beat earnings benchmarks, we find that abnormal ALL is unrelated to next period's loss avoidance and just meeting or … discretion as a means to build a cushion against future credit losses as they transition from the incurred loss model to the … expected loss model for loan loss accounting …

This paper examines the asset write-off behavior of loss firms in response to tax rule changes. In particular, we … investigate two simultaneous changes in tax loss carryforward offsetting in opposite directions in Germany and France … of the firm value. We hypothesize and find that following changes in tax loss carryforward offsetting rules, loss firms …

In this study, we examine whether estimated loss reversal probabilities are fully reflected in UK stock market prices …. Overall, we provide evidence of varying degrees and types of loss firm mispricing with respect to estimated loss reversal … probabilities. In particular, a significant and positive relationship between loss reversal probability and annual returns is found …