Intangibles and management earnings forecasts  

作　　者：Ashraf Khallaf Yezen Kannan 

机构地区：[1]American University of Sharjah,United Arab Emirates [2]Zayed University,United Arab Emirates

出　　处：《China Journal of Accounting Research》2024年第2期54-73,共20页中国会计学刊（英文版）

摘　　要：We investigate how the accounting treatment of intangible assets on managers’likelihood of issuing voluntary earnings guidance(MEF).We find that unrecognized intangibles(immediately expensed)are negatively associated with MEF issuance,while recognized intangibles(capitalized)show a positive association.These findings hold across various factors such as analysts’coverage,industry type and for a subsample that excludes software firms permitted to capitalize software development costs under SFAS No.86.In additional,we investigate the cross-sectional determinants of MEF issuance based on the characteristics of firm intangibility.We find a significant increase in the likelihood of MEF issuance for higher unrecognized intangibles with greater earnings uncertainty.This suggests that managers may prioritize delivering valuerelevant information to market participants to alleviate uncertainty.

关 键 词：Voluntary disclosures Management earnings forecasts INTANGIBLES Information asymmetry UNCERTAINTY 

分 类 号：F832.51[经济管理—金融学] F275