Corporate investment and changes in GAAP
This paper investigates whether changes in Generally Accepted Accounting Principles (GAAP) affect corporate investment decisions. Using a sample containing forty nine changes in GAAP, I find that changes in accounting rules affect investment decisions. I then examine two mechanisms through which cha...
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| Format: | Article |
| Language: | English |
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Springer-Verlag
2017
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| Online Access: | http://hdl.handle.net/1721.1/107959 https://orcid.org/0000-0002-3472-5443 |