English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 110097/141043 (78%)
Visitors : 46406014      Online Users : 1184
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU 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
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version
    政大機構典藏 > 學術期刊 > 會計評論 > 期刊論文 >  Item 140.119/114772


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/114772


    Title: An Examination of SFAS No. 35: Adoption Timing Motives, Write-Off Characteristics, and Market Reaction
    Authors: Chao, Chia-Ling
    Keywords: Impairments;Write-offs;Earnings management;Market reaction
    Date: 2007-05
    Issue Date: 2017-11-15 15:59:15 (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 Statement of Financial Accounting Standards (SFAS) No. 35, ”Accounting Treatment of Asset Impairment.” The empirical investigation starts by examining whether the managers` adoption timing choice is associated with various managerial motives. The results show that early adopters are more likely to be in industries with favorable performance in the pre-adoption period, larger in firm size and in the magnitude of asset write-offs, and acting in a manner consistent with ”big bath” behavior. Additionally, this paper provides evidence that reporting incentives determine the amount of asset write-offs reported by firms upon the adoption of SFAS No. 35, after the actual asset impairment is controlled. Specifically, both early and late adopting firms with extremely low earnings tend to take a ”big bath” by reporting a larger magnitude of asset write-offs. The empirical analyses also reveal that the amount of asset write-offs is significantly greater for firms with a management change relative to the firms with no such change, and that late adopters tend to apply the reporting flexibility in the determination of write-off amounts to report a smoother stream of earnings. Finally, this study investigates stock price responses to write-off announcements by partitioning write-offs into expected and unexpected portions. The results reveal that all of the asset write-offs announced by early adopters and the unanticipated portion of the impairment losses for late adopters both convey information of a reduction in future performance to market participants. The above implications are robust to a number of alternative specifications and variables definitions.
    Relation: 會計評論, 45_s, 77-120
    Data Type: article
    DOI 連結: http://dx.doi.org/10.6552/JOAR.2007.45.s.4
    DOI: 10.6552/JOAR.2007.45.s.4
    Appears in Collections:[會計評論] 期刊論文

    Files in This Item:

    File Description SizeFormat
    45_s-4.pdf943KbAdobe PDF2400View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback