1,721,177 research outputs found
When "Crack walnuts" lies in different brain regions: Evidence from a voxel-based lesion-symptom mapping study
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Independent access to phonological and orthographic lexical representations: A replication study
No full textLanguage and its interacting components: The right hemisphere hypothesis in derivational morphology
No full textDissociations in processing derivational morphology: The right basal ganglia involvement
No full textWord and number reading in the brain: Evidence from a Voxel-based Lesion-symptom Mapping study
No full textWhen Voluntary Reporting Choices Are Credible: The Case of Upward Revaluations in Private Firms
No full textWe study the circumstances under which voluntary disclosure of private information about a firm’s prospects is credible. Upward asset revaluations signal increased future operating performance to financial statement users. However, upward revaluations may also contain a significant discretionary component, especially when the demand for high-quality financial statements is low. We exploit a peculiarity of the Italian private firm setting, where both the tax cost of upward asset revaluations and the link between the related accounting and tax rules vary over time. We predict and find that upward revaluations are positively associated with operating performance when the net tax cost of upward revaluations and the link between their accounting and tax rules are high. Alternatively, it weakens as tax costs decline, and the link between accounting and tax rules loosens. When the tax cost of upward revaluations is particularly low or free and unrelated to tax consequences, the association between upward revaluations and future performance becomes insignificant or negative. These effects steadily extend over time, highlighting the long-term nature of the revaluation signal. They are associated in different but predictable ways with the quality of financial reporting, the eponymy, and the future economic outcomes of the revaluating firms
Top-down projections to the primary visual areas necessary for object recognition: A case study
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