Possibility of Company Goodwill Valuation: Verification in Slovak and Czech Republic

Balcerzak, A.P., Kliestik, T., Streimikiene, D., & Smrcka L. (2017). Non-Parametric Approach to Measuring the Efficiency of Banking Sectors in European Union Countries. ActaPolytechnicaHungarica, 14(7), 51-70.10.12700/APH.14.7.2017.7.4Search in Google Scholar

Bloom, M. (2008). Double Accounting for Goodwill: A Problem Redefined. New York: Taylor & Francis Group.Search in Google Scholar

Bean, L.A. (2011). Hunting Goodwill: Personal Goodwill as Property in Corporate Acquisitions. Journal of Corporate Accounting & Finance, 23(2), 55-61.10.1002/jcaf.21737Search in Google Scholar

Begley, J., Chabmerlmn, S.L., & Li, Y.H. (2006). Modeling Goodwill for Banks: A Residual Income Approach with Empirical Tests. Contemporary Accounting Research, 23, 31-68.10.1506/DVWU-BWTW-B018-LMTASearch in Google Scholar

Boyarko, I.M., & Samusevych, Y.V. (2011). Role of Intangible Assets in Company's Value Creation. Actual Problems of Economics, 117, 86-94.Search in Google Scholar

Canibano, L. & Garcia-Ayuso, M., & Sanchez, P. (2000). Accounting for Intangibles: A Literature Review. Journal of Accounting Literature, 19, 102-130.Search in Google Scholar

Catlett, G. & Olson, N.O. (1968). Accounting research studies. No. 10. New York: American Institute of Certified Public Accountants.Search in Google Scholar

Cavalinhos, P., & Carreira, F. (2015). The Impact of the Goodwill in Profit. RevistaUniversoContábil, 196-210.10.4270/ruc.2015218Search in Google Scholar

Courtis, J.K. (1983). Business Goodwill: Conceptual Clarification Via Accounting, Legal and Etymological Perspectives. The Accounting Historians Journal, 10, 1-38.10.2308/0148-4184.10.2.1Search in Google Scholar

Curtis, A., & Fargher, N.L. (2003). A Comparison of Residual Income and Comparable Firm Valuation of Initial Public Offerings. SSRN Electronic Journal.10.2139/ssrn.408320Search in Google Scholar

Cygler, J., & Sroka, W. (2017). Coopetition Disadvantages: The Case of the High Tech Companies. Inzinerine Ekonomika-Engineering Economics, 28(5), 494-504.10.5755/j01.ee.28.5.16421Search in Google Scholar

D’Amico, G., Di Biase, G., Janssen, J., & Manca, R. (2014). A Duration Dependent Rating Migration Model: Real Data Application and Cost of Capital Estimation. Finance a Uver-Czech Journal of Economics and Finance, 64(3), 233-245.Search in Google Scholar

Da Silva, I.D., Igarashi, D.C.C., Igarashi, W. & da Silva Faia, V. (2015). Intangible Assets: Relationship with Tangible Assets and Financial Ratios. RevistaGestaoOrganizacional, 8(2), 26-40.Search in Google Scholar

Dvorsky, J., Sopkova, G., & Janoskova, M. (2017). Evaluation of the Social Environment and Access to Financial Resources for Business: Case Study of the Czech and Slovak Republic. Ekonomicko-manazerske Spektrum, 11(1), 62-73.10.26552/ems.2017.1.62-73Search in Google Scholar

Fanelli, V., & Ryden, A.K. (2018). Pricing a Swing Contract in a Gas Sale Company. Economics, Management, and Financial Markets, 13(2), 40-55.10.22381/EMFM13220183Search in Google Scholar

Feltham, G.A., & Ohlson, J.A. (1995). Valuation and Clean Surplus Accounting for Operating and Financial Activities. Contemporary Accounting Research, 11, 689-731.10.1111/j.1911-3846.1995.tb00462.xOpen DOISearch in Google Scholar

Fernandez, P. (2002). Three Residual Income Valuation Methods and Discounted Cash Flow Valuation. SSRN Electronic Journal.10.2139/ssrn.296945Search in Google Scholar

