The effect of assests write on the firm's performance / Min-Tsung Cheng
This study uses empirical evidence to determine if management recognition asset write-offs improves firm performance. The examination focuses on take-a-bath and information content strategies. The available research on management write-offs behavior presents conflicting results, some of which are in...
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| フォーマット: | 図書 |
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Universiti Teknologi MARA Cawangan Selangor,
2016-06.
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| 主題: | |
| オンライン･アクセス: | Link Metadata |
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| 要約: | This study uses empirical evidence to determine if management recognition asset write-offs improves firm performance. The examination focuses on take-a-bath and information content strategies. The available research on management write-offs behavior presents conflicting results, some of which are interesting. First, for samples positioned at the 1%, 10%, 20%, 90% and 99% quantile level of firm performance ranking, a number of write-offs was found to positively affect the firm's future performance, supporting the information content hypothesis. However, least squares estimates indicated a negative relationship. Second, under the least squares approach, firm performance was improved in the period following the write-offs at various quantiles, both of which support the take-a-bath hypothesis. Third, testing the equality of individual points can ensure the requisites for quantile analysis and most two-by-two matching coefficients had significant odds. |
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| 記述事項: | https://ir.uitm.edu.my/id/eprint/31005/1/AJ_MIN%20TSUNG%20CHENG%20MAR%20B%2016.pdf |