東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

Management Going Concern Disclosure.

Wang, Jingjing.

FindBook

Google Book

Amazon

博客來

Management Going Concern Disclosure.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Management Going Concern Disclosure./
Author:	Wang, Jingjing.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2020,
Description:	128 p.
Notes:	Source: Dissertations Abstracts International, Volume: 82-06, Section: A.
Contained By:	Dissertations Abstracts International82-06A.
Online resource:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=27997313
ISBN:	9798698544746

Management Going Concern Disclosure.
Wang, Jingjing.

Management Going Concern Disclosure. - Ann Arbor : ProQuest Dissertations & Theses, 2020 - 128 p.

Source: Dissertations Abstracts International, Volume: 82-06, Section: A.

Thesis (Ph.D.)--University of Toronto (Canada), 2020.

This item must not be sold to any third party vendors.

An entity's ability to continue as a going concern (GC), or the ability to fulfill obligations when they become due, is one of the key concerns of businesses, investors, and policymakers. My dissertation provides a comprehensive study of management GC disclosures and generates insights that are timely and highly policy-relevant. Chapter one examines management GC disclosures after the implementation of ASU 2014-15, a new accounting standard issued by the FASB requiring management to evaluate GC uncertainties quarterly and to provide disclosures in the notes to the financial statements. I first show that the market reacts negatively to such disclosures overall. More importantly, by employing highly detailed textual analysis to extract and categorize mitigation-plan discussions, I find that certain types of management mitigation plans are interpreted positively by investors, thereby alleviating the negative market reactions. These plans include selling assets, increasing liquidity through debt, equity, and grants, and revenue-enhancing strategies. Further, I demonstrate that management GC disclosures are associated with corporate failures and that mitigation-plan discussions can indicate firms' future viability.Chapter two focuses on management strategic behavior related to avoiding GC disclosures. Managers contemplate potential consequences to decide whether to disclose GC uncertainties. Chapter two explores how to separate "strategic firms" - companies with substantial doubt in GC but whose managers do not provide adequate disclosures - from "truthful firms." Employing a linguistic model built based on textual features extracted from the Q&A sections of conference calls for distressed firms, I demonstrate that the strategic executives talk longer and in a less negative tone. The strategic executives are more likely to use deceptive language and to mention non-GAAP measures and macroeconomic information and are less likely to discuss litigation and liquidity matters. I further extend the linguistic model to the non-distressed sample and predict the strategic scores indicating whether firms have GC uncertainties but withhold such disclosures. I find that the strategic firms are less likely to mention the word "going concern" in the financial reports and tend to increase their leverage after a new GC standard - ASU 2014-15 - was issued by the FASB.

ISBN: 9798698544746Subjects--Index Terms:

Accounting Standards

Management Going Concern Disclosure.
LDR:03508nmm a2200361 4500 001 2276875
005 20210510092430.5
008 220723s2020 ||||||||||||||||| ||eng d
020 $a 9798698544746
035 $a (MiAaPQ)AAI27997313
035 $a AAI27997313
040 $a MiAaPQ $c MiAaPQ
100 1 $a Wang, Jingjing. $3 2132638
245 1 0 $a Management Going Concern Disclosure.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2020
300 $a 128 p.
500 $a Source: Dissertations Abstracts International, Volume: 82-06, Section: A.
500 $a Advisor: Hope, Ole-Kristian.
502 $a Thesis (Ph.D.)--University of Toronto (Canada), 2020.
506 $a This item must not be sold to any third party vendors.
520 $a An entity's ability to continue as a going concern (GC), or the ability to fulfill obligations when they become due, is one of the key concerns of businesses, investors, and policymakers. My dissertation provides a comprehensive study of management GC disclosures and generates insights that are timely and highly policy-relevant. Chapter one examines management GC disclosures after the implementation of ASU 2014-15, a new accounting standard issued by the FASB requiring management to evaluate GC uncertainties quarterly and to provide disclosures in the notes to the financial statements. I first show that the market reacts negatively to such disclosures overall. More importantly, by employing highly detailed textual analysis to extract and categorize mitigation-plan discussions, I find that certain types of management mitigation plans are interpreted positively by investors, thereby alleviating the negative market reactions. These plans include selling assets, increasing liquidity through debt, equity, and grants, and revenue-enhancing strategies. Further, I demonstrate that management GC disclosures are associated with corporate failures and that mitigation-plan discussions can indicate firms' future viability.Chapter two focuses on management strategic behavior related to avoiding GC disclosures. Managers contemplate potential consequences to decide whether to disclose GC uncertainties. Chapter two explores how to separate "strategic firms" - companies with substantial doubt in GC but whose managers do not provide adequate disclosures - from "truthful firms." Employing a linguistic model built based on textual features extracted from the Q&A sections of conference calls for distressed firms, I demonstrate that the strategic executives talk longer and in a less negative tone. The strategic executives are more likely to use deceptive language and to mention non-GAAP measures and macroeconomic information and are less likely to discuss litigation and liquidity matters. I further extend the linguistic model to the non-distressed sample and predict the strategic scores indicating whether firms have GC uncertainties but withhold such disclosures. I find that the strategic firms are less likely to mention the word "going concern" in the financial reports and tend to increase their leverage after a new GC standard - ASU 2014-15 - was issued by the FASB.
590 $a School code: 0779.
653 $a Accounting Standards
653 $a Corporate Failure
653 $a Going Concern
653 $a Management Disclosure
653 $a Textual Analysis
690 $a 0272
690 $a 0454
710 2 $a University of Toronto (Canada). $b Management. $3 2102915
773 0 $t Dissertations Abstracts International $g 82-06A.
790 $a 0779
791 $a Ph.D.
792 $a 2020
793 $a English
856 4 0 $u https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=27997313