Zhang, Ran; Lu, Zhengfei; Ye, Kangtao - In: Journal of Accounting and Public Policy 29 (2010) 5, pp. 424-438
New Chinese Accounting Standards (CAS) released on February 15, 2006, prohibit the reversal of long-lived asset impairments, effective for reporting periods beginning January 1, 2007 and later. This development in the Chinese market provides a unique experimental setting to directly investigate...