业绩达标:ASU 2016-02 后的酒店业公司

IF 3.4 4区 管理学 Q1 HOSPITALITY, LEISURE, SPORT & TOURISM Cornell Hospitality Quarterly Pub Date : 2024-02-23 DOI:10.1177/19389655241230229
Youngki Jang, Crocker H. Liu, David Weinbaum, Nir Yehuda
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引用次数: 0

摘要

与销售额相比,酒店业企业的平均经营租赁承诺是其他上市公司的 4 倍。最近颁布的会计准则更新第 2016-02 号(ASU 2016-02)要求承租人在资产负债表中确认经营租赁,作为对这一要求的回应,酒店业企业减少了经营租赁的使用,转而使用较短期的资产负债表外租赁。我们发现,这一变化并未对公司业绩、股东或员工产生负面影响。我们发现的唯一重要影响是,因新标准而减少经营性租赁的公司的信用评级有所提高。我们的研究结果与一些酒店业管理者和学者在标准出台前所表达的担忧并不一致。
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Performing Up to Par: Hospitality Firms After ASU 2016-02
Relative to sales, the average operating lease commitments of hospitality firms are 4 times larger than those of other publicly traded firms. In response to the recently enacted accounting standards update No. 2016-02 (ASU 2016-02) that requires lessees to recognize operating leases on their balance sheet, hospitality firms decreased their use of operating leases, switching to shorter-term off-balance sheet leases. We find that this change did not have negative consequences on firm performance, shareholders, or employees. The only significant effect we do find is an improvement in credit ratings for firms that reduced operating leases in response to the new standard. Our findings are inconsistent with the concerns some hospitality managers and academics expressed prior to the introduction of the standard.
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来源期刊
CiteScore
8.50
自引率
2.90%
发文量
17
期刊介绍: Cornell Hospitality Quarterly (CQ) publishes research in all business disciplines that contribute to management practice in the hospitality and tourism industries. Like the hospitality industry itself, the editorial content of CQ is broad, including topics in strategic management, consumer behavior, marketing, financial management, real-estate, accounting, operations management, planning and design, human resources management, applied economics, information technology, international development, communications, travel and tourism, and more general management. The audience is academics, hospitality managers, developers, consultants, investors, and students.
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