کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
1006693 | 938330 | 2011 | 4 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: Discontinued SEC required disclosures: The value of repairs and maintenance expenses Discontinued SEC required disclosures: The value of repairs and maintenance expenses](/preview/png/1006693.png)
On December 13, 1994, the US Securities and Exchange Commission (SEC) eliminated certain schedules including repairs and maintenance (R&M) disclosures previously required in annual reports and registration statements. This SEC decision provides us a research setting where disclosure has been decreased. The purpose of this study is to determine if market participants used R&M information prior to its elimination. The findings indicate that R&M disclosures did provide value-relevant information. Further, the year following the elimination of mandatory R&M disclosures, only 4% of the firms in the sample voluntarily disclosed R&M information. Hence, it appears that decreased disclosures deprived the market participants, not only in principle but also in practice, of value-relevant R&M expenses information. The results also suggest that if R&M disclosures are not required firms will not voluntarily provide the information.
Journal: Research in Accounting Regulation - Volume 23, Issue 2, October 2011, Pages 184–187