Online Appendix for: The Real Consequences of Classification Shifting: Evidence from the Efficiency of Corporate Investment
7 Pages Posted: 5 May 2022
Date Written: April 21, 2022
This Appendix reports results on several additional analyses conducted in order to lend support to and extend our baseline finding presented in the above-mentioned paper. These involve the use of an alternative method of measuring CS, an alternative method to measure investment opportunities, and alternative definition of investment. The paper ‘The real consequences of classification shifting: Evidence from the efficiency of corporate investment' ’ to which this Appendix applies is available at: http://ssrn.com/abstract=3801959.
Keywords: classification shifting, investment efficiency, earnings management, information asymmetry, managerial learning
JEL Classification: M40; M41, G10, G31
Suggested Citation: Suggested Citation