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CEO Political Contribution and Accounting Conservatism
Journal of Accounting, Auditing & FinanceThis study investigates whether CEO political contribution, as a measure of CEO political ideology, is associated with a firm’s financial reporting policies in accounting conservatism.
C. S. A. Cheng +3 more
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Corporate Governance, Accounting Conservatism, and Manipulation
Management Science, 2017We develop a model to analyze how board governance affects firms’ financial reporting choices and managers’ incentives to manipulate accounting reports. In our setting, ceteris paribus, conservative accounting is desirable because it allows the board of directors to better oversee the firm’s investment decisions. This feature of conservatism, however,
Judson Caskey, Volker Laux
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Complex Ownership Structures and Accounting Conservatism
SSRN Electronic Journal, 2012This study examines the use of accounting conservatism in firms with multiple controlling owners. In particular, we investigate the association between dispersion of cash-flow rights among controlling shareholders and accounting conservatism as well as how ownership type differences among controlling shareholders, family ownership, and legal ...
Haw, In-Mu +3 more
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Value of Cash Holdings and Accounting Conservatism
SSRN Electronic Journal, 2011We posit that accounting conservatism could mitigate the value destruction associated with increases in cash holdings. Consistent with this conjecture, we find that the market value of an additional dollar in cash holdings increases in accounting conservatism.
Urcan, O, Louis, H, Sun, A X
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Loan Sales and Borrowers’ Accounting Conservatism
Contemporary Accounting Research, 2017ABSTRACTWe examine whether initial loan sales in the secondary loan market relate to borrowing firms’ accounting conservatism. We find that borrowing firms exhibit a significant decline in accounting conservatism after the initial loan sales. We show that the decline in borrower conservatism is more pronounced for firms that borrow from lenders with ...
Saiying Deng +3 more
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Conservatism in Accounting: A Reassessment
Accounting Historians Journal, 2018ABSTRACT This paper examines how the concept of “conservatism” evolved in historical and contemporary accounting writings using authoritative professional and academic documents. The paper reviews the application of conservatism in the FASB and IASB conceptual frameworks.
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Underbetting and Accounting Conservatism
Information is what the user makes of it and different users will reach different probabilities from the same information. We consider how "naive" users, who overstate the firm's probability of success, inflate the asset price and harm both themselves and market efficiency by pricing "sophisticated" investors out of the market.David Johnstone, Stephen H. Penman
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Accounting Conservatism, Aggregation, and Information Quality*
Contemporary Accounting Research, 2007We study the optimal accounting policy when a firm can control the information quality through costly and noncontractible action. It is shown that the desirable accounting has two features: (i) the accounting report aggregates, rather than reporting directly, the underlying information; (ii) the accounting has a conservative bias.
Qintao Fan, Xiao-Jun Zhang
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Institutional accountability and accounting conservatism:
Korean Public Administration Review, 2021Intae Kim, Joonbeom Lee, Yeongjun Ko
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Labor Union and Accounting Conservatism*
SSRN Electronic Journal, 2009We examine whether labor union contracts are a source of accounting conservatism. We argue that labor unions demand conservatism due to (i) their asymmetric payoff function with respect to firms’ net assets; (ii) their need in estimating firms’ economic rent; (iii) and their need in protecting themselves from managerial misbehavior.
Winnie Siu Ching Leung +2 more
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