An examination of the voluntary recognition of acquired brand names in the United Kingdom

Karl A. Muller

doi:10.1016/s0165-4101(98)00035-4

An examination of the voluntary recognition of acquired brand names in the United Kingdom

Karl A. Muller

Accounting

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

40 Scopus citations

Abstract

This study examines UK firms' contracting cost incentives for capitalizing estimates of brand value. Results indicate that firms' decisions to capitalize acquired brands were influenced by the impact that the immediate write-off of goodwill to equity has on the London Stock Exchange's shareholder approval requirement for future acquisitions and disposals. These findings provide evidence of contracting costs that result from stock exchange mandated shareholder approval rules for planned transactions.

Original language	English (US)
Pages (from-to)	179-191
Number of pages	13
Journal	Journal of Accounting and Economics
Volume	26
Issue number	1-3
DOIs	https://doi.org/10.1016/s0165-4101(98)00035-4
State	Published - Jan 1999

All Science Journal Classification (ASJC) codes

Accounting
Finance
Economics and Econometrics

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10.1016/s0165-4101(98)00035-4

Cite this

@article{76a70cf6add445bdabc11cb10f94e5dd,

title = "An examination of the voluntary recognition of acquired brand names in the United Kingdom",

abstract = "This study examines UK firms' contracting cost incentives for capitalizing estimates of brand value. Results indicate that firms' decisions to capitalize acquired brands were influenced by the impact that the immediate write-off of goodwill to equity has on the London Stock Exchange's shareholder approval requirement for future acquisitions and disposals. These findings provide evidence of contracting costs that result from stock exchange mandated shareholder approval rules for planned transactions.",

author = "Muller, \{Karl A.\}",

note = "Funding Information: This paper is drawn from my dissertation. I appreciate the guidance and assistance of my dissertation committee: Dick Dietrich (Chair), William Maloney, Chris Olsen, Joshua Rosett, and Theodore Sougiannis. Helpful comments and suggestions were also provided by Ray Ball (the editor), Anne Beatty, Barry Cushing, Phil Drake, Cathy Finger, Dan Givoly, Glen Hansen, Carla Hayn, David Harris, Mary Harris, Roger Koenker, S.P. Kothari, Tom Linsmeier, Rama Ramamurthy, K. Ramesh, Doug Skinner, Richard Sloan (the referee and discussant), Mary Beth Stocken, Art Wyatt, Takashi Yaekura, Dave Ziebart, Jerold Zimmerman, London Stock Exchange staff, and workshop participants at the following universities: Alabama, California-Irvine, Illinois at Urbana-Champaign, Notre Dame, Penn State, and Utah. I also appreciate the financial assistance of Coopers and Lybrand and Richard D. and Anne Marie Irwin Foundation, and the data assistance of Datastream International. ",

year = "1999",

month = jan,

doi = "10.1016/s0165-4101(98)00035-4",

language = "English (US)",

volume = "26",

pages = "179--191",

journal = "Journal of Accounting and Economics",

issn = "0165-4101",

publisher = "Elsevier B.V.",

number = "1-3",

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AU - Muller, Karl A.

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PY - 1999/1

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N2 - This study examines UK firms' contracting cost incentives for capitalizing estimates of brand value. Results indicate that firms' decisions to capitalize acquired brands were influenced by the impact that the immediate write-off of goodwill to equity has on the London Stock Exchange's shareholder approval requirement for future acquisitions and disposals. These findings provide evidence of contracting costs that result from stock exchange mandated shareholder approval rules for planned transactions.

AB - This study examines UK firms' contracting cost incentives for capitalizing estimates of brand value. Results indicate that firms' decisions to capitalize acquired brands were influenced by the impact that the immediate write-off of goodwill to equity has on the London Stock Exchange's shareholder approval requirement for future acquisitions and disposals. These findings provide evidence of contracting costs that result from stock exchange mandated shareholder approval rules for planned transactions.

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UR - https://www.scopus.com/pages/publications/0001691992#tab=citedBy

U2 - 10.1016/s0165-4101(98)00035-4

DO - 10.1016/s0165-4101(98)00035-4

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AN - SCOPUS:0001691992

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JO - Journal of Accounting and Economics

JF - Journal of Accounting and Economics

IS - 1-3

ER -

An examination of the voluntary recognition of acquired brand names in the United Kingdom

Abstract

All Science Journal Classification (ASJC) codes

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