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This paper empirically tests the relation between a firm's degree of accounting conservatism and its level of operating … accounting conservatism which is recently proposed by Wang, O hOgartaigh and van Zijl (2010), who argue that a firm optimally … selects a degree of accounting conservatism in order to signal its own operating risk to the capital market. Consistent with …
Persistent link: https://www.econbiz.de/10013090138
This study examines the relation between narrative risk disclosures and accounting conservatism by utilizing the SEC … hypothesize that RFDs likely affect firms' financial reporting choice in accounting conservatism in two ways, the substitutive … effect and the stimulative effect. On the one hand, RFDs may substitute for conservatism by revealing important information …
Persistent link: https://www.econbiz.de/10012850471
We examine the relation between the use of collateral and accounting conservatism for a sample of Chinese firms during … 2001 to 2006. China provides a powerful setting for testing the direct effect of accounting conservatism on collateral … accounting conservatism and the use of collateral are negatively related, after controlling for firm performance and risk. The …
Persistent link: https://www.econbiz.de/10012857488
This paper investigates the association between investor sentiment and accounting conservatism. We find that managers … recognize economic losses in earnings in a more timely manner during periods of high investor sentiment. Further, the sentiment-conservatism … relation is stronger for firms with greater sentiment-price sensitivity. We also find that the sentiment-conservatism …
Persistent link: https://www.econbiz.de/10012932575
We explore the link between open market share repurchases (OMRs) and asymmetric information - based on financial reporting quality - and find opaque firms experience positive abnormal returns twice the magnitude of transparent firms. These significant differences remain after controlling for...
Persistent link: https://www.econbiz.de/10013038194
conservatism; b) unlisted banks and commercial banks are more conservative than listed entities and savings banks, respectively … accounting conservatism, whereas strict regulatory regimes tend to reinforce the effect of both variables on early loan loss …
Persistent link: https://www.econbiz.de/10013011341
Persistent link: https://www.econbiz.de/10012203005
Persistent link: https://www.econbiz.de/10011979570
how a firm’s visibility shapes the relationship between its corporate lobbying activities and accounting conservatism … relationship between a firm’s lobbying intensity and the degree of accounting conservatism in its financial reporting. We further … are robust after controlling for a firm’s political connections, across various conditional conservatism measures, and …
Persistent link: https://www.econbiz.de/10014122650
We examine the market efficiency in processing manipulated accounting statements, and provide an explanation for the long-run performance anomaly associated with open market share repurchases. We find strong evidence that repurchasing firms understate their earnings report around repurchases...
Persistent link: https://www.econbiz.de/10013034866