Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/147398
Title: AN EXAMINATION OF GOODWILL IMPAIRMENTS IN SINGAPORE
Authors: LEO TONG SENG ANDREW
Issue Date: 2010
Citation: LEO TONG SENG ANDREW (2010). AN EXAMINATION OF GOODWILL IMPAIRMENTS IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: This study examines the effects of the adoption of FRS 103 on the determinants of goodwill impairments in Singapore. Specifically, I contrast the associations of goodwill impairments with managerial incentives and economic factors across the pre-FRS 103 and post-FRS 103 regimes. The inherently subjective valuations of goodwill and the requirement for annual impairment tests in FRS 103 may affect the information content of goodwill impairments across regimes. Differences in method of estimating goodwill, firm characteristics, and the institutional environment are possible factors that may cause these associations in Singapore to differ from those in the United States. I do not find any evidence that the associations between goodwill impairments and managerial incentives/ economic factors differ significantly across the pre-FRS 103 and post-FRS 103 regimes. In addition, goodwill impairments reported within each regime do not have significant associations with managerial incentives/ economic factors. My findings suggest that the new requirements of FRS 103, such as the annual impairment tests, do not have a significant effect on the information content of goodwill impairments in Singapore. It is posited that results of this study may be explained by the firm characteristics and institutional environment in Singapore. Therefore, future research which examines how firm characteristics and the institutional environment influence the determinants of goodwill impairments in the post-IFRS 3 regime across countries that adopt the IASB standard will likely provide additional information for academics and accounting policy makers. Similar research can also be done to contrast the determinants of SFAS 142 and IFRS 3 goodwill impairments. This thesis contributes to the existing literature on goodwill impairments by providing an IASB perspective observed in firms operating under Singapore’s institutional environment.
URI: http://scholarbank.nus.edu.sg/handle/10635/147398
Appears in Collections:Bachelor's Theses

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