科学研究
报告题目：Goodwill Impairment at the Target Level: New Evidence from China
报告人：辛清泉
报告时间：2026年5月9日（周六）14:30-15:30
报告地点：劝学楼245
主办单位：东北财经大学会计学院 辽宁省资本市场财务与会计研究生创新与学术交流中心
【报告摘要】
Research on goodwill impairment has long been constrained by the lack of target-level data, with prior studies relying on firm-level proxies that introduce substantial measurement error. We exploit Chinese merger and acquisition disclosures that allow us to observe both the earnings forecasts used to value acquisition targets and the realized earnings of those targets. This setting enables us to develop an earnings-based indication of goodwill impairment at the target level. Using 668 acquisitions by Chinese listed firms from 2009 to 2022, we find that the indication is strongly associated with impairment recognition. Impairment recognition is associated with weaker future target performance, consistent with managers conveying private information. Meanwhile, managers facing stronger agency-driven incentives are less likely to recognize impairment timely. Our study advances the goodwill impairment from the firm level to the target level, which helps to better understand the triggering mechanism of impairment and the roles of goodwill accounting.
【报告人简介】
辛清泉，重庆大学经济与工商管理学院会计学教授，博士生导师，教育部“国家重大人才工程”特聘教授（2019）、财政部会计名家培养工程入选者（2019）。研究领域为会计、审计、证券监管与公司治理，学术论文见诸于全球顶尖会计学期刊The Accounting Review、全球知名SSCI期刊British Accounting Review、Journal of Corporate Finance、Journal of Business Ethics，以及国内权威期刊《会计研究》《金融研究》《南开管理评论》《经济研究》《管理世界》《经济学季刊》等。2020年，辛清泉教授学术成果获得教育部第八届人文社科优秀成果奖二等奖，博士论文获得2009年全国优秀博士论文提名。现任重庆大学社科处长，期刊社社长、总编，《当代会计评论》副主编，《珞珈管理评论》领域（会计）主编，《中国会计评论》特邀编委，《会计与经济研究》编委。
【特别提醒】
未经论文作者和主办方允许，严禁将讲座内容录制并公开传播，违者将有可能被追究法律责任。
