THE CONCEPT OF ECONOMIC–MANAGERIAL GOODWILL: INTERNATIONAL BIBLIOGRAPHIC RESEARCH
THE CONCEPT OF ECONOMIC–MANAGERIAL GOODWILL: INTERNATIONAL BIBLIOGRAPHIC RESEARCH

Summary/Abstract: Research background: The concept of goodwill has been a major economic problem for over 200 years. Goodwill creation and quantification is interdisciplinary, for example, in accounting, economics, and marketing. Goodwill is an intangible asset associated with the purchase of a company. Specifically, goodwill is the portion of the purchase price that is higher than the sum of the net fair value of all assets purchased in the acquisition and the liabilities assumed in the process. The value of a company’s brand name, robust customer base, good customer relations, commendable employee relations, and proprietary technology represent a few reasons why goodwill exists. Purpose: Broadly, the value of company goodwill increases the company’s overall market value. In both economic theory and practice, this situation can arise where there is a difference between the company’s market value and book value. Any debate about goodwill is reasonable because the origin of goodwill can be defined, but an interpretation of its value is always a challenge. Methods: This study analyses scientific three databases, namely Web of Science, Scopus, and Social Science Research Network, applying descriptive statistics and science maps. In addition, the study provides a holistic overview of the historical development of the concept of goodwill from 1842 to the present. Findings and value-added: The study works with VOSviewer software. The results provide a holistic overview of the evolution of the concept of goodwill in the scientific community and demonstrate its significant role in the world of science from 1842 to the present.

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