{"id":"https://openalex.org/W1984415641","doi":"https://doi.org/10.1016/j.intacc.2013.10.008","title":"The Value Relevance and Timeliness of Write-downs During the Financial Crisis of 2007\u20132009","display_name":"The Value Relevance and Timeliness of Write-downs During the Financial Crisis of 2007\u20132009","publication_year":2013,"publication_date":"2013-10-26","ids":{"openalex":"https://openalex.org/W1984415641","doi":"https://doi.org/10.1016/j.intacc.2013.10.008","mag":"1984415641"},"language":"en","primary_location":{"id":"doi:10.1016/j.intacc.2013.10.008","doi":"https://doi.org/10.1016/j.intacc.2013.10.008","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.intacc.2013.10.008","pdf_url":null,"source":{"id":"https://openalex.org/S5835822","display_name":"The International Journal of Accounting","issn_l":"0020-7063","issn":["0020-7063","1094-4060","1879-2251","2213-3933"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The International Journal of Accounting","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5067623007","display_name":"Andrea Beltratti","orcid":"https://orcid.org/0000-0001-8629-684X","observed_orcids":["https://orcid.org/0000-0001-8629-684X"]},"institutions":[{"id":"https://openalex.org/I71209653","display_name":"Bocconi University","ror":"https://ror.org/05crjpb27","country_code":"IT","type":"education","lineage":["https://openalex.org/I71209653"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Andrea Beltratti","raw_affiliation_strings":["Department of Finance, Bocconi University, Milan, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, Bocconi University, Milan, Italy","institution_ids":["https://openalex.org/I71209653"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5038479426","display_name":"Nasser Spear","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I165779595","display_name":"The University of Melbourne","ror":"https://ror.org/01ej9dk98","country_code":"AU","type":"education","lineage":["https://openalex.org/I165779595"]}],"countries":["AU"],"is_corresponding":true,"raw_author_name":"Nasser Spear","raw_affiliation_strings":["Department of Accounting, The University of Melbourne, Victoria, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting, The University of Melbourne, Victoria, Australia","institution_ids":["https://openalex.org/I165779595"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5037685189","display_name":"Mark Daniel Szabo","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I165779595","display_name":"The University of Melbourne","ror":"https://ror.org/01ej9dk98","country_code":"AU","type":"education","lineage":["https://openalex.org/I165779595"]}],"countries":["AU"],"is_corresponding":false,"raw_author_name":"Mark Daniel Szabo","raw_affiliation_strings":["Department of Accounting, The University of Melbourne, Victoria, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting, The University of Melbourne, Victoria, Australia","institution_ids":["https://openalex.org/I165779595"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5038479426"],"corresponding_institution_ids":["https://openalex.org/I165779595"],"apc_list":{"value":1800,"currency":"USD","value_usd":1800},"apc_paid":null,"fwci":7.4845,"has_fulltext":false,"cited_by_count":12,"citation_normalized_percentile":{"value":0.96517691,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":96},"biblio":{"volume":"48","issue":"4","first_page":"467","last_page":"494"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9272000193595886,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9272000193595886,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13366","display_name":"Accounting Theory and Financial Reporting","score":0.042100001126527786,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.008700000122189522,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/write-downs","display_name":"write-downs","score":0.8159999847412109},{"id":"https://openalex.org/keywords/fair-value-accounting","display_name":"fair value accounting","score":0.8029999732971191},{"id":"https://openalex.org/keywords/value-relevance","display_name":"value relevance","score":0.8190000057220459},{"id":"https://openalex.org/keywords/timeliness","display_name":"timeliness","score":0.7820000052452087},{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.9459999799728394},{"id":"https://openalex.org/keywords/bank-financial-reporting","display_name":"bank financial reporting","score":0.5879999995231628},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.6940000057220459},{"id":"https://openalex.org/keywords/earnings-management","display_name":"earnings management","score":0.7639999985694885},{"id":"https://openalex.org/keywords/capital-management","display_name":"capital management","score":0.9430000185966492},{"id":"https://openalex.org/keywords/accounting-standards-enforcement","display_name":"accounting standards enforcement","score":0.6299999952316284}],"concepts":[{"id":"https://openalex.org/C158154518","wikidata":"https://www.wikidata.org/wiki/Q7310970","display_name":"Relevance (law)","level":2,"score":0.7416340112686157},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.678587794303894},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.653178334236145},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4755656123161316},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.40561336278915405},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.39787399768829346},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3688531816005707},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.36318910121917725},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.20007294416427612},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.1441667377948761},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.08308103680610657},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.07621806859970093},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.intacc.2013.10.008","doi":"https://doi.org/10.1016/j.intacc.2013.10.008","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.intacc.2013.10.008","pdf_url":null,"source":{"id":"https://openalex.org/S5835822","display_name":"The International Journal of Accounting","issn_l":"0020-7063","issn":["0020-7063","1094-4060","1879-2251","2213-3933"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The International Journal of Accounting","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:accoun:v:48:y:2013:i:4:p:467-494","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S002070631300109X","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:iris.unibocconi.it:11565/3864504","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/11565/3864504","pdf_url":null,"source":{"id":"https://openalex.org/S7407055170","display_name":"Archivio istituzionale della Ricerca - Bocconi","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":43,"referenced_works":["https://openalex.org/W21434973","https://openalex.org/W1538137979","https://openalex.org/W1576074288","https://openalex.org/W1608820846","https://openalex.org/W1931615850","https://openalex.org/W1941171521","https://openalex.org/W1968294966","https://openalex.org/W1969156355","https://openalex.org/W2048133579","https://openalex.org/W2048997388","https://openalex.org/W2060890596","https://openalex.org/W2063749425","https://openalex.org/W2090758019","https://openalex.org/W2091561867","https://openalex.org/W2123480173","https://openalex.org/W2126367158","https://openalex.org/W2142463797","https://openalex.org/W2150133863","https://openalex.org/W2150377643","https://openalex.org/W2206971134","https://openalex.org/W2247649312","https://openalex.org/W2324369109","https://openalex.org/W2735119688","https://openalex.org/W2956082484","https://openalex.org/W3121809002","https://openalex.org/W3122137003","https://openalex.org/W3122573348","https://openalex.org/W3122956217","https://openalex.org/W3123057849","https://openalex.org/W3123349974","https://openalex.org/W3123530691","https://openalex.org/W3123913943","https://openalex.org/W3124369566","https://openalex.org/W3124960707","https://openalex.org/W3125688476","https://openalex.org/W3125714376","https://openalex.org/W3125895283","https://openalex.org/W4205623542","https://openalex.org/W4214964935","https://openalex.org/W4226061747","https://openalex.org/W6640661618","https://openalex.org/W6675806986","https://openalex.org/W6741137146"],"related_works":["https://openalex.org/W7099516172","https://openalex.org/W4242654595","https://openalex.org/W1931615850","https://openalex.org/W3111258796","https://openalex.org/W7100941368","https://openalex.org/W1579351530","https://openalex.org/W2989929546","https://openalex.org/W7019795874","https://openalex.org/W2964497018","https://openalex.org/W4244738168"],"abstract_inverted_index":{"This":[0],"study":[1,24],"examines":[2],"the":[3,18,29,38,45,112],"value":[4,42],"relevance":[5],"and":[6,14,33,94],"timeliness":[7],"of":[8,21,40,54],"write-downs":[9,32,58,96,108],"reported":[10],"by":[11],"North":[12],"American":[13],"European":[15],"banks":[16],"during":[17,44],"financial":[19,113],"crisis":[20],"2007\u20132009.":[22],"Our":[23,87],"extends":[25],"Vyas":[26],"(2011),":[27],"considering":[28],"association":[30],"between":[31],"stock":[34],"returns":[35],"to":[36,65,77,80],"evaluate":[37],"performance":[39],"fair":[41],"standards":[43,55,73],"crisis.":[46,114],"Specifically,":[47],"we":[48],"investigate":[49],"claims":[50],"that":[51,59,72,91],"strict":[52],"enforcements":[53],"resulted":[56],"in":[57,82],"were":[60,74,109],"excessive":[61],"or":[62,70,84],"unnecessary":[63],"due":[64],"temporary":[66],"market":[67],"price":[68],"distortions,":[69],"conversely,":[71],"flexible":[75],"enough":[76],"allow":[78],"managers":[79],"engage":[81],"earnings":[83],"capital":[85],"management.":[86],"empirical":[88],"results":[89],"show":[90],"both":[92],"fair-value":[93],"aggregate":[95],"are":[97],"associated":[98],"dollar-for-dollar":[99],"with":[100],"contemporaneous":[101],"security":[102],"returns,":[103],"suggesting":[104],"that,":[105],"on":[106],"average,":[107],"timely":[110],"throughout":[111]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}
