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The Impact of ASC 606 and Firm Characteristics on Revenue Manipulation.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	The Impact of ASC 606 and Firm Characteristics on Revenue Manipulation./
Author:	Hubbard, Benjamin Grant.
Description:	1 online resource (59 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 84-10, Section: A.
Contained By:	Dissertations Abstracts International84-10A.
Subject:	Investments. -
Online resource:	click for full text (PQDT)
ISBN:	9798379435394

The Impact of ASC 606 and Firm Characteristics on Revenue Manipulation.
Hubbard, Benjamin Grant.

The Impact of ASC 606 and Firm Characteristics on Revenue Manipulation. - 1 online resource (59 pages)

Source: Dissertations Abstracts International, Volume: 84-10, Section: A.

Thesis (Ph.D.)--Purdue University, 2023.

Includes bibliographical references

The implementation of ASC 606 significantly changed revenue recognition practices for many firms in the capital market by increasing the level of discretion required to record revenue amounts. I examine the impact of this increase in discretion on revenue manipulation around external targets. I find that firms near analyst revenue targets have increased levels of discretionary revenues under ASC 606 relative to their peers, indicating increased revenue manipulation. Further analysis reveals that these increased levels of discretionary revenues are concentrated in firms characterized as having increased opportunity or incentive to use ASC 606 opportunistically to manipulate revenues upwards. Specifically, firms with more complex revenue operations and firms in earlier life cycles are associated with increased discretionary revenues under ASC 606. I also provide preliminary evidence of revenue manipulation varying systematically with industry characteristics. This paper is one of the first to provide evidence of capital market consequences stemming from ASC 606, while also highlighting the impact of firm characteristics on the choice to manage revenues.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798379435394Subjects--Topical Terms:

557691
Investments.
Index Terms--Genre/Form:

554714
Electronic books.

The Impact of ASC 606 and Firm Characteristics on Revenue Manipulation.
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245 1 4 $a The Impact of ASC 606 and Firm Characteristics on Revenue Manipulation.
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300 $a 1 online resource (59 pages)
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500 $a Source: Dissertations Abstracts International, Volume: 84-10, Section: A.
500 $a Advisor: Black, Jonathan.
502 $a Thesis (Ph.D.)--Purdue University, 2023.
504 $a Includes bibliographical references
520 $a The implementation of ASC 606 significantly changed revenue recognition practices for many firms in the capital market by increasing the level of discretion required to record revenue amounts. I examine the impact of this increase in discretion on revenue manipulation around external targets. I find that firms near analyst revenue targets have increased levels of discretionary revenues under ASC 606 relative to their peers, indicating increased revenue manipulation. Further analysis reveals that these increased levels of discretionary revenues are concentrated in firms characterized as having increased opportunity or incentive to use ASC 606 opportunistically to manipulate revenues upwards. Specifically, firms with more complex revenue operations and firms in earlier life cycles are associated with increased discretionary revenues under ASC 606. I also provide preliminary evidence of revenue manipulation varying systematically with industry characteristics. This paper is one of the first to provide evidence of capital market consequences stemming from ASC 606, while also highlighting the impact of firm characteristics on the choice to manage revenues.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Investments. $3 557691
650 4 $a Finance. $3 559073
655 7 $a Electronic books. $2 local $3 554714
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690 $a 0454
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710 2 $a Purdue University. $3 1184550
773 0 $t Dissertations Abstracts International $g 84-10A.
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