Firms enjoy wide discretion in their disclosure of patent-related events, which investors generally view as "good news" announcements. This study examines patent disclosure behavior before earnings announcements in light of managers incentives to avoid the stock price-related consequences of...

The synthetic lease is a hybrid financing structure that allows a company to have many of the benefits of asset ownership, including capital lease treatment for tax purposes, while treating lease payments as operating expenses on the firms income statement. Proponents of these transactions argue...

This study assesses the unintended effects of recent accounting regulation (SFAS 144) on a specificform of real activities earnings management, namely the timing of asset sales to smooth income. Thispaper finds that, by changing the qualifying criteria for discontinued operations, SFAS 144...