The Association of Identifiable Intangible Assets Acquired and Recognised in Business Acquisitions with Postacquisition Firm Performance

29 Pages Posted: 18 Jan 2016

See all articles by Wun-Hong Su

Wun-Hong Su

University of Technology Sydney (UTS) - School of Accounting

Peter Alfred Wells

University of Technology Sydney, Accounting Discipline Group ; Financial Research Network (FIRN)

Date Written: December 2015

Abstract

This paper extends the literature evaluating accounting practices for identifiable intangible assets and considers whether the application of these accounting practices changed on transition to IFRS. It finds no evidence of identifiable intangible assets acquired and recognised in business acquisitions being associated with postacquisition firm performance or changes in postacquisition firm performance, either before or after transition to IFRS. This is inconsistent with the requirements of regulations such as IFRS 3 Business Combinations and IAS 38 Intangible Assets, and there is no empirical evidence supporting the present regulatory distinction between acquired and internally generated and revalued identifiable intangible assets.

Keywords: Identifiable intangible assets, IFRS 3, IAS 38

Suggested Citation

Su, Wun-Hong and Wells, Peter Alfred, The Association of Identifiable Intangible Assets Acquired and Recognised in Business Acquisitions with Postacquisition Firm Performance (December 2015). Accounting & Finance, Vol. 55, Issue 4, pp. 1171-1199, 2015, Available at SSRN: https://ssrn.com/abstract=2716408 or http://dx.doi.org/10.1111/acfi.12086

Wun-Hong Su (Contact Author)

University of Technology Sydney (UTS) - School of Accounting ( email )

P.O. Box 123
Broadway NSW 2007
Australia

Peter Alfred Wells

University of Technology Sydney, Accounting Discipline Group ( email )

P.O. Box 123
Broadway NSW 2007
Australia
+61 (02) 9514 3628 / 3629 (Phone)
+61 (02) 9514 5515 (Fax)

Financial Research Network (FIRN)

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Queensland
Australia

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