Corporate Governance, Financial Indicators And Asset Impairments During The COVID-19 Pandemic Period
Abstract
This study examines the effect of corporate governance and financial indicators on long-lived asset and goodwill impairments during pre-COVID-19 and COVID-19 periods for a sample of United States (U.S.), France, Germany and the United Kingdom (U.K.). We find that goodwill impairment is greater during the COVID-19 than the pre-COVID-19 periods for all four countries, and long-lived asset impairment is greater during the COVID-19 period for the U.S. and the U.K. The effects of corporate governance on asset impairments and the effects of short-term financial indicators (cash flow and/or sales) and long-term financial indicators (stock returns) vary by country.
Recommended Citation
Vichitsarawong, T., & Eng, L. (2023). Corporate Governance, Financial Indicators And Asset Impairments During The COVID-19 Pandemic Period. Finance Research Letters, 58 Elsevier.
The definitive version is available at https://doi.org/10.1016/j.frl.2023.104627
Department(s)
Business and Information Technology
Keywords and Phrases
Asset impairment; Corporate governance; COVID-19; Financial indicators; Goodwill impairment
International Standard Serial Number (ISSN)
1544-6123
Document Type
Article - Journal
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2023 Elsevier, All rights reserved.
Publication Date
01 Dec 2023
