Firms enjoy wide discretion in their disclosure of patent-related events, which investors generally view as "good news" announcements. This study examines patent disclosure behavior before earnings announcements in light of managers incentives to avoid the stock price-related consequences of...

This study provides value estimates for intangible assets of publicly traded hotel firms in the United States, approaching from both time-series and cross-sectional perspectives. When evaluating a firms tangible and intangible assets, tests of model usefulness reveal it is meaningful to...

This study assesses the unintended effects of recent accounting regulation (SFAS 144) on a specificform of real activities earnings management, namely the timing of asset sales to smooth income. Thispaper finds that, by changing the qualifying criteria for discontinued operations, SFAS 144...

Prior research reveals that write-offs of long-lived assets are both large in magnitude and frequent in occurrence. Responding to calls for enhanced reporting of these items, the FASB issued SFAS 121, Accounting for the Impairment of Long-Lived Assets. However, its effect on the characteristics...

This paper investigates the relationship between commercial banks accrual choices and the likelihood of their takeover. I study a sample of 2,414 commercial bank holding companies (banks) over the period of 1987 through 1998. The sample consists of 14,574 bank-years. I perform two complimentary...

We examine the effects of mandating the provision of fair value information for long-lived tangible assets on firms' information asymmetry. Specifically, we investigate whether European real estate firms' compulsory adoption of International Accounting Standard 40 (IAS 40; Investment Property),...

The implementation of Statement of Financial Accounting Standard (SFAS)133 had raised concerns about the potential impact the standard could have on firm hedging activities. Chief among these concerns has been an increase in earnings volatility and a reduction in the use of derivatives....