English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 112721/143689 (78%)
Visitors : 49501366      Online Users : 534
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 > 商學院 > 企業管理學系 > 期刊論文 >  Item 140.119/64198


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/64198


    Title: An Examination of Long-Lived Asset Impairments: Write-Off Characteristics, Timeliness, and Market Reaction
    Authors: 曹嘉玲;洪叔民
    Chao, Chia-Ling;Horng, Shwu-Min
    Contributors: 企管系
    Keywords: Impairments;Earnings management;Timeliness;Market reaction
    Date: 2011-06
    Issue Date: 2014-02-24 17:19:44 (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 contrasting the characteristics of asset write-offs reported prior versus subsequent to the issuance of SFAS No. 144. The analyses reveal that write-offs reported under SFAS No. 144 have significantly lower associations with executives` reporting incentives, including debt contracting, "big bath," income smoothing, and management turnover, and marginally higher associations with firmspecific economic factors, relative to those reported prior to the standard. Results for the write-off timeliness tests show some evidence of the delay in recognition of asset impairment within both the pre- and post-SFAS No. 144 regimes. The security market over the periods preceding a write-off already takes into account any decline in asset value reflected in the write-off amount. However, the analyses fail to provide evidence of a difference in the timeliness of asset write-offs across the two regimes. Finally, we study the association between the market reaction to write-off announcements and the probability of a write-off produced by our write-off likelihood 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: Advances in Quantitative Analysis of Finance and Accounting, 9, 113-146
    Data Type: article
    Appears in Collections:[企業管理學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    115148.pdf1867KbAdobe PDF2871View/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