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dc.contributor.authorCasta, Jean-François
dc.contributor.authorStolowy, Hervé
dc.contributor.authorPaugam, Luc
dc.date.accessioned2011-03-17T17:22:37Z
dc.date.available2011-03-17T17:22:37Z
dc.date.issued2011
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/5769
dc.language.isoenen
dc.subjectResidual income modelen
dc.subjectChoquet integralen
dc.subjectSynergyen
dc.subjectGoing concern goodwillen
dc.subjectInternally generated goodwillen
dc.subject.ddc657en
dc.subject.classificationjelG12en
dc.subject.classificationjelM41en
dc.subject.classificationjelM40en
dc.titleNon-additivity in accounting valuation: Internally generated goodwill as an aggregation of interacting assetsen
dc.typeCommunication / Conférence
dc.contributor.editoruniversityotherHEC- (GREGH);France
dc.description.abstractenIn this paper we propose a new method to explain the creation and measure the value of internally generated goodwill (IGG). Our method is based on the idea that firm value is affected by interactions between assets used in combination to conduct business. This novel approach contrasts with the traditional additive approaches to valuing IGG, which assume assets are independent. We use Choquet capacities, i.e., non-additive aggregation operators, to explain the creation of IGG, and demonstrate from a sample of U.S. high technology sector firms that this model performs better than the traditional additive Ohlson model on accuracy in forecast enterprise value.en
dc.identifier.citationpages48en
dc.identifier.urlsitehttp://halshs.archives-ouvertes.fr/halshs-00541525/fr/en
dc.description.sponsorshipprivateouien
dc.subject.ddclabelContrôle de gestion Comptabilitéen
dc.relation.conftitle34th Annual Congress of the European Accounting Association (EAA 2011)
dc.relation.confdate2011-04
dc.relation.confcityRome
dc.relation.confcountryItalie


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