We define higher audit quality as greater assurance of high financial reporting quality.
Researchers use many proxies for audit quality, with little guidance on choosing among …

Accounting conservatism is one of the most important properties of financial reporting. The
goal of this article is to gain a better understanding of accounting conservatism. We explicate …

Overconfident managers overestimate future returns from their firms' investments. Thus, we
predict that overconfident managers will tend to delay loss recognition and generally use …

Using a large sample of US firms during 1964–2007, we find that conditional conservatism is
associated with a lower likelihood of a firm's future stock price crashes. This finding holds for …

We provide evidence on the preliminary effects of mandatory adoption of International
Financial Reporting Standards (IFRS) on accounting quality for a relatively broad set of firms …

We argue that conservatism improves investment efficiency. In particular, we predict that it
resolves debt-equity conflicts, facilitating a firm׳ s access to debt financing and limiting …

Recent research suggesting that shareholders demand conservative financial reporting
raises the question: Which shareholders demand conservatism? We find that higher …

The literature has explored an association between corporate social responsibility (CSR)
disclosure and accounting conservatism. This paper investigates how state ownership …

The concept of conditional conservatism (asymmetric earnings timeliness) has provided new
insight into financial reporting and stimulated considerable research since).) report bias in …

Sales decreases affect earnings more than sales increases because of cost stickiness. We
hypothesize that this correlated omitted variable constitutes a confounding effect in standard …