Results 151 to 160 of about 930,916 (195)
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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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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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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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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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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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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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Institutional accountability and accounting conservatism:
Korean Public Administration Review, 2021Intae Kim, Joonbeom Lee, Yeongjun Ko
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Labor Unions and Accounting Conservatism
SSRN Electronic Journal, 2010This study examines the relation between labor unions and accounting conservatism. Prior theoretical and empirical research suggests that labor unions reduce agency costs of debt by using their bargaining power to reduce managements’ incentive to substitute high risk investments for low risk investments.
David B. Farber +3 more
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Uncertainty of uncertainty and accounting conservatism
Finance Research Letters, 2022Xin Cui +3 more
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Accounting Conservatism and Relational Contracting
SSRN Electronic Journal, 2022Jonathan Glover, Hao Xue
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