English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113303/144284 (79%)
Visitors : 50796837      Online Users : 826
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 會計學系 > 學位論文 >  Item 140.119/153332
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/153332


    Title: 實施ASC 842後是否提升了財務分析師預測之準確性
    Has the Implementation of New Lease Accounting Standard ASC 842 Improved the Accuracy of Financial Analyst Forecasts?
    Authors: 黃冠霖
    Huang, Guan-Lin
    Contributors: 詹凌菁
    Chan, Ling Ching
    黃冠霖
    Huang, Guan-Lin
    Keywords: 營業租賃資本化
    分析師預測
    資訊揭露與使用
    Operating Lease Capitalization
    Financial Analyst Forecasts
    Information Disclosure and Utilization
    Date: 2024
    Issue Date: 2024-09-04 14:47:23 (UTC+8)
    Abstract: 新的租賃準則ASC842要求承租人將超過12個月的營業租賃記錄於資產負債表中,以提供報表使用者更具忠實表述性質的財務報表,該準則的發布將對財務報表產生重大的影響。
    本研究的目的在探討財務分析師針對高租賃密集度的公司預測之精準性,在ASC842實施後是否提升,以及前述條件下,分析師預測之離散程度是否下降。本研究使用北美地區2014年至2023年的資料進行分析,根據實證結果,分析師針對高租賃密集度公司的預測錯誤絕對值,與準則的實施不存在顯著的關係,代表預測錯誤絕對值在採用新準則後未如本研究預期的下降。而離散程度的部分,研究結果顯示,分析師預測之離散程度在新準則的實施後顯著下降,與本研究之預期相同。
    The new lease standard, ASC 842, requires lessees to record operating leases longer than 12 months on the balance sheet, to provide financial statements that are more faithfully representative to users. The release of this standard is expected to have a significant impact on financial statements.
    The purpose of this study is to explore whether the implementation of ASC 842 has improved the accuracy of financial analysts' forecasts for companies with high lease intensities and whether it has decreased the dispersion of these forecasts. This research analyzed data from North America from 2014 to 2023. According to empiri-cal results, the absolute values of forecast errors for companies with high lease inten-sities showed no significant relationship with the implementation of the standard, in-dicating that the absolute forecast errors did not decrease post-implementation as an-ticipated. Regarding the dispersion of forecasts, the results indicated a significant re-duction after the implementation of the new standard, consistent with the expectations of this study.
    Reference: 中文文獻
    江美艷, 黃瑞展, & 洪玉美. (2016). 以航運產業看新租賃會計準則. 會計研究月刊, (367), 48-55.

    英文文獻
    Abarbanell, J. S., & Bernard, V. L. (1992). Tests of analysts'overreaction/underreaction to earnings information as an explanation for anomalous stock price behavior. The Journal of Finance, 47(3), 1181-1207.
    Aboud, A., Roberts, C., & Zalata, A. M. (2018). The impact of IFRS 8 on financial analysts’ earnings forecast errors: EU evidence. Journal of International Accounting, Auditing and Taxation, 33, 2-17.
    Altamuro, J., Johnston, R., Pandit, S., & Zhang, H. (2014). Operating leases and credit assessments. Contemporary Accounting Research, 31(2), 551-580.
    American Airlines Holdings, INC, 2023 Annual Report
    Angela Wheeler Spencer and Thomas Z. Webb Leases: A review of contemporary academic literature relating to leases.
    Ashbaugh, H., & Pincus, M. (2001). Domestic accounting standards, international accounting standards, and the predictability of earnings. Journal of accounting research, 39(3), 417-434.
    Barron, O. E., Byard, D., & Kim, O. (2002). Changes in analysts' information around earnings announcements. The Accounting Review, 77(4), 821-846.
    Beattie, V. A., Edwards, K. & Goodacre, A. (1998) “The impact of constructive operating lease capitalization on key accounting ratios”, Accounting and Business Research, vol. 28, no. 4: 233-254
    Beattie, V., Goodacre, A., & Thomson, S. (2000). Recognition versus disclosure: An investigation of the impact on equity risk using UK operating lease disclosures. Journal of Business Finance & Accounting, 27(9‐10), 1185-1224.
