Classification shifting within non-recurring items*

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This study examines whether managers shift income-decreasing special items to discontinued operations. We expect managers to engage in this form of classification shifting because discontinued operations are reported below income before extraordinary items and discontinued operations (IBXD) on the income statement. Consistent with this expectation, we find evidence suggesting that managers classification-shift asset write-downs to discontinued operations. Furthermore, we find that classification shifting from asset write-downs to discontinued operations is driven by firms with incentives to avoid reporting a negative IBXD and by firms with equity market benefits to classification shifting.
Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Issue Date
2019-05
Language
English
Article Type
Article
Citation

ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, v.26, no.3, pp.185 - 206

ISSN
1608-1625
DOI
10.1080/16081625.2017.1392877
URI
http://hdl.handle.net/10203/276135
Appears in Collection
MT-Journal Papers(저널논문)
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