Research On The Economic Consequences Of Consolidated Goodwill Information Disclosure And Its Governance Optimization

In the process of Chinese rapid economic development,many enterprises choose to acquire or even maintain their own advantages in the fierce capital market competition by means of mergers and acquisitions,and consolidate their positions,so as to obtain long-term sustainable development of enterprises.What’s more,listed companies are willing to carry out mergers and acquisitions at super high premiums in order to seek their own growth,strength and diversification,resulting in a huge accumulation of goodwill in the capital market,and the risk of goodwill impairment is imminent.The huge amount of goodwill accumulated continuously not only affects the public’s judgment of the enterprise,but also brings huge risks to the survival and development of the enterprises themselves.How to obtain the information on the impairment of the goodwill during the business combination in a timely manner and how to distinguish the appropriateness of the amount of impairment in the business combination is a difficult problem for many companies and scholars.Therefore,the article takes Dalian Zeus Entertainment Co.,Ltd’s goodwill impairment incident as a specific case.First,it analyzes the market’s reaction to the disclosure of consolidated goodwill impairment information by introducing the event research method,and expounds the impact of the incident on the company’s own financial indicators through data analysis.Based on this,this thesis analyzes the governance causes of the failure of consolidated goodwill information disclosure,and finally optimizes the design of the consolidated goodwill governance system.During this process,it is found that Dalian Zeus Entertainment Co.,Ltd’s failure in consolidated goodwill information disclosure is manifested in:(1)Evaluation of merger and acquisition targets Insufficient disclosure of method basis;(2)lack of basis for disclosure of performance commitment information;(3)lack of detailed disclosure of consolidated goodwill recognition and impairment basis,etc.,which makes the enterprise more arbitrary when accruing the amount of goodwill impairment loss and subjectivity,affecting the accuracy and timeliness of information users obtain.In response to these problems,this thesis proposes effective factors to improve the content of information disclosure of consolidated goodwill,that is,in terms of the content of information disclosure,it puts forward suggestions on the information disclosure of listed companies from the aspects of initial confirmation of goodwill,business performance,etc.,and the participation in information disclosure.The regulators and regulators also made targeted recommendations.Guide mergers and acquisitions to reasonably choose evaluation methods,scientifically use performance commitments,improve goodwill impairment testing procedures,and strengthen corporate internal control and supervision,so as to improve the quality of disclosed accounting information and the usefulness of decision-making.