Earnings Management and Its Pricing Implications: Evidence from Banks' Adjustments to the Valuation Allowance for Deferred Tax Assets under SFAS 109

Preprint

1 January 2000

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.228790

Abstract

SFAS 109, Accounting for income taxes, was criticized for allowing firms to set arbitrarily high valuation allowances against deferred tax assets at adoption as

Keywords

SSRN
EARNINGS MANAGEMENT AND ITS PRICING IMPLICATIONS: EVIDENCE FROM BANKS' ADJUSTMENTS TO THE VALUATION ALLOWANCE FOR DEFERRED TAX ASSETS UNDER SFAS 109
CATHERINE M. SCHRAND
M.H. FRANCO WONG

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