Timeliness of Asset Write-offs
- Timeliness of Asset Write-offs
- Choi, Tae Hee
- Write-off; Aggregate earnings; aggregate return; Timeliness of earnings; earnings management
- Issue Date
- Series/Report no.
- KDI Working Paper Series;06-03
- Anecdotal evidence shows that managers have plenty of discretion to manage the timing
of write-o®s to take action related to earnings management. In this paper, I examine
whether write-o®s are recorded in a timely manner. In particular, I investigate the
association between asset write-o®s and the market return over a long window as a
metric of testing the timeliness of write o®s. The result suggest that write-o®s are
recorded in a less timely manner compared to other components of earnings.
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