there is an inconsistency in empirical and analytical results regarding the role of conservatism (beneficial or not) in the … also improve debt efficiency. My analytical show that there is a higher level of conservatism, when the long-term debt … contracts include balance-sheet rather than income-statement debt covenants. Moreover, a higher level of conservatism is …

This study analyzes the relation between accounting conservatism, future tax rate cuts and countries' level of book …-tax conformity. Firms have an incentive to increase conservatism in financial reporting when a tax rate cut is imminent to shift … conditional conservatism is positively and significantly associated with future tax rate cuts when book-tax conformity is high …