
Online Access:http://www.sciencedirect.com/science/article/pii/S1755309120300010