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Recognition versus disclosure: an investigation of the impact on equity risk using UK operating lease disclosures

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Recognition versus disclosure: an investigation of the impact on equity risk using UK operating lease disclosures. / Beattie, Vivien; Goodacre, Alan; Thomson, Sarah Jane.
In: Journal of Business Finance and Accounting, Vol. 27, No. 9&10, 11.2000, p. 1185-1224.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Beattie, V, Goodacre, A & Thomson, SJ 2000, 'Recognition versus disclosure: an investigation of the impact on equity risk using UK operating lease disclosures', Journal of Business Finance and Accounting, vol. 27, no. 9&10, pp. 1185-1224. https://doi.org/10.1111/1468-5957.00352

APA

Beattie, V., Goodacre, A., & Thomson, S. J. (2000). Recognition versus disclosure: an investigation of the impact on equity risk using UK operating lease disclosures. Journal of Business Finance and Accounting, 27(9&10), 1185-1224. https://doi.org/10.1111/1468-5957.00352

Vancouver

Beattie V, Goodacre A, Thomson SJ. Recognition versus disclosure: an investigation of the impact on equity risk using UK operating lease disclosures. Journal of Business Finance and Accounting. 2000 Nov;27(9&10):1185-1224. doi: 10.1111/1468-5957.00352

Author

Beattie, Vivien ; Goodacre, Alan ; Thomson, Sarah Jane. / Recognition versus disclosure : an investigation of the impact on equity risk using UK operating lease disclosures. In: Journal of Business Finance and Accounting. 2000 ; Vol. 27, No. 9&10. pp. 1185-1224.

Bibtex

@article{94634d8fc0d943b2b493f242b19f82ab,
title = "Recognition versus disclosure: an investigation of the impact on equity risk using UK operating lease disclosures",
abstract = "This study examines the equivalency of accounting recognition versus disclosure. OLS regression analysis is used to determine whether there is an association between equity risk and an adjustment to financial risk for off-balance sheet operating leases. Two methods of adjustment are considered: constructive capitalisation and a simple factor method. The observation of a reliably positive association suggests that UK investors/analysts view operating leases from a property rights perspective rather than an ownership perspective. This supports the argument for recognition of all lease rights and obligations {\textquoteleft}on-balance sheet{\textquoteright}, as proposed in the recent G4+1 discussion paper ASB (1999).",
keywords = "constructive capitalism, leasing, equity risk, off-balance sheet finance, recognition vs. disclosure",
author = "Vivien Beattie and Alan Goodacre and Thomson, {Sarah Jane}",
year = "2000",
month = nov,
doi = "10.1111/1468-5957.00352",
language = "English",
volume = "27",
pages = "1185--1224",
journal = "Journal of Business Finance and Accounting",
issn = "0306-686X",
publisher = "Wiley-Blackwell",
number = "9&10",

}

RIS

TY - JOUR

T1 - Recognition versus disclosure

T2 - an investigation of the impact on equity risk using UK operating lease disclosures

AU - Beattie, Vivien

AU - Goodacre, Alan

AU - Thomson, Sarah Jane

PY - 2000/11

Y1 - 2000/11

N2 - This study examines the equivalency of accounting recognition versus disclosure. OLS regression analysis is used to determine whether there is an association between equity risk and an adjustment to financial risk for off-balance sheet operating leases. Two methods of adjustment are considered: constructive capitalisation and a simple factor method. The observation of a reliably positive association suggests that UK investors/analysts view operating leases from a property rights perspective rather than an ownership perspective. This supports the argument for recognition of all lease rights and obligations ‘on-balance sheet’, as proposed in the recent G4+1 discussion paper ASB (1999).

AB - This study examines the equivalency of accounting recognition versus disclosure. OLS regression analysis is used to determine whether there is an association between equity risk and an adjustment to financial risk for off-balance sheet operating leases. Two methods of adjustment are considered: constructive capitalisation and a simple factor method. The observation of a reliably positive association suggests that UK investors/analysts view operating leases from a property rights perspective rather than an ownership perspective. This supports the argument for recognition of all lease rights and obligations ‘on-balance sheet’, as proposed in the recent G4+1 discussion paper ASB (1999).

KW - constructive capitalism

KW - leasing

KW - equity risk

KW - off-balance sheet finance

KW - recognition vs. disclosure

U2 - 10.1111/1468-5957.00352

DO - 10.1111/1468-5957.00352

M3 - Journal article

VL - 27

SP - 1185

EP - 1224

JO - Journal of Business Finance and Accounting

JF - Journal of Business Finance and Accounting

SN - 0306-686X

IS - 9&10

ER -