The treatment of goodwill, whether to capitalise or expense in the year of acquisition, has been a topic of debate over the last two decades. Since 1998, the Financial Reporting Standard (FRS 10) in the UK requires firms to capitalise purchased goodwill and amortise it through periodic charges...

Does innovation increase shareholder value? While many researchers and practitioners believe that it does, little consensus surrounds the magnitude of the economic rents to innovation and the determinants of these rents, primarily because they vary across industries and ways in which innovation...