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Purpose
To review the evolution of SFAS No. 123R, “Accounting for Share Based Compensation,” and examine the economic consequences of the standard for the first group of filers impacted by its provisions.
Design/methodology/approach
The sample was the population of firms in the Russell 3000 having June 30, fiscal year‐ends.
Findings
The study's findings suggest that the provisions of SFAS No. 123R remain controversial and that compliance with the standard had significant economic consequences for the sample of companies.
Originality/value
This study provides evidence that SFAS No. 123R had significant economic consequences but that some of the standard's effects differed from earlier predictions.
© Emerald Group Publishing Limited
2008
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