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Accounting conservatism and corporate governance
16 references·16 citing·30 second hopsampled
Accounting conservatism and corporate governance (2007)Accounting conservatism and corporate gov…Performance matched discretionary accrual measures (2005)Performance matched discretio…Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…A Survey of Corporate Governance (1997)A Survey of Corporate Governa…Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Detecting Earnings Management. (1995)Detecting Earnings Management.The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Modern Industrial Revolut…Earnings Management During Import Relief Investigations (1991)Earnings Management During Im…Large Shareholders and Corporate Control (1986)Large Shareholders and Corpor…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…The Structure of Corporate Ownership: Causes and Consequences (1985)The Structure of Corporate Ow…Separation of Ownership and Control (1983)Separation of Ownership and C…Agency Problems and the Theory of the Firm (1980)Agency Problems and the Theor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Investigating Causal Relations by Econometric Models and Cross-spectral Methods (1969)Investigating Causal Relation…The Modern Corporation and Private Property (1933)The Modern Corporation and Pr…Firms’ innovation strategy under the shadow of analyst coverage (2018)Firms’ innovation strategy un…The monitoring role of female directors over accounting quality (2017)The monitoring role of female…The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis (2016)The Effect of Accounting Cons…Corporate Governance and Firm‐specific Stock Price Crashes (2016)Corporate Governance and Firm…Accounting conservatism: A review of the literature (2015)Accounting conservatism: A re…Gender Differences in Financial Reporting Decision Making: Evidence from Accounting Conservatism (2014)Gender Differences in Financi…The Benefits of Conservative Accounting to Shareholders: Evidence from the Financial Crisis (2013)The Benefits of Conservative …Effect of Financial Reporting Quality on Sustainability Information Disclosure (2013)Effect of Financial Reporting…Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism (2013)Econometrics of the Basu Asym…Does Corporate Governance Influence Earnings Management in Latin American Markets? (2013)Does Corporate Governance Inf…Client Conservatism and Auditor-Client Contracting (2012)Client Conservatism and Audit…Corporate governance and impression management in annual results press releases (2011)Corporate governance and impr…Evidence on the role of accounting conservatism in monitoring managers’ investment decisions (2010)Evidence on the role of accou…Corporate governance, accounting and finance: A review (2010)Corporate governance, account…Conditional conservatism and cost of capital (2010)Conditional conservatism and …Acquisition profitability and timely loss recognition (2009)Acquisition profitability and…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Mergers and the Market for Corporate Control (1965)Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)Law and Finance (1998)Corporate Ownership Around the World (1999)The Nature of the Firm (1937)Dynamic capabilities and strategic management (1997)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Two Agency-Cost Explanations of Dividends (1984)Corporate performance and managerial remuneration (1985)What Do We Know about Capital Structure? Some Evidence from International Data (1995)The Pricing of Options and Corporate Liabilities (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Performance Pay and Top-Management Incentives (1990)Higher market valuation of companies with a small board of directors (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Agency Theory: An Assessment and Review (1989)Strategic assets and organizational rent (1993)Oil and the Macroeconomy since World War II (1983)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Testing for Granger non-causality in heterogeneous panels (2012)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Legal Determinants of External Finance (1997)Investor protection and corporate governance (2000)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1969Investigating Causal Relations by Econometric Models and Cross-spectral Methods22,971 cited
  • 1983Separation of Ownership and Control19,446 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1997A Survey of Corporate Governance16,237 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1980Agency Problems and the Theory of the Firm10,540 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems8,544 cited
  • 1986Large Shareholders and Corporate Control8,403 cited
  • 1991Earnings Management During Import Relief Investigations8,369 cited
  • 1933The Modern Corporation and Private Property7,361 cited
  • 2005Performance matched discretionary accrual measures6,963 cited
  • 1995Detecting Earnings Management.6,532 cited
  • 1985The Structure of Corporate Ownership: Causes and Consequences6,243 cited
  • 2003

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Corporate Governance and Equity Prices
6,115 cited

Cited by

  • 2010Corporate governance, accounting and finance: A review615 cited
  • 2014Gender Differences in Financial Reporting Decision Making: Evidence from Accounting Conservatism521 cited
  • 2013Does Corporate Governance Influence Earnings Management in Latin American Markets?472 cited
  • 2009Acquisition profitability and timely loss recognition394 cited
  • 2016Corporate Governance and Firm‐specific Stock Price Crashes378 cited
  • 2017The monitoring role of female directors over accounting quality376 cited
  • 2013Effect of Financial Reporting Quality on Sustainability Information Disclosure303 cited
  • 2015Accounting conservatism: A review of the literature293 cited
  • 2012Client Conservatism and Auditor-Client Contracting290 cited
  • 2018Firms’ innovation strategy under the shadow of analyst coverage261 cited
  • 2013Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism258 cited
  • 2010Conditional conservatism and cost of capital249 cited
  • 2011Corporate governance and impression management in annual results press releases229 cited
  • 2013The Benefits of Conservative Accounting to Shareholders: Evidence from the Financial Crisis223 cited
  • 2010Evidence on the role of accounting conservatism in monitoring managers’ investment decisions202 cited
  • 2016The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis196 cited