This paper examines the association between conservatism and the value relevance of accounting information over the … 1975 through 2004 period. We measure conservatism using approaches developed in Penman and Zhang, The Accounting Review 77 …:237–264, (2002) and Beaver and Ryan, Journal of Accounting Research 38:127–148, (2000) and value relevance using (1) adjusted R2 from …

Prior studies that examine the effect of managerial incentives on investment or misreporting decisions typically hold … types of incentives likely depend on firm characteristics that create opportunities to respond to those incentives. Using … year-end tax expense manipulations as our setting, we examine the extent to which equity incentives, firm characteristics …

responding to the bad news when the project is not performing as planned. Accounting conservatism accelerates the recognition of … and start searching for solutions. Therefore, firms where both characteristics — CEO overconfidence and accounting … accounting and are run by overconfident CEOs exhibit better cash flow performance. Our results continue to hold in a variety of …

manipulation incentives. The enhanced financial reporting quality is associated with stronger market reactions to earnings …

validity test on accounting research. If the economic magnitude of the study's proxy for quality on firm value is “too large …

Since the late 1980s, the Financial Accounting Standards Board has implemented several new fair value accounting rules … do not consider the net income effects of fair value accounting. The fair value hierarchy of Statement of Financial … Accounting Standard No. 157 implies that valuation of level 1 and level 2 instruments is subject to observable market inputs …

risk. This paper constitutes the first empirical study in the accounting literature to test the risk signaling theory of …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 …