PERTINENCE DU GOODWILL ACQUIS AU REGARD DES RESULTATS RESIDUELS NETS ET ADDITIONNELS: RELATION THEORIQUE ET ETUDE EMPIRIQUE SUR LE MARCHE FRANCAIS

Côme Segrétain () and Denis Cormier ()
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Côme Segrétain: LEM - Lille - Economie et Management - Université de Lille, Sciences et Technologies - CNRS - Centre National de la Recherche Scientifique
Denis Cormier: UQAM - Université du Québec à Montréal = University of Québec in Montréal

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Abstract: In this paper, we investigate whether the acquired goodwill is generating future earnings in two components: net income and Other Comprehensive Income. We decompose the goodwill as Johnson and Petrone (1998) and formalize, based on the residual income valuation model (Ohlson, 1995), a theoretical link between acquired goodwill and subsequent residual comprehensive income. Generalized least squares regressions conducted on companies constituting the SBF 120, for the period 2005 to 2008, show a significant association between acquired goodwill and subsequent residual income of acquiring firms, on the two components of earnings (Net Income and OCI), and also with the Market to Book ratio.

Keywords: goodwill; residual income; Ohlson model; comprehensive income; goodwill acquis; résultats résiduels; modèle d’Ohlson; résultat global (search for similar items in EconPapers)
Date: 2014-05-27
Note: View the original document on HAL open archive server: https://hal.science/hal-01899436
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Published in Mesure, évaluation, notation – les comptabilités de la société du calcul, May 2014, lille, France. pp.cd-rom

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