    Beatty, A., Liao, S., & Weber, J. (2010). Financial reporting quality, private information, monitoring, and the lease-versus-buy decision. The Accounting Review, 85(4), 1215-1238.
    Bennett, B. K., & Bradbury, M. E. (2003). Capitalizing non‐cancelable operating leases. Journal of International Financial Management & Accounting, 14(2), 101-114.
    Branswijck, D., Longueville, S., & Everaert, P. (2011). The financial impact of the proposed amendments to IAS 17: evidence from Belgium and the Netherlands. Accounting and Management Information Systems, 10(2), 275.
    Brown, L. D. (2001). A temporal analysis of earnings surprises: Profits versus losses. Journal of Accounting Research, 39(2), 221-241.
    Bryan, S. H., Lilien, S., & Martin, D. R. (2010). The financial statement effects of capitalizing operating leases. The CPA journal, 80(8), 36.
    Callahan, C. M., Smith, R. E., & Spencer, A. W. (2013). The valuation and reliability implications of FIN 46 for synthetic lease liabilities. Journal of Accounting and Public Policy, 32(4), 271-291.
    Caskey, J., & Ozel, N. B. (2019). Reporting and non-reporting incentives in leasing. The Accounting Review 94(6) : 137-164.
    Chen, C. W., Correia, M., & Urcan, O. (2023). Accounting for Leases and Corporate Investment. Accounting Review, 98(3).
    Cheong, C. S., Kim, S., & Zurbruegg, R. (2010). The impact of IFRS on financial analysts' forecast accuracy in the Asia-Pacific region: The case of Australia, Hong Kong and New Zealand. Pacific Accounting Review, 22(2), 124-146.
    Cornaggia, K. J., Franzen, L. A., & Simin, T. T. (2013). Bringing leased assets onto the balance sheet. Journal of Corporate Finance, 22, 345-360.
    Cotter, J., Tarca, A., & Wee, M. (2012). IFRS adoption and analysts’ earnings fore-casts: Australian evidence. Accounting & Finance, 52(2), 395-419.
    Dechow, P. M., Ge, W., Larson, C. R., & Sloan, R. G. (2011). Predicting material accounting misstatements. Contemporary Accounting Research, 28(1), 17-82.
    Dhaliwal, D., Lee, H. S., & Neamtiu, M. (2011). The impact of operating leases on firm financial and operating risk. Journal of Accounting, Auditing & Finance, 26(2), 151-197.
    Eisfeldt, A. L., & Rampini, A. A. (2009). Leasing, ability to repossess, and debt capacity. The Review of Financial Studies, 22(4), 1621-1657.
    Eng, L. L., & Mak, Y. T. (2003). Corporate governance and voluntary disclosure. Journal of Accounting and Public Policy, 22(4), 325-345.
    FASB Accounting Standards Codification 842
    Forbes, R., & Gupta, G. (2019). New accounting standards for leases and their possible impacts on financial analyses and valuation. Journal of Forensic and Investigative Accounting, 11(3), 484-493.
    Fülbier, R. U., Silva, J. L., & Pferdehirt, M. H. (2008). Impact of lease capitalization on financial ratios of listed German companies. Schmalenbach Business Review, 60, 122-144.
    Gavazza, A. (2011). Leasing and secondary markets: Theory and evidence from commercial aircraft. Journal of Political Economy, 119(2), 325-377.
    Gallery, G., Cooper, E., & Sweeting, J. (2008). Corporate disclosure quality: lessons from Australian companies on the impact of adopting International Financial Reporting Standards. Australian Accounting Review, 18(3), 257-273.
    Graham, J. R., Lemmon, M. L., & Schallheim, J. S. (1998). Debt, leases, taxes, and the endogeneity of corporate tax status. The Journal of Finance, 53(1), 131-162.
    Graham, R. C., & Lin, K. C. (2018). How will the new lease accounting standard affect the relevance of lease asset accounting?. Advances in Accounting, 42, 83 95.
    Grossman, A. M., & Grossman, S. D. (2010). Capitalizing lease payments. CPA Journal, 80(5), 6-11.
    Imhoff, E.A., Lipe, R. C. & Wright, D.W. (1997) “Operating leases: Income effects of constructive capitalization”, Accounting Horizons, vol. 11, no.2: 12-32
    Imhoff Jr, E. A., Lipe, R. C., & Wright, D. W. (1991). Operating leases: Impact of constructive capitalization. Accounting Horizons, 5(1), 51.
