Liu, Hang; Zhao, Yichao - In: China journal of accounting studies 10 (2022) 3, pp. 301-322
Extensive studies have found that investors misprice book-tax differences (BTDs). We take the accelerated depreciation … temporary BTD is generated due to the tax preferential policies of accelerated depreciation, and the temporary BTD disclosed in … financial statements can be clearly understood by investors, will investors still misprice it? We find that accelerated …