I examine how the presence of a more active (liquid) resale market for real assets influences the likelihood, timeliness, and magnitude of long-lived asset impairments. I find that firms with more liquid real assets are more likely to record an impairment both unconditionally and conditional on...

This study assesses whether the accrual-generating process is adequately described by a linear model with respect to a range of underlying determinants examined by prior literature. We document substantial departures from linearity across the distributions of accrual determinants, including...

In many research settings, entropy balancing (Hainmueller 2012) is a convenient statistical method for reweighting a control sample to achieve covariate balance with a treatment sample of interest. Despite this, researchers raise several concerns and questions not specifically addressed by...