Vol 7

Nhung, D.T.H - The Impact of Goodwill Information on the Average Growth of Market Value of Companies Listed on Vietnam's Stock Market

Thứ năm - 29/07/2021 20:21
Keywords: Goodwill, Average growth, market value
Various researches in developed countries have demonstrated that goodwill information on financial statements affects the market value of listed companies (Chauvin, 1994; Qureshi and Ashraf, 2013; McCarthy and Schneider, 1995). This study was conducted to verify the impact of goodwill information stated in the consolidated financial statements on the average growth of market value of com-panies listed on Vietnam's stock market. The data of this study were collected from 109 companies over the period of 8 years from 2010 to 2017. The results of the study show that the companies that reported their increase of goodwill in the consolidated financial statements had a higher average growth of market value than the companies which did not have an increased goodwill. This suggests the companies should focus on disclosing their goodwill information.
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