教師資料查詢 | 類別: 會議論文 | 教師: 曹嘉玲CHIA-LING CHAO (瀏覽個人網頁)

標題:An Examination of SFAS No.144:The Likelihood of Asset Impairment Recognition, Write-off Characteristics, and Market Reaction
學年96
學期1
發表日期2007/11/08
作品名稱An Examination of SFAS No.144:The Likelihood of Asset Impairment Recognition, Write-off Characteristics, and Market Reaction
作品名稱(其他語言)
著者Chao, Chia-Ling; Horng, Shwu-Min; Lin, Chih-Yen
作品所屬單位淡江大學會計學系
出版者
會議名稱2007會計理論與實務研討會=2007 Accounting Theory and Practice Conference
會議地點臺北市, 臺灣
摘要This paper adds to the growing body of literature on managers' discretionary accounting choices in general by specifically studying several issues related to the Statement of Financial Accounting Standards (SFAS) No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets." Our investigation starts by exploring the factors affecting the decision to take an SFAS No. 144 write-off and the percentage of assets that is actually written off. The empirical results reveal that, after controlling for the effects of firms' economic conditions and changes in those economic conditions, writeoff firms appear to be acting in a manner consistent with the "big bath" behavior and smoothing incentive. We also find that firms with a senior management change are more likely to accelerate write-offs. To examine the extent to which our write-off likelihood model that incorporates both economic factors and reporting incentives mirrors the market's assessment of long-lived assets, we study the association between the market reaction to write-off announcements and the probability of a write-off produced by our model. The results provide support for the notion that our write-off prediction model proxies for the unobservable market expectations. The findings also reveal a negative stock price response to "unpredictable" asset write-offs. The above implications are robust to a number of alternative specifications and variables definitions.
關鍵字Impairment;Write-off;Earnings management;Market reaction
語言英文
收錄於
會議性質國內
校內研討會地點
研討會時間20071108~20071109
通訊作者
國別中華民國
公開徵稿Y
出版型式紙本
出處2007會計理論與實務研討會論文集=Proceedings of 2007 Accounting Theory and Practice Conference,43頁
相關連結
SDGs
Google+ 推薦功能,讓全世界都能看到您的推薦!