This study investigates the peer effect in the initial recognition of goodwill.We find that firms imitate their peers in the initial recognition of goodwill.The higher the tendency for imitation,the higher the proport...This study investigates the peer effect in the initial recognition of goodwill.We find that firms imitate their peers in the initial recognition of goodwill.The higher the tendency for imitation,the higher the proportion of goodwill recognized.Imitation behavior in the initial recognition of goodwill cannot be explained by information acquisition or rivalry motivations.Instead,we find evidence that managers’opportunistic motivations explain the peer effect in the initial recognition of goodwill and the overestimation of goodwill arising from imitation tendencies.Executive overconfidence weakens the peer effect but exacerbates the overestimation of goodwill caused by imitation tendencies.Finally,the higher the imitation tendency,the greater the probability and amount of goodwill impairment in the future.This further confirms that the peer effect leads to overestimation of goodwill.The findings of this study enrich the literature on goodwill and provide insightful empirical evidence for regulating goodwill accounting.The results show that the conservatism principle should be reinforced in the initial recognition of goodwill.展开更多
The zero-crossing rate is an important feature in the recognition of speech. However, the feature is not very reliable in the computation. A method of conversion of the zero-crosssing rate into the main period and rec...The zero-crossing rate is an important feature in the recognition of speech. However, the feature is not very reliable in the computation. A method of conversion of the zero-crosssing rate into the main period and recognition of Putonghua initials by HMM based on the main period are proposed in this paper. The study of on-line recognition of aspirate voiceless stop consonants P, T and K, unaspirate affricative consonants ZH, Z and fricative consonant H of Chinese based on the new method has been made and we obtained 78 percent of the correct recognition rate for the initials. The implementation technique of the new method and the experiment of the initial recognition are described in the paper.展开更多
基金supported by the National Natural Science Foundation of China,China(71790603,71672198,71772188).
文摘This study investigates the peer effect in the initial recognition of goodwill.We find that firms imitate their peers in the initial recognition of goodwill.The higher the tendency for imitation,the higher the proportion of goodwill recognized.Imitation behavior in the initial recognition of goodwill cannot be explained by information acquisition or rivalry motivations.Instead,we find evidence that managers’opportunistic motivations explain the peer effect in the initial recognition of goodwill and the overestimation of goodwill arising from imitation tendencies.Executive overconfidence weakens the peer effect but exacerbates the overestimation of goodwill caused by imitation tendencies.Finally,the higher the imitation tendency,the greater the probability and amount of goodwill impairment in the future.This further confirms that the peer effect leads to overestimation of goodwill.The findings of this study enrich the literature on goodwill and provide insightful empirical evidence for regulating goodwill accounting.The results show that the conservatism principle should be reinforced in the initial recognition of goodwill.
文摘The zero-crossing rate is an important feature in the recognition of speech. However, the feature is not very reliable in the computation. A method of conversion of the zero-crosssing rate into the main period and recognition of Putonghua initials by HMM based on the main period are proposed in this paper. The study of on-line recognition of aspirate voiceless stop consonants P, T and K, unaspirate affricative consonants ZH, Z and fricative consonant H of Chinese based on the new method has been made and we obtained 78 percent of the correct recognition rate for the initials. The implementation technique of the new method and the experiment of the initial recognition are described in the paper.
