Abstract Accounting Standards Update No. 2016–02 (ASU 2016–02) generated
considerable debate between managers and standard setters. We find evidence that after …

This paper evaluates the real effects of the new lease standard, ASC 842, on firms'
investment and operational outcomes. Using a sample of airline companies, we find that …

We examine whether the adoption of the current expected credit losses (CECL) model,
which reflects forward-looking information in loan loss provisions (LLP), improves banks' …

I examine whether and how the recognition of operating leases on balance sheets
influences managerial leasing decisions. In 2019 the FASB implemented ASC 842, which …

Effective December 16, 2018, Accounting Standards Update (ASU) No. 2016–02 requires
lessees to record most leases on their balance sheets as right-of-use (ROU) assets with …

While much research focuses on the informational benefits of new accounting standards, the
costs of implementing new standards remain unclear. We examine the adoption of two new …

This paper studies how accounting treatment of off-balance sheet financing affects the
speed of capital structure adjustment. Utilizing a quasi-natural experiment created by …

Prior literature on the relationship between financial reporting and investment efficiency
generally overlooks the connection between firms' financial and managerial reporting …

This study finds that the requirement of ASC 842 for firms to capitalize operating leases in
financial statements beginning in 2019 resulted in firms affected by the standard reducing …

We study the transition disclosures in firms' 10-K filings preceding the mandatory adoption of
Accounting Standards Codification 842 on leases. We find that ASC 842 transition …