Exploring Financial Frontiers: A Journey Through Research and Discovery

Title

Creator

Li, Yani

Faculty

Faculty of Business

Department

School of Accounting and Finance

Description

The paper "Does New Lease Accounting Standard ASC 842 Affect Bank Loan Pricing" explores whether the new accounting standard, requiring firms to recognize operating lease liabilities on the balance sheet, increases borrowing costs. Inspired by an internal seminar, we investigated the impact of ASC 842 on firms' balance sheets and book leverage, focusing on whether it affects banks' perceptions of credit risk. Using data from DealScan and Compustat, we found that high-leasing firms face higher loan spreads post-implementation. Guided by Prof. Qiang Wu, Dr. Sunny Sun, and Dr. Colin Zeng, our research won the Best Paper Award at JIAR 2023.

Learning outcome/goal

Critical Thinking and Problem-solving

Research and Investigation

Networking and Collaboration

Communication and Presentation Skills

Award

Best Paper Award – PhD, the Tenth International Conference of the Journal of International Accounting Research (JIAR) 2023 [International competition]

Date

2024-08

Programme

PhD

Degree Level

Postgraduate

Keywords

Accounting Standards and Regulations ; Financial Statement Analysis; Credit Risk Assessment; Empirical Research Methods; Collaboration and Mentorship in Research