Recognition versus disclosure:an investigation of the impact on equity risk using UK operating lease disclosures

Beattie, Vivien and Goodacre, Alan and Thomson, Sarah Jane (2000) Recognition versus disclosure:an investigation of the impact on equity risk using UK operating lease disclosures. Journal of Business Finance and Accounting, 27 (9&10). pp. 1185-1224. ISSN 0306-686X

Full text not available from this repository.

Abstract

This study examines the equivalency of accounting recognition versus disclosure. OLS regression analysis is used to determine whether there is an association between equity risk and an adjustment to financial risk for off-balance sheet operating leases. Two methods of adjustment are considered: constructive capitalisation and a simple factor method. The observation of a reliably positive association suggests that UK investors/analysts view operating leases from a property rights perspective rather than an ownership perspective. This supports the argument for recognition of all lease rights and obligations ‘on-balance sheet’, as proposed in the recent G4+1 discussion paper ASB (1999).

Item Type:
Journal Article
Journal or Publication Title:
Journal of Business Finance and Accounting
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1402
Subjects:
ID Code:
66449
Deposited By:
Deposited On:
17 Sep 2013 08:11
Refereed?:
Yes
Published?:
Published
Last Modified:
24 Mar 2020 03:33