US firms recorded an unprecedented number of asset impairments during the recent
financial crisis. We investigate the timing of these losses in the context of two competing …

This paper explores direct relations between corporate investment behavior and the
timeliness of accounting recognition of economic losses (TLR) reflected in a country's …

ABSTRACT I examine the timeliness of write‐downs taken by US financial institutions during
the financial crisis of 2007–2008. The timeliness of write‐downs is measured by …

Abstract Information risk–the uncertainty regarding the parameters of the distribution of firms'
future cash flows–generates valuation errors and is costly to investors who require a higher …

There is little research on how accounting information quality affects a firm's external
financing choices. In this paper, we use the occurrence of accounting restatements as a …

I examine the asset writedown decisions of firms during recessions. These decisions are
jointly determined by a decline in asset value and by managers' reporting incentives, both of …

Understanding the incentives for and consequences of accounting method choices is
important to various constituents of accounting. In 1998, a Chinese accounting regulation …

Using the collapse of the junk bond market in the early 1990s as an exogenous shock to
external capital, I document, in both difference-in-differences and triple difference designs …

The value relevance of intangible assets is now well documented in the literature, leading to
calls for standard setters to adopt more flexible reporting rules for these assets. In this study …

New Chinese Accounting Standards (CAS) released on February 15, 2006, prohibit the
reversal of long-lived asset impairments, effective for reporting periods beginning January 1 …