This book presents an empirical analysis on how the new lease accounting model of IFRS 16 affects financial statements and performance of Italian companies. It discusses the theoretical framework of the off-balance sheet financing with a particular focus on the off-balance sheet lease contracts. Previous research provided controversial results about the potential impacts on the companies' financial statement and performance deriving from leases capitalization. The application of different methodological approaches based on estimation of the expected effects resulted in inconclusive results. This book aims to measure the real impacts deriving from the post-implementation of the new lease accounting standard (IFRS 16) on companies' financial statements, economic and financial performance, on market reactions and on financial statement' users.

Helps to understand the theoretical and empirical implications of adopting IFRS 16 Provides real evidence of the effects deriving from operating lease capitalization Includes examples from Italian companies

Autorentext

Elisa Raoli is Assistant Professor in Accounting at the Catholic University of the Sacred Heart of Milan (Italy). She received her PhD in Management (Accounting Major) at Luiss Guido Carli University, Rome (Italy). She has published her research on Accounting, ITA GAAP, IAS/IFRS and Corporate Governance in national and international journals.

Inhalt
Chapter 1. Introduction.- Chapter 2. Lease accounting framework and the development of international Accounting standards.- Chapter 3. Lease accounting literature review and hypotheses development.- Chapter 4. Post-implementation analysis of IFRS 16 on companies' financial Structure, economic and financial performance.