کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5086894 1375282 2009 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Optimal impairment rules
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
Optimal impairment rules
چکیده انگلیسی
We study the optimal accounting policy of a financially constrained firm that pledges assets to raise debt capital for financing a risky project. The accounting system provides information about the value of the collateral. Absent accounting regulation, the optimal accounting system is conditionally conservative: it recognizes an impairment loss if the asset value is below a certain threshold, but never reports unrealized gains. We describe the optimal impairment rule and the optimal precision of the accounting information, and we provide comparative static results that lead to testable predictions on the determinants of impairment rules.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Accounting and Economics - Volume 48, Issue 1, October 2009, Pages 2-16
نویسندگان
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