Goodman, T. (2016). Forbes Book of Quotations: 10,000 Thoughts on the business of life. New York: Black Dog & Leventhal.Search in Google Scholar

Groves, P. (2011). A Dictionary of Intellectual Property Law. Cheltenham: Edward Elgar Publishing Limited.10.4337/9781849807784Search in Google Scholar

Herz, R.H., Iannaconi, T.E., Maines, L.A., Palepu, K., Ryan, S.G., Schipper, K., Schrand, C.M., Skinner. D.J., & Vincent, L. (2001). Equity Valuation Models and Measuring Goodwill Impairment. Accounting Horizons, 15(2), 161-170.10.2308/acch.2001.15.2.161Open DOISearch in Google Scholar

Hughes, H.P. (1982). Goodwill in Accounting: A History of the Issue and Problems. Atlanta: Georgia State University, [Research Monograph].Search in Google Scholar

Hyuna, P. (2017). Intangible Assets and the Book-to-market effect. European Financial Management. 0(0).Search in Google Scholar

Hvozdarova, J. (2006). Goodwill a Jeho Testovanie. Bratislava: Účtovníctvo, audítorstvo, daňovníctvo.Search in Google Scholar

Cheng, Q. (2005). What Determines Residual Income? The Accounting Review, 80, 85-112.10.2308/accr.2005.80.1.85Search in Google Scholar

Chrysafis, K.A. (2012). Corporate Investment Appraisal with Possibilistic CAPM. Mathematical and Computer Modelling, 55, 1041-1050.10.1016/j.mcm.2011.09.029Search in Google Scholar

Ionescu, L. (2017). Public Perceptions of Government Corruption: An Empirical Investigation. Journal of Self-Governance and Management Economics, 5(4), 81-86.10.22381/JSME5420174Open DOISearch in Google Scholar

Ivanova, E., & Cepel, M. (2018). The Impact of Innovation Performance on the Competitiveness of the Visegrad 4 Countries. Journal of Competitiveness, 10(1), 54-72.10.7441/joc.2018.01.04Search in Google Scholar

Jakubec, M., Kardos, P., & Kubica, M. (2011). Riadenie Hodnoty Podniku, Bratislava: Kartprint.Search in Google Scholar

Jansky, M. (2011). The Feltham-Ohlson Model: Goodwill and Price Volatility. Prague: Charles University. [Working paper].Search in Google Scholar

Kariuki, B.W., & Qyugi, L.A. (2013). Testing the Residual Income Valuation Model in a Nascent Stock Market: The Case of Nairobi Securities Exchange. International Journal of Business and Social Science, 4, 69-77.Search in Google Scholar

Kimbro, M.B., & Xu, D. (2016). The Accounting Treatment of Goodwill, Idiosyncratic Risk, and Market Pricing. Journal of Accounting Auditing and Finance, 31, 365-387.10.1177/0148558X16632414Search in Google Scholar

Kliestik, T., Misankova, M., & Bartosova, V. (2015). Application of Multi Criteria Goal Programming Approach for Management of the Company. Applied Mathematical Sciences, 9(115), 5715-5727.10.12988/ams.2015.57488Search in Google Scholar

Kliestik, T., Misankova, M., Valaskova, K., & Svabova, L. (2018). Bankruptcy Prevention: New Effort to Reflect on Legal and Social Changes. Science and Engineering Ethics, 24(2), 791-803.10.1007/s11948-017-9912-4Search in Google Scholar

Kliestik, T, Kovacova, M., Podhorska, I., & Kliestikova, J. (2018). Searching for Key Sources of Goodwill Creation As New Global Managerial Challenge. Polish Journal of Management Studies, 17(1), 144-154.10.17512/pjms.2018.17.1.12Search in Google Scholar

Kliestikova J., Misankova M., & Kliestik T. (2017). Bankruptcy in Slovakia: international comparison of the creditor’s position. Oeconomia Copernicana, 8(2), 221-237.10.24136/oc.v8i2.14Search in Google Scholar

Kohlbeck, M., & Warfield, T. (2002). The Role of Unrecorded Intangible Assets in Residual Income Valuation: The Case of Banks. SSRN Electronic Journal.10.2139/ssrn.296387Search in Google Scholar

