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SFAS No. 123R: the controversy and its economic consequences

SFAS No. 123R: the controversy and its economic consequences Purpose – To review the evolution of SFAS No. 123R, “Accounting for Share Based Compensation,” and examine the economic consequences of the standard for the first group of filers impacted by its provisions. Design/methodology/approach – The sample was the population of firms in the Russell 3000 having June 30, fiscal year‐ends. Findings – The study's findings suggest that the provisions of SFAS No. 123R remain controversial and that compliance with the standard had significant economic consequences for the sample of companies. Originality/value – This study provides evidence that SFAS No. 123R had significant economic consequences but that some of the standard's effects differed from earlier predictions. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Auditing Journal Emerald Publishing

SFAS No. 123R: the controversy and its economic consequences

Managerial Auditing Journal , Volume 23 (3): 12 – Mar 21, 2008

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Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
0268-6902
DOI
10.1108/02686900810857730
Publisher site
See Article on Publisher Site

Abstract

Purpose – To review the evolution of SFAS No. 123R, “Accounting for Share Based Compensation,” and examine the economic consequences of the standard for the first group of filers impacted by its provisions. Design/methodology/approach – The sample was the population of firms in the Russell 3000 having June 30, fiscal year‐ends. Findings – The study's findings suggest that the provisions of SFAS No. 123R remain controversial and that compliance with the standard had significant economic consequences for the sample of companies. Originality/value – This study provides evidence that SFAS No. 123R had significant economic consequences but that some of the standard's effects differed from earlier predictions.

Journal

Managerial Auditing JournalEmerald Publishing

Published: Mar 21, 2008

Keywords: Fair value; Stock options; Accounting standards; Compensation

References