In 2016, the Financial Accounting Standards Board updated the way lease transactions are reported. This paper offers insight into the financial reporting quality of the early adopters of Accounting Standards Update on Leases, ASU 2016-02. Methodology modeled after an event study on clawback provisions conducted by Dehaan, Hodge, and Shelvin (2013) aids in the development of the hypothesis and matched-sample event study using restatements and audit opinions as proxies for financial reporting quality. It is hypothesized that the early adopters of ASU 2016-02 will have better financial reporting quality when compared to a control group. Results do not support the hypothesis, so an additional analysis on the characteristics of the early adopters is conducted showing poor financial performance potentially explained by the Big Bath Theory.
","abstract_html":"<p>In 2016, the Financial Accounting Standards Board updated the way lease transactions are reported. This paper offers insight into the financial reporting quality of the early adopters of Accounting Standards Update on Leases, ASU 2016-02. Methodology modeled after an event study on clawback provisions conducted by Dehaan, Hodge, and Shelvin (2013) aids in the development of the hypothesis and matched-sample event study using restatements and audit opinions as proxies for financial reporting quality. It is hypothesized that the early adopters of ASU 2016-02 will have better financial reporting quality when compared to a control group. Results do not support the hypothesis, so an additional analysis on the characteristics of the early adopters is conducted showing poor financial performance potentially explained by the Big Bath Theory.</p>","abstract_has_math":false,"creators":["Eubanks, Hannah D."],"institution":null,"degree_name":"Business, Accounting","degree_level":"Thesis","degree_discipline":"Accounting and Finance Department","degree_department":null,"school":null,"contributors":["Dr. Jasmine Bordere","Dr. Brett Cotten","Jacqueline Radebaugh"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2019,"date_issued":"2019-01-01T08:00:00Z","date_published":"2019-01-01T08:00:00Z","updated_at":"2026-07-24T01:45:01Z","subjects":["Lease","Accounting Standards Update","Financial Reporting Quality","Financial Characteristics","Early Adoption","Accounting","Corporate Finance","Finance and Financial Management"],"languages":["English"],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://csuepress.columbusstate.edu/theses_dissertations/351","outbound_label":"Repository record","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Dr. Jasmine Bordere","Dr. Brett Cotten","Jacqueline Radebaugh"]},{"key":"dc:creator","label":"Author","values":["Eubanks, Hannah D."]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.available","label":"Dc Date Available","values":["2020-01-30T08:00:00Z"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Accounting and Finance Department"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Thesis"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Business, Accounting"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Lease","Accounting Standards Update","Financial Reporting Quality","Financial Characteristics","Early Adoption","Accounting","Corporate Finance","Finance and Financial Management"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["English"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["https://csuepress.columbusstate.edu/theses_dissertations/351"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["In 2016, the Financial Accounting Standards Board updated the way lease transactions are reported. This paper offers insight into the financial reporting quality of the early adopters of Accounting Standards Update on Leases, ASU 2016-02. Methodology modeled after an event study on clawback provisions conducted by Dehaan, Hodge, and Shelvin (2013) aids in the development of the hypothesis and matched-sample event study using restatements and audit opinions as proxies for financial reporting quality. It is hypothesized that the early adopters of ASU 2016-02 will have better financial reporting quality when compared to a control group. Results do not support the hypothesis, so an additional analysis on the characteristics of the early adopters is conducted showing poor financial performance potentially explained by the Big Bath Theory.
"]},{"key":"dc:title","label":"Title","values":["An Analysis of the Financial Reporting Quality of Early Adopters of Accounting Standards Update, ASU 2016-02"]}]}],"canonical_facts":{"dc:contributor":["Dr. Jasmine Bordere","Dr. Brett Cotten","Jacqueline Radebaugh"],"dc:creator":["Eubanks, Hannah D."],"dc:date.available":["2020-01-30T08:00:00Z"],"dc:description.abstract":["In 2016, the Financial Accounting Standards Board updated the way lease transactions are reported. This paper offers insight into the financial reporting quality of the early adopters of Accounting Standards Update on Leases, ASU 2016-02. Methodology modeled after an event study on clawback provisions conducted by Dehaan, Hodge, and Shelvin (2013) aids in the development of the hypothesis and matched-sample event study using restatements and audit opinions as proxies for financial reporting quality. It is hypothesized that the early adopters of ASU 2016-02 will have better financial reporting quality when compared to a control group. Results do not support the hypothesis, so an additional analysis on the characteristics of the early adopters is conducted showing poor financial performance potentially explained by the Big Bath Theory.
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