Transition Period of Mandated Accounting Changes — Timing of Adoption and Economic Consequences: The Case of SEAS No. 13
研究企业选择延迟采用SFAS第13号（租赁会计）的动机，发现延迟采用者更多依赖基于GAAP的债务契约，且若提前采用会显著增加违约风险，延迟采用有助于减轻新准则对财务报表的负面影响。
This study examines the economics of the timing of adoption of SFAS No. 13, Accounting for Leases by Lessees . We analyzed actual debt contracts of the affected firms to determine whether they were based on GAAP or Non‐GAAP accounting rules. We also examined what actions were taken by management to alleviate the negative effects of complying with SFAS No. 13 . The results indicate that late adopters had a higher percentage of debt convenants based on GAAP measures, and that the late adopters would have experienced significant increases in closeness to default had they adopted SFAS No. 13 early. The results also indicate that by choosing late adoption, the firms were able to reduce the expected negative effects of the new accounting standard on financial statements.