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| Author: | Ely, K. |
| Title: | Operating lease accounting and the market's assessment of equity risk |
| Journal: | Journal of Accounting Research
1995 : AUTUMN, VOL. 33:2, p. 397-416 |
| Index terms: | ACCOUNTING RESEARCH RISK ACCOUNTING |
| Language: | eng |
| Abstract: | In this paper the author examines whether investors view operating leases as property rights. The user's perspective toward a lease is instrumental in determining its accounting treatment, i.e., balance sheet recognition or footnote disclosure. The operating lease accounting practice of footnote disclosure assumes that users focus on who bears the risk of ownership, with lessees of operating leases bearing insufficient risk to threat the leasehold as an asset or the obligation as a liability. |
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