Asset Impairments and Earnings Management
Zhao Chunguang
The standard of asset impairments was issued at Feb 15, 2006, which doesn't permit to reverse asset impairments. The paper studies the relationship between asset impairments and earnings management, and finds that the companies which lose before asset impairments manage earnings by asset impairments to avoid losses or big bath, and the companies which gain before asset impairments manage earnings by asset impairments to smooth earnings or avoid earnings decreases.
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