10.31德勤-复旦会计论坛系列讲座之六十六

时间:2014年10月31日(周五)下午14:30

地点:史带楼303室

主持人: 徐浩萍 副教授

演讲嘉宾:Heung-Joo Cha (University of Redlands)

TitleThe Effect of Capitalizing Operating Lease on Lessees’ Financials

AbstractTo examine the financial effects of the proposed right-to-use model (or capitalization of operating lease) for lessees with the U.S. public firms, we analyzed 80 experimental firms and 88 control firms. Our results show that the adoption of the right-to-use model has insignificant effects on the liquidity measure of the current ratio. However, the adoption has strong negative effects on the financial flexibility measured by the debt-to-asset ratio, and has significant effects on the various profitability measures of EBIT and EBT. Thus, our findings indicate that the adoption of the right-to-use model has significant economic consequences to the firms whose relatively large portions of the long-term leased properties are classified as operating leases under the current accounting rules

 

会计学系

2014-10-27