Publication: Análisis de la discrecionalidad en el reconocimiento del deterioro del fondo de comercio: un estudio empírico
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2017-01-11
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Universidad Complutense de Madrid
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Abstract
La modificación realizada en el año 2004 por el International Accounting Standards Board (IASB) de la normativa contable reguladora del reconocimiento del fondo de comercio y su deterioro – la Norma Internacional de Información Financiera nº 3 (NIIF 3) y la Norma Internacional de Contabilidad nº36 (NIC 36) – no parece haber alcanzado los objetivos perseguidos, a consecuencia de la utilización discrecional, por parte de gestores y administradores, de la flexibilidad otorgada por la normativa contable de deterioro, que se esperaba mejoraría la utilidad de la información financiera suministrada al mercado y transmitiría unas mayores cotas de información interna sobre los fundamentos económicos subyacentes en la firma y los flujos de efectivo futuros esperados. II. OBJETIVOS El objetivo principal de la tesis es contrastar empíricamente la existencia de discrecionalidad por parte de los gestores a la hora de contabilizar el deterioro del fondo de comercio y analizar los principales intereses corporativos que pueden conducir a dicha discrecionalidad estimando, cuantitativamente, su impacto en la decisión de deteriorar o no el fondo de comercio así como en la cuantía reconocida por deterioro de este activo. El ámbito territorial de nuestro estudio se centra en las empresas cotizadas en España, dada su pertenencia al ámbito de aplicación de las NIC-NIIF y su importancia cuantitativa, en términos de PIB, dentro de la zona euro, con objeto de aportar nuevas evidencias empíricas acerca de cómo los intereses corporativos afectan a las hipótesis empleadas en la valoración posterior del fondo de comercio y, por ende, en la decisión final de deteriorarlo o no así como en la cuantía por deterioro a reconocer, en el marco de las NIC-NIIF...
The amendment carried out by the International Accounting Standards Board (IASB) to the existing regulation of goodwill recognition and goodwill impairment losses – the International Financial Reporting Standards (IFRS) 3 and the International Accounting Standard (IAS) 36 – it does not seem to have properly attained the objectives pursued due to the discretionary use by managers and administrators of the flexibility provided for the IAS 36, where improvements were expected to be value relevant and to convey private information about underlying economics of the business and the expected future cash flows. II. OBJECTIVES The main objective of the thesis is to find empirical evidence about managerial discretion when assessing the impairment of goodwill and to analyse the main managerial and firm-level incentives that may lead to this discretionary use of the standard, estimating, in quantitative terms, its impact on the decision whether to impair or not the goodwill as well as on the registered amount of goodwill impairment losses. Our research focuses on Spanish listed companies, for being within the regulation of the IFRS and its quantitative importance, in terms of GDP, within the Eurozone, in order to provide new empirical evidences on how managerial and firmlevel incentives may affect the assumptions used in the assessment of goodwill impairment, hence in the final decision whether to impair or not and in the amount to be recognised, within the IFRS framework...
The amendment carried out by the International Accounting Standards Board (IASB) to the existing regulation of goodwill recognition and goodwill impairment losses – the International Financial Reporting Standards (IFRS) 3 and the International Accounting Standard (IAS) 36 – it does not seem to have properly attained the objectives pursued due to the discretionary use by managers and administrators of the flexibility provided for the IAS 36, where improvements were expected to be value relevant and to convey private information about underlying economics of the business and the expected future cash flows. II. OBJECTIVES The main objective of the thesis is to find empirical evidence about managerial discretion when assessing the impairment of goodwill and to analyse the main managerial and firm-level incentives that may lead to this discretionary use of the standard, estimating, in quantitative terms, its impact on the decision whether to impair or not the goodwill as well as on the registered amount of goodwill impairment losses. Our research focuses on Spanish listed companies, for being within the regulation of the IFRS and its quantitative importance, in terms of GDP, within the Eurozone, in order to provide new empirical evidences on how managerial and firmlevel incentives may affect the assumptions used in the assessment of goodwill impairment, hence in the final decision whether to impair or not and in the amount to be recognised, within the IFRS framework...
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Tesis inédita de la Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Departamento de Economía Financiera y Contabilidad II (Contabilidad), leída el 03/02/2016