We document a positive association between political uncertainty and accounting conservatism. In the year prior to a U ….S. presidential election, on average, accounting conservatism increases by nearly 20 percent. This election year effect is stronger … Democrat. In the post-election year, conservatism is lower relative to the non-election period when the incumbent party wins …

, politicians, or voters). We offer some initial ideas about psychological sources of the use of historical costs, conservatism …

) models in order to classify firms into homogeneous groups according to the perception of corruption. In this paper, we … propose a multidimensional framework, based on an LC model, to identify various types of corruption. By using a dataset for … administrative and political types of corruption; we then validate our estimates by using a direct administrative corruption index …