Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/108339
| Title: | Exploring Financial Frontiers: A Journey Through Research and Discovery | Authors: | Li, Yani | Issue Date: | Aug-2024 | Abstract: | The paper "Does New Lease Accounting Standard ASC 842 Affect Bank Loan Pricing" explores whether the new accounting standard, requiring firms to recognize operating lease liabilities on the balance sheet, increases borrowing costs. Inspired by an internal seminar, we investigated the impact of ASC 842 on firms' balance sheets and book leverage, focusing on whether it affects banks' perceptions of credit risk. Using data from DealScan and Compustat, we found that high-leasing firms face higher loan spreads post-implementation. Guided by Prof. Qiang Wu, Dr. Sunny Sun, and Dr. Colin Zeng, our research won the Best Paper Award at JIAR 2023. | Keywords: | Accounting Standards and Regulations Financial Statement Analysis Credit Risk Assessment Empirical Research Methods Collaboration and Mentorship in Research |
Subjects: | Accounting -- Research Accounting -- Standards |
Rights: | All rights reserved |
| Appears in Collections: | Outstanding Work by Students |
Access
View full-text via https://ows.lib.polyu.edu.hk/s/ows/item/3913
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.