The purpose of this paper is to investigate the accounting performance of the firms recognizing impairment losses and analyze the accounting behavior of those firms. We focus on two performance measures, i.e. sales margin and earnings to average total asset (ROA). Firms recognizing impairment losses experienced the decrease in ROA before. After the recognition of impairment losses, ROA was improved. That time-series movement is consistent with the conventional view. However, profit margin did not change in such a clear manner. Although, some firms with impairment losses smoothed earnings, we can find only weak evidence on earnings increasing management. On the other hand, we detect the strong evidence of "big bath" accounting. Our results imply the defects in accounting standards of impaired assets, which permits the large room of managerial discretion.
内容記述
本文フィルはリンク先を参照のこと
雑誌名
Discussion paper series. CIRJE-J
巻
CIRJE-J-194
発行年
2008-04
書誌レコードID
AA11451834
フォーマット
application/pdf
日本十進分類法
333
出版者
日本経済国際共同センター
出版者別名
Center for International Research on the Japanese Economy
減損計上企業の会計行動
