Detail Firms' Voluntary Recognition of Stock-Based Compensation Expense (Journal of Accounting Research 42, 2004) Bibliografi Author: Aboody, David ; Barth, Mary E. ; Kasznik, Ron Topik: Statement of Financial Accounting Standards; SFAS No.123; Stock-Based Compensation Expense Bahasa: (EN )     Penerbit: Blackwell Publishing     Tempat Terbit: Oxford    Tahun Terbit: 2004     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: Firms Voluntary Recognition of Stock-Based Compensation Expense.pdf (450.77KB; 1 download) Abstract This study investigates factors associated with firms’ decisions in 2002 and early 2003 to recognize stock-based compensation expense under Statement of Financial Accounting Standards (SFAS) No. 123. We find that the likelihood of SFAS 123 expense recognition is significantly related to the extent the firm is active in capital markets, private incentives of top management and members of the board of directors, the extent of information asymmetry, and political costs. Although recognizing firms have significantly smaller SFAS 123 expense, we find no significant incremental relation between recognition likelihood and SFAS 123 expense magnitude after controlling for other factors we expect explain the recognition decision. We also find significant positive announcement returns for earlier announcing firms, particularly those stating that increased earnings transparency motivates their decision. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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