Corporate Governance, Financial Indicators And Asset Impairments During The COVID-19 Pandemic Period

Thanyaluk Vichitsarawong; LiLi Eng

doi:10.1016/j.frl.2023.104627

Corporate Governance, Financial Indicators And Asset Impairments During The COVID-19 Pandemic Period

Thanyaluk Vichitsarawong
, LiLi Eng

Business and Information Technology

Research output: Contribution to journal › Article › peer-review

Abstract

This study examines the effect of corporate governance and financial indicators on long-lived asset and goodwill impairments during pre-COVID-19 and COVID-19 periods for a sample of United States (U.S.), France, Germany and the United Kingdom (U.K.). We find that goodwill impairment is greater during the COVID-19 than the pre-COVID-19 periods for all four countries, and long-lived asset impairment is greater during the COVID-19 period for the U.S. and the U.K. The effects of corporate governance on asset impairments and the effects of short-term financial indicators (cash flow and/or sales) and long-term financial indicators (stock returns) vary by country.

Original language	American English
Journal	Finance Research Letters
Volume	58
DOIs	https://doi.org/10.1016/j.frl.2023.104627
State	Published - Dec 1 2023

Keywords

Asset impairment
COVID-19
Corporate governance
Financial indicators
Goodwill impairment

Disciplines

Business
Management Information Systems

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https://doi.org/10.1016/j.frl.2023.104627

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title = "Corporate Governance, Financial Indicators And Asset Impairments During The COVID-19 Pandemic Period",

abstract = " This study examines the effect of corporate governance and financial indicators on long-lived asset and goodwill impairments during pre-COVID-19 and COVID-19 periods for a sample of United States (U.S.), France, Germany and the United Kingdom (U.K.). We find that goodwill impairment is greater during the COVID-19 than the pre-COVID-19 periods for all four countries, and long-lived asset impairment is greater during the COVID-19 period for the U.S. and the U.K. The effects of corporate governance on asset impairments and the effects of short-term financial indicators (cash flow and/or sales) and long-term financial indicators (stock returns) vary by country.",

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AU - Vichitsarawong, Thanyaluk

AU - Eng, LiLi

PY - 2023/12/1

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N2 - This study examines the effect of corporate governance and financial indicators on long-lived asset and goodwill impairments during pre-COVID-19 and COVID-19 periods for a sample of United States (U.S.), France, Germany and the United Kingdom (U.K.). We find that goodwill impairment is greater during the COVID-19 than the pre-COVID-19 periods for all four countries, and long-lived asset impairment is greater during the COVID-19 period for the U.S. and the U.K. The effects of corporate governance on asset impairments and the effects of short-term financial indicators (cash flow and/or sales) and long-term financial indicators (stock returns) vary by country.

AB - This study examines the effect of corporate governance and financial indicators on long-lived asset and goodwill impairments during pre-COVID-19 and COVID-19 periods for a sample of United States (U.S.), France, Germany and the United Kingdom (U.K.). We find that goodwill impairment is greater during the COVID-19 than the pre-COVID-19 periods for all four countries, and long-lived asset impairment is greater during the COVID-19 period for the U.S. and the U.K. The effects of corporate governance on asset impairments and the effects of short-term financial indicators (cash flow and/or sales) and long-term financial indicators (stock returns) vary by country.

KW - Asset impairment

KW - COVID-19

KW - Corporate governance

KW - Financial indicators

KW - Goodwill impairment

UR - https://scholarsmine.mst.edu/bio_inftec_facwork/586

UR - https://doi.org/10.1016/j.frl.2023.104627

U2 - 10.1016/j.frl.2023.104627

DO - 10.1016/j.frl.2023.104627

M3 - Article

VL - 58

JO - Finance Research Letters

JF - Finance Research Letters

ER -

Corporate Governance, Financial Indicators And Asset Impairments During The COVID-19 Pandemic Period

Abstract

Keywords

Disciplines

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