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Asset Write‐downs: Evidence from 2001–2008
Author(s) -
Spear Nasser A.,
Taylor Alexandra M.
Publication year - 2011
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.2010.00114.x
Subject(s) - asset (computer security) , sample (material) , accounting , economics , business , financial crisis , subject (documents) , financial economics , monetary economics , macroeconomics , chemistry , computer security , chromatography , library science , computer science
Accounting for asset write‐downs has received substantial media attention throughout the Global Financial Crisis and has been the subject of academic debate and numerous accounting regulations during the past three decades. This study provides evidence of the magnitude and frequency of quarterly asset write‐down activities for a sample of US firms between 2001 and 2008 and examines whether reported asset write‐downs mirror market and economic indicators during the sample period.