    Imhoff Jr, E. A., & Thomas, J. K. (1988). Economic consequences of accounting standards: The lease disclosure rule change. Journal of Accounting and Economics, 10(4), 277-310.
    Inchausti, B. G. (1997). The influence of company
    characteristics and accounting reg-ulation on information disclosed by Spanish firms. European Accounting Re-view, 6(1), 45-68.
    Kusano, M., Sakuma, Y., & Tsunogaya, N. (2016). Economic consequences of changes in the lease accounting standard: Evidence from Japan. Journal of Contemporary Accounting & Economics, 12(1), 73-88.
    Kusano, M., Sakuma, Y., & Tsunogaya, N. (2015). Economic impacts of capitalization of operating leases: Evidence from Japan. Corporate Ownership and Control, 12(4), 838-850.
    Lim, S. C., Mann, S. C., & Mihov, V. T. (2017). Do operating leases expand credit capacity? Evidence from borrowing costs and credit ratings. Journal of Corporate Finance, 42, 100-114.
    Ma, M. S., & Thomas, W. B. (2023). Economic consequences of operating lease recognition. Journal of Accounting and Economics, 75(2-3), 101566.
    Maglio, R., Rapone, V., & Rey, A. (2018). Capitalisation of operating lease and its impact on firm’s financial ratios: Evidence from Italian listed companies. Corporate Ownership & Control, 15(3-1), 152-162.
    Milian, J. A., & Lee, E. J. (2023). Did the recognition of operating leases cause a decline in equity valuations?. Journal of Behavioral Finance, 1-15.
    Miller, M. H., & Upton, C. W. (1976). Leasing, buying, and the cost of capital services. The Journal of Finance, 31(3), 761-786.
    Mulford, C. W., & Gram, M. (2007). The effects of lease capitalization on various financial measures: An analysis of the retail industry. Journal of Applied Research in Accounting and Finance, 2(2), 3-13.
    Nelson, A. T. (1963). Capitalizing leases--The effect on financial ratios. Journal of Accountancy (pre-1986), 116(000001), 49.
    O'Brien, P. C., & Bhushan, R. (1990). Analyst following and institutional owner-ship. Journal of Accounting Research, 28, 55-76.
    OwusuAnsah, S. (1998). The impact of corporate attributes on the extent of mandatory disclosure and reporting by listed companies in Zimbabwe. The International Journal of Accounting, 33(5), 605-631.
    Rauh, J. D., & Sufi, A. (2012). Explaining corporate capital structure: Product markets, leases, and asset similarity. Review of Finance, 16(1), 115-155.
    Rogers, R. K., & Grant, J. (1997). Content analysis of information cited in reports of sell-side financial analysts. Journal of Financial Statement Analysis, 3, 17-31.
    Tan, H., Wang, S., & Welker, M. (2011). Analyst following and forecast accuracy after mandated IFRS adoptions. Journal of Accounting Research, 49(5), 1307-1357.
    United Airlines Holdings, INC, 2023 Annual Report
    Wallace, R. O., & Naser, K. (1995). Firm-specific determinants of the comprehensiveness of mandatory disclosure in the corporate annual reports of firms listed on the stock exchange of Hong Kong. Journal of Accounting and Public policy, 14(4), 311-368.
    Weber, D. P. (2009). Do analysts and investors fully appreciate the implications of book‐tax differences for future earnings?. Contemporary Accounting Research, 26(4), 1175-1206.
    Wolfson, M. A. (1985). Tax, incentive, and risk-sharing issues in the allocation of property rights: The generalized lease-or-buy problem. Journal of Business, 159 171.
    Wong, K., & Mahesh, J. (2015). The impact of lease capitalisation on financial statements and key ratios: Evidence from Australia. Australasian Accounting, Business and Finance Journal, 9(3), 27-44. H
    Description: 碩士
    國立政治大學
    會計學系
    111353029
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0111353029
    Data Type: thesis
    Appears in Collections:[會計學系] 學位論文

    Files in This Item:

    File SizeFormat
    index.html0KbHTML48View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback