Recognition versus Disclosure: An Investigation of the Impact on Equity Risk Using UK Operating Lease Disclosures
通过OLS回归分析，检验会计确认与披露是否等价，发现英国投资者从产权视角看待经营租赁，支持将租赁权利和义务纳入资产负债表。
This study examines the equivalency of accounting recognition versus disclosure. OLS regression analysis is used to determine whether there is an association between equity risk and an adjustment to financial risk for off‐balance sheet operating leases. Two methods of adjustment are considered: constructive capitalisation and a simple factor method. The observation of a reliably positive association suggests that UK investors/analysts view operating leases from a property rights perspective rather than an ownership perspective. This supports the argument for recognition of all lease rights and obligations ‘on‐balance sheet’, as proposed in the recent G4+1 discussion paper ASB (1999).