دانلود رایگان مقاله توانایی مدیریتی و نقصان سرقفلی

abstract

This study examines the relationship between managerial ability and goodwill impairment. I predict a negative relationship because prior studies suggest that more-able managers better prevent or reduce goodwill impairment, relative to less-able managers. Regression analysis reveals a significant and negative relationship between managerial ability and goodwill impairment measured as the likelihood of goodwill impairment and the magnitude of goodwill impairment losses. Overall, evidence suggests that managers with greater ability play an important role in preventing or reducing goodwill impairment.

7. Conclusion

In this study, I examine the relationship between managerial ability and goodwill impairment. After controlling for managers' opportunistic behavior, the regression analysis reveals a negative relationship between managerial ability and goodwill impairment measured as the likelihood of goodwill impairment and the magnitude of goodwill impairment losses after goodwill impairment occurs. Findings suggest that more-able managers better prevent goodwill impairment and better reduce the magnitude of goodwill impairment losses, relative to less-able managers. I also perform various additional tests to address potential endogeneity issues. Additional tests provide consistent results. It is difficult to measure managerial ability because it is multidimensional. The managerial ability index scores by Demerjian et al. (2012) are an approximate measure of management performance. More precise measures of management performance may yield stronger results. Readers need to exercise caution when generalizing the conclusions.