... Limited 2026 Emerald Publishing Limited Licensed re-use rights only The remainder of the paper is organized as follows. Section 2 provides an overview of the industry, extant literature, relevant theoretical frameworks, changes to lease accounting standards, and hypothesis development. Section...

... to lease accounting in Accounting Standard Update (ASU) 2016-02. The authors also show that asset specificity may serve as a mitigating factor in high-ability managers’ preference for operating leases, which implies that high-ability managers’ concerns with operational efficiency outweigh the benefits...