English  |  正體中文  |  简体中文  |  Items with full text/Total items : 51296/86402 (59%)
Visitors : 8162019      Online Users : 56
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/95614


    Title: An Examination of SFAS No.144:The Likelihood of Asset Impairment Recognition, Write-off Characteristics, and Market Reaction
    Authors: Chao, Chia-Ling;Horng, Shwu-Min;Lin, Chih-Yen
    Contributors: 淡江大學會計學系
    Keywords: Impairment;Write-off;Earnings management;Market reaction
    Date: 2007-11
    Issue Date: 2014-02-12 15:05:42 (UTC+8)
    Abstract: 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.
    Relation: 2007會計理論與實務研討會論文集=Proceedings of 2007 Accounting Theory and Practice Conference,43頁
    Appears in Collections:[會計學系暨研究所] 會議論文

    Files in This Item:

    File SizeFormat
    An Examination of SFAS No.144:The Likelihood of Asset Impairment Recognition, Write-off Characteristics, and Market Reaction_英文摘要.docx17KbMicrosoft Word121View/Open

    All items in 機構典藏 are protected by copyright, with all rights reserved.


    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - Feedback