Kylianova, D., & Lalikova L. (2010). Hodnota Značky a jej Podiel na Nehmotnom Majetku Podniku. Banská Bystrica: Koprint, s.r.o.Search in Google Scholar

Laghi, E., & Di Marcantonio, M. (2016). Beyond CAPM: Estimating the Cost of Equity Considering Idiosyncratic Risks. Quantitative Finance, (16), 1273-1296.10.1080/14697688.2015.1124136Open DOISearch in Google Scholar

Leake, P.D. (1921). Commercial Goodwill. Its History, Value and Treatment in Accounts, London: Sir Isaac Pitman and Sons, Ltd.Search in Google Scholar

Lonergan, W. (1995). Goodwill and Bad Ideas; Fact and Fiction in the Amortisation Debate. Jassa, 4, 2-7.Search in Google Scholar

Longhofer, R.S. (2005). The Residual Income Method of Business Valuation. Business Valuation Review, 24(2), 65-70.10.5791/0882-2875-24.2.65Search in Google Scholar

Lundholm, R.J. (2006). Discussion of „Modeling Goodwill for Banks: A Residual Income Approach with Empirical Tests“. Contemporary Accounting Research. 23(1), 69-71.10.1111/j.1911-3846.2006.tb00316.xOpen DOISearch in Google Scholar

Maleki, M.A. (2010). Value Relevance of Accounting-based Valuation Models: The Accuracy of the Abnormal Earnings Growth and Residual Income Model: Evidence from Europe, Amsterdam. [Dissertation thesis].Search in Google Scholar

Maly, J. (2002). Obchod Nehmotnými Statky, Praha: C.H. Beck.Search in Google Scholar

Mazzola, P., & Gerace, D., (2015). A Comparison between a Dynamic and Static Approach to Asset Management Using CAPM Models on the Australian Securities Market. Australasian Accounting Business and Finance Journal,9, 43-58.10.14453/aabfj.v9i2.4Search in Google Scholar

Miller, W.D. (1995). Commercial Bank Valuation, US: John Wiley and Sons.Search in Google Scholar

Moravcikova, D., Krizanova, A., Kliestikova, J., & Rypakova, M. (2017). Green marketing as the source of the competitive advantage of the business, Sustainability, 9(12), art.no. 2218.10.3390/su9122218Search in Google Scholar

Nan, Y.Z. (2010). Research on Various Tests and Their Mutual Relations of Simple Linear Correlation and Regression Analysis. Data Processing and Quantitative Economy Modeling, 590-594.Search in Google Scholar

Nelson, H.R. (1953). The Momentum Theory of Goodwill. The Accounting Review, 28, 491-499.Search in Google Scholar

Nica, E., Comanescu, M., & Manole, C. (2017). Digital Reputation and Economic Trust in the Knowledge Labor Market. Journal of Self-Governance and Management Economics, 5(3), 83-88.10.22381/JSME5320174Search in Google Scholar

Ohlson, J. (1995). Earnings, Book Values, and Dividends in Equity Valuation. Contemporary Accounting Research, 661-687.10.1111/j.1911-3846.1995.tb00461.xOpen DOISearch in Google Scholar

Olah, J., Zeman, Z., Balogh, I., & Popp, J. (2018). Future Challenges and Areas of Development for Supply Chain Management. Logforum, 14(1), 127-138.10.17270/J.LOG.2018.238Search in Google Scholar

Peasnell, K. (1982). Some Formal Connections between Economic Values and Yields and Accounting Numbers. Journal of Business Finance and Accounting, 9, 361-381.10.1111/j.1468-5957.1982.tb01001.xOpen DOISearch in Google Scholar

Podolna, V.V. (2008). Key Aspects of Formation and Development of Positive Goodwill of an Enterprise. Actual Problems of Economics, 87, 128-134.Search in Google Scholar

Preinreich, G. (1936). The Fair Value and Yield of Common Stock. The Accounting Review, 130-140.Search in Google Scholar

Rajnoha, R., & Lesnikova, P. (2016). Strategic Performance Management System and Corporate Sustainability Concept – Specific Parameters in Slovak Enterprises. Journal of Competitiveness, 8(3), 107-124.10.7441/joc.2016.03.07Search in Google Scholar

