Goodwill Research-Based On Property Rights Theory

Goodwill is a very special economical resource of entity. Although it cannot be feeled, but it actually contributes to enterprise' earnings capacity and future development. Just for this reason, the discussion in goodwill research is doomed to be the most charming subject in accounting academic area.For a long time, it has been considered that accounting theory and property theory contact tightly. Many difficult problems in accounting academic area have been solved very well after combining with the property theory. But accountants have not interpreted the nature of goodwill and accounting treatments clearly in the perspective of property rights. From the property rights theory, the dissertation puts forward the "undelimitted property rights view" about goodwill and discuss some problems of goodwill, hoping this paper can contribute to the researching of goodwill.The dissertation consists of four parts:Introduction. In this part, the background and incentive are described. Chapter One literature Review. Based on the review of the literature about the nature of goodwill, the chapter points out the main characteristics and limitations of the existing literature, and then discusses the key problems to be resolved in this dissertation.Chapter Two The property rights theory. Based on the review of the development of the property rights theory, the chapter describes the basic framework of the theory. Specially the chapter describes the connection of accounting theory and property rights theory.Chapter Three The concept of goodwill in property rights theory. Based on the property rights theory, this chapter first puts forward " undelimitted property rights view" of goodwill, which interprets the internally generated goodwill as a economic product whose property rights has been placed in a public domain completely. The characteristic of this economic product is excess earnings for an enterprise. Chapter Four Recognition and measurement of internally generated goodwill based on undelimitted property rights view. This chapter describes the recognition and measurement of internally generated goodwill based on property theory after interpreting that on accounting theory. Then the expectation of the internally generated goodwill measurement will be put forwards.The main academic contributions of the dissertation include:(1) put forward the "undelimitted property rights view " of goodwill;based on the undelimitted property rights view, explore the generation and nature of internally generated goodwill,purchased goodwill and negative goodwill(2)based on the " undelimitted property rights view ", explore recognition and measurement of internally generated goodwill.