No abstract

This study extends prior research on the information content of restructuring charges. We find that the relationship between restructuring activities and returns during the restructuring charge year is different for loss firms than for profit firms. Restructurings that are primarily intended to either eliminate personnel or exit a line of business are positively associated with returns of the loss firms, suggesting that investors view these activities as value-increasing. In contrast, common stock returns of profit firms exhibit a nonpositive association with restructuring charges. Overall, our results point to the role of the context and the content of the restructuring announcement in the market's assessment of the value relevance of restructuring charges reported in the financial statements. Copyright Blackwell Publishers Ltd 2000.

No abstract

Student preferences for interactive educational technology tools are explored in the context of accounting classes. A research study shows that students receive benefits from these active learning tools, and the tools can be used to enhance the educational experience of students while lessening the burden on instructors.