Did FASB Interpretation Number 48 (FIN 48) Affect Noninnovative Corporate Investment?
نویسندگان
چکیده
ABSTRACT As firms lower innovative investment in response to FASB Interpretation Number 48 (FIN 48), they choose between reallocating those funds noninnovative investment, not changing or lowering investment. Using a difference-in-differences research design, I provide evidence of the latter outcome. also show that results persist each year following FIN 48, are consistent across both types and more prominent among with declining development (R&D) previously under continuous audit. these effects mitigated when managers have greater incentives reallocate My findings respond Blouin Robinson (2014) call understand real by providing it lowers firms’ for
منابع مشابه
Analog Dialogue Volume 48 Number 2
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ژورنال
عنوان ژورنال: Journal of The American Taxation Association
سال: 2023
ISSN: ['0198-9073', '1558-8017']
DOI: https://doi.org/10.2308/jata-2021-034