期刊论文

中文

武汉轻工大学学报

2095-7386

2020

39

1

82-89,96

10.3969/j.issn.2095-7386.2020.01.016

2017年武汉轻工大学校立重点项目（2017y38）；

本校为第一机构

我国2006年颁布的企业会计准则将商誉作为一项资产列入资产负债表中,其数额为并购时被购买方可辨认净资产公允价值与购买方实际支付的差额。在并购后确认为资产的商誉究竟能不能为企业带来超额利润,管理层认知能否产生影响,都是值得研究的课题。本论文基于2015—2018年深市A股上市公司的财务数据,对高管自信时并购商誉与企业绩效之间的关系进行了实证研究。结果表明,在高管自信时,并购商誉可以为企业带来超额收益。而作为对比,在企业高管不看好自身企业发展前景时,并购商誉往往会拉低企业的绩效。

The accounting standards for business enterprises issued in 2006 include goodwill as an asset in the balance sheet,and its amount is the difference between the fair value of net assets and the actual payment at the time of merger and acquisition.Whether the goodwill recognized as assets after M&A can bring excess profits to the enterprise,and whether the management’s cognition can have an impact,are all worthy of study.Based on the financial data of A-share listed companies in Shenzhen stock market from 2015 to 2018,this paper makes an empiric...