The impacts of goodwill on firm value: Case study on listed companies in Vietnam

Abstract

The purpose of this study is to determine the impacts of goodwill on the market value of 221 listed firms in the Ho Chi Minh stock exchange over a ten-year period (2011-2020). As it was expected, the regression analysis results of this study show that goodwill has a positive effect on the firm’s market value, but has no effect on the firm’s total assets. It completely matched the economic theory, which is that when the goodwill of one firm is recorded to increase, the market value of its stock also has positive changes.