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dc.contributor.authorVallius, Suvi
dc.contributor.authorVirtanen, Aila
dc.contributor.authorRautiainen, Antti
dc.contributor.authorJärvenpää, Marko
dc.date.accessioned2019-04-04T09:46:02Z
dc.date.available2019-04-04T09:46:02Z
dc.date.issued2019fi
dc.identifier.citationVallius, S., Virtanen, A., Rautiainen, A., & Järvenpää, M. (2019). Goodwill and Ethics : Evidence from Finland. <em>Electronic Journal of Business Ethics and Organization Studies</em>, 24 (1), 8-18. Retrieved from <a href="http://ejbo.jyu.fi/pdf/ejbo_vol24_no1_pages_8-18.pdf">http://ejbo.jyu.fi/pdf/ejbo_vol24_no1_pages_8-18.pdf</a>fi
dc.identifier.otherTUTKAID_81088
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/63388
dc.description.abstractGoodwill appears as an intangible asset in the parent company balance sheet after purchasing a company, especially with big expectations of growth and synergy. However, there are ethical issues involved in presenting and accounting for goodwill. For example, if the manager pays too much for a company in the hubris of closing a deal in order to obtain his/her bonuses, the excess amount paid can currently be “hidden” into the parent company balance sheet under the name of goodwill. In this paper, we analyse the possible ethical dilemmas of goodwill accounting, valuation, impairments and risks. In particular, we ask, what ethical considerations are related to goodwill accounting, implied by goodwill changes and the relations between goodwill, risk and other fundamentals, such as profitability. Our empirical illustration, using Finnish small listed company data from 2007 to 2014, shows that high beta (indicating high business risk) correlates positively with high goodwill. This signals potential problems in the ethical and managerial practices and reflects heightened risks for the users of financial statements, such as analysts and auditors.fi
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherJyväskylän yliopisto, Business and Organization Ethics Network (BON)
dc.relation.ispartofseriesElectronic Journal of Business Ethics and Organization Studies
dc.relation.urihttp://ejbo.jyu.fi/pdf/ejbo_vol24_no1_pages_8-18.pdf
dc.rightsIn Copyright
dc.subject.otherlaskentatoimifi
dc.subject.otheretiikkafi
dc.subject.otherriskitfi
dc.subject.otherSuomifi
dc.subject.othergoodwillfi
dc.subject.otheraccountingfi
dc.subject.otherethicsfi
dc.subject.otherbusiness risksfi
dc.subject.otherFinlandfi
dc.titleGoodwill and Ethics : Evidence from Finlandfi
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201904012017
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineLaskentatoimi
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.date.updated2019-04-01T12:15:10Z
dc.description.reviewstatuspeerReviewed
dc.format.pagerange8-18
dc.relation.issn1239-2685
dc.relation.numberinseries1
dc.relation.volume24
dc.type.versionpublishedVersion
dc.rights.copyright© Business and Organization Ethics Network (BON), 2019
dc.rights.accesslevelopenAccessfi
dc.format.contentfulltext
dc.rights.urlhttp://rightsstatements.org/page/InC/1.0/?language=en


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