| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4685 |
| 来源ID | Working Paper 4685 |
| Accounting Standards, Information Flow, and Firm Investment Behavior | |
| Jason G. Cummins; Trevor S. Harris; Kevin A. Hassett | |
| 发表日期 | 1994-03-01 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | We present a description of two different accounting regimes that govern reporting practice in most developed countries. 'One-book' countries, e.g. Germany, use their tax books as the basis for financial reporting and 'two-book' countries, e.g. the United States, keep the books largely separate. We derive a structural model and formalize a testable implication of our discussion: firms in one-book countries may be reluctant to claim some tax benefits if reductions in taxable income may be misinterpreted by financial market participants as signals of lower profitability. Econometric estimates suggest that accounting regime differences play an important role in describing domestic investment patterns both within and across countries. |
| URL | https://www.nber.org/papers/w4685 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562075 |
| 推荐引用方式 GB/T 7714 | Jason G. Cummins,Trevor S. Harris,Kevin A. Hassett. Accounting Standards, Information Flow, and Firm Investment Behavior. 1994. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4685.pdf（572KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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