...Dirk E. Black; Jake Krupa; Miguel Minutti-Meza ABSTRACT International and U.S. accounting standards mandate a one-step quantitative impairment test for goodwill and other indefinite-lived intangibles, but U.S. standards allow an optional qualitative assessment before the quantitative test...

... document that acquirers increase disclosure for larger M&A and reduce disclosure for increasing M&A materiality and extreme amounts of goodwill recognized on the transaction. By disentangling mandatory and voluntary disclosure, empirical evidence shows that the latter is sensitive to more M...