Economic consequences of operating lease recognition

Ma, Mark; Thomas, Wayne B.

doi:10.1016/j.jacceco.2022.101566

Cited by 8 publications

(2 citation statements)

References 33 publications

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“…Larson (1995) found no significant effect of International Accounting Standards (IASs) on equity market development or economic growth in developing countries. In contrast, and Abdolmohammadi (2002) both reported a positive relationship between accounting regulation, techniques, this research provides empirical evidence supporting the pivotal role of accounting transparency in fostering vibrant financial ecosystems.…”

Section: Introductionmentioning

confidence: 51%

Examining the Impact of Accounting Practices on Socioeconomic Growth and Equity

Muslim

2023

AAAR

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This research investigates the impact of accounting practices on socioeconomic growth and equity through a qualitative approach, drawing insights from existing literature. The study aims to provide a comprehensive understanding of the multifaceted relationship between accounting practices and societal outcomes. A systematic review of literature from academic databases such as PubMed, Google Scholar, and Web of Science was conducted, focusing on keywords like "accounting practices," "socioeconomic growth," and "equity." Thematic analysis was employed to identify patterns, themes, and relationships within the collected data. Findings reveal that transparent financial reporting and robust accounting standards play a crucial role in fostering economic development and promoting social equity. Additionally, the integration of environmental, social, and governance (ESG) criteria into financial reporting frameworks has gained prominence in recent years, contributing to more inclusive growth and sustainable development. The study underscores the importance of accounting practices in shaping socioeconomic outcomes and highlights the need for evidence-based policy interventions and corporate practices that promote equity and sustainability.

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Section: Introductionmentioning

confidence: 51%

Examining the Impact of Accounting Practices on Socioeconomic Growth and Equity

Muslim

2023

AAAR

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“…For a similar lease using international accounting rules, operating lease costs will be frontloaded, and interest and depreciation reduce earnings but not EBITDA.26 To identify the actual operating lease liability reported by the firm, one needs to either hand collect the data or use supplemental products such as Compustat Snapshot. For a useful write-up on alternatives, readers are referred to the paper byMa (2020). Compustat does provide a separate variable for the capitalized lease obligations reported in debt (dclo), but as of this writing, dclo includes only finance leases.…”

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confidence: 99%

Corporate Debt and Taxes

Hanlon

Heitzman

2022

Annu. Rev. Financ. Econ.

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We provide updates to and perspectives on the enduring topic of debt and taxes. The recent decade brought us new empirical strategies, accounting rules, and tax laws. We discuss how these and other developments change our understanding of leverage and taxes. Overall, tax incentives still do not seem to have a consistent, first-order effect on corporate capital structure. This presents a puzzle as governments increasingly limit interest deductibility, citing its contribution to overleverage and distress. We discuss critical empirical challenges such as measurement, highlight issues surrounding assumptions about tax rates and real-world financing decisions, and offer insights and direction for future research. We conclude that rather than asking if taxes are a first-order driver of corporate capital structure, a more productive goal is a greater understanding of when tax incentives yield material effects on corporate capital structure. Expected final online publication date for the Annual Review of Financial Economics, Volume 13 is November 2022. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

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Anticipatory effects of accounting standards: the lease exposure draft

Qiu,

Ronen

2024

Rev Account Stud

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Economic consequences of operating lease recognition

Cited by 8 publications

References 33 publications

Examining the Impact of Accounting Practices on Socioeconomic Growth and Equity

Examining the Impact of Accounting Practices on Socioeconomic Growth and Equity

Corporate Debt and Taxes

Anticipatory effects of accounting standards: the lease exposure draft

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