Jin, Justin Yiqiang; Kanagaretnam, Kiridaran (Giri); Li, Na - 2022
Using a set of hand-collected data, we study the economic consequences of FASB Staff Position APB 14-1, which was adopted in 2008 and intended to increase reported interest expense and decrease reported leverage. First, we document that issuers are more likely to respond to APB 14-1 by reducing...