Reilly, R.F. (2015). Goodwill Valuation Approaches, Methods, and Procedures. American Bankruptcy Institute Journal, 34, 10-24.Search in Google Scholar

Reimsbach, D. (2013). Intangible Assets as Drivers of Firm's Market Value? - Empirical Evidence from German DAX 30-companies 1998-2007. Betriebswirtschaftliche Forschung Und Praxis, 65, 653-680.Search in Google Scholar

Ruckova, P. (2015). FinančníAnalýza. Metody, Ukazovatele, Využití v Praxi. Praha: Grada Publishing, a.s.Search in Google Scholar

Sadaf, R., Olah, J., Popp, J., & Mate, D. (2018). An Investigation of the Influence of the Worldwide Governance and Competitiveness on Accounting Fraud Cases: A Cross-Country Perspective. Sustainability, 10, ar. no: 588.10.3390/su10030588Search in Google Scholar

Sedlacek, J. (2011). Finanční Analýza Podniku. Praha: Computer Press.Search in Google Scholar

Shenkar, O., & Yuchtmanyaar, E. (1997). Reputation, Image, Prestige, and Goodwill: An Interdisciplinary Approach to Organizational standing. Human Relations, 50, 1361-1381.10.1177/001872679705001102Open DOISearch in Google Scholar

Siekelova, A. (2017). Using Rating for Credit Risk Measurement. In: 17th Annual Conference on Finance and Accounting. Book Series: Springer Proceedings in Business and Economics, 689-697.10.1007/978-3-319-49559-0_63Search in Google Scholar

Siekelova, A., Svabova, L., Kliestik, T. & Androniceanu, A. (2017). Receivables Management: The Importance of Financial Indicators in Assessing the Creditworthiness. Polish Journal of Management Studies, 15(2), 217-228.10.17512/pjms.2017.15.2.20Search in Google Scholar

Skogsvik, K., & Juettner-Nauroth, B.E. (2013). A Note on Accounting Conservatism in Residual Income and Abnormal Earnings Growth Equity Valuation. British Accounting Review, 45, 70-80.10.1016/j.bar.2012.12.001Search in Google Scholar

Slavik, S., & Zagorsek, B. (2016). Relationship Between Business Strategy and Business Model Studied in a Sample of Service Companies. Journal of Competitiveness, 8(4), 72-84.10.7441/joc.2016.04.05Search in Google Scholar

Svabova, L., & Durica, M. (2016). Correlation analysis of predictors used in banknote prediction models in Slovakia. Ekonomicko-manazerske Spektrum, 10(1), 76-89.Search in Google Scholar

Svabova, L., & Kral, P. (2016). Selection of Predictors in Bankruptcy Prediction Models for Slovak Companies. In:10^th International days of statistics and economics. Conference proceedings, 1759-1768.Search in Google Scholar

Synek, M. & Kislingerova, E. (2006). Podniková Ekonomika. Praha: C.H.Beck.Search in Google Scholar

Tregoning, I. (2004). Lord Eldon’s Goodwill. King’s Law Journal, 15, 93-116.10.1080/09615768.2004.11423644Search in Google Scholar

Tsai, C.F., Lu, Y.-H., Hung, Y.C. & Yen, D.C. (2016). Intangible Assets Evaluation: The Machine Learning Perspective. Neurocomputing, 175, 110-120.10.1016/j.neucom.2015.10.041Search in Google Scholar

Tsai, C.F., Lu, Y.-H. & Yen, D.C. (2012). Determinants of Intangible Assets Value: The Data Mining Approach. Knowledge-Based Systems, 31, 67-77.10.1016/j.knosys.2012.02.007Search in Google Scholar

Vojtovic, S. (2016). The Impact of The Structural Funds on Competitiveness of Small and Medium-Sized Enterprises. Journal of Competitiveness, 8(4), 30-45.10.7441/joc.2016.04.02Search in Google Scholar

Zapletalova, S. (2017). Competitive Strategies of the SMEs: Empirical Evidence from the Czech Republic. Forum Scientiae Oeconomia, 5(3), 9-26.Search in Google Scholar

Zelenka, V. (2006). Goodwill Principy Vykazování v Podniku. Praha: Ekopress, s.r.o.Search in Google Scholar