The Effects of New Accounting Standards on Firm Value: The K-IFRS 1116 Lease
We examine how the implementation of the K-IFRS No.1116 Lease affects firm value. This new accounting standard mandates capitalization of all leases, resulting in changes in the key accounting leverage ratios and rates of return. The contracting costs hypothesis suggests that changes in accounting t...
| Published in: | International Journal of Financial Studies |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-08-01
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| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7072/10/3/68 |