Voluntary asset write-downs under SFAS 121: early adopters vis-a-vis late adopters
SS Kwon, S Kim, B Gaber - International Journal of …, 2008 - inderscienceonline.com
Previous research shows that the stock market positively values firms whose motivation is to
clearly enhance productivity through streamlining their assets as part of a restructuring
campaign. In this study, we examine 47 firms that voluntarily disclosed asset write-down
information in either 10-K or ARS one year prior to the mandatory adoption of SFAS 121. Our
study found that EARLY firms (those who adopted SFAS 121 in 1995, one year prior to the
mandatory adoption) experienced a more positive market reaction than LATE firms (those …
clearly enhance productivity through streamlining their assets as part of a restructuring
campaign. In this study, we examine 47 firms that voluntarily disclosed asset write-down
information in either 10-K or ARS one year prior to the mandatory adoption of SFAS 121. Our
study found that EARLY firms (those who adopted SFAS 121 in 1995, one year prior to the
mandatory adoption) experienced a more positive market reaction than LATE firms (those …
[DOC][DOC] Voluntary Asset Write-Downs of SFAS 121 Early Adopters vis-à-vis Late Adopters
B Gaber, S Kim, SS Kwon - centerforpbbefr.rutgers.edu
Previous research shows that stock market positively values the firms whose motivation is to
gain production efficiency through streamlining their assets as part of restructuring
campaign. In this study, we examine 47 firms that voluntarily disclosed asset write-down
information in either 10-K or ARS one year prior to the mandatory adoption of SFAS. No.
121.
gain production efficiency through streamlining their assets as part of restructuring
campaign. In this study, we examine 47 firms that voluntarily disclosed asset write-down
information in either 10-K or ARS one year prior to the mandatory adoption of SFAS. No.
121.
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