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Accounting disclosures, accounting quality and conditional and unconditional conservatism
16 references·16 citing·31 second hopsampled
Accounting disclosures, accounting quality and conditional and unconditional conservatism (2011)Accounting disclosures, accounting qualit…International Accounting Standards and Accounting Quality (2008)International Accounting Stan…The economic implications of corporate financial reporting (2005)The economic implications of …Performance matched discretionary accrual measures (2005)Performance matched discretio…Information and the Cost of Capital (2004)Information and the Cost of C…Earnings management and investor protection: an international comparison (2003)Earnings management and inves…Conservatism in Accounting Part I: Explanations and Implications (2003)Conservatism in Accounting Pa…The effect of international institutional factors on properties of accounting earnings (2000)The effect of international i…The conservatism principle and the asymmetric timeliness of earnings1 (1997)The conservatism principle an…Earnings management to avoid earnings decreases and losses (1997)Earnings management to avoid …Corporate Disclosure Policy and Analyst Behavior. (1996)Corporate Disclosure Policy a…Earnings Management During Import Relief Investigations (1991)Earnings Management During Im…Disclosure, Liquidity, and the Cost of Capital (1991)Disclosure, Liquidity, and th…Asset pricing and the bid-ask spread (1986)Asset pricing and the bid-ask…Positive Accounting Theory (1985)Positive Accounting TheoryTheory 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…Firm-level climate risk and accounting conservatism: International evidence (2024)Firm-level climate risk and a…ESG performance, auditing quality, and investment efficiency: Empirical evidence from China (2022)ESG performance, auditing qua…The effect of managerial overconfidence on the conditional conservatism and real earnings management (2020)The effect of managerial over…Financial statement comparability and cash holdings: the mediating role of disclosure quality and financing constraints (2020)Financial statement comparabi…The Impact of Accounting Conservatism on Corporate Performance Indicators in Egypt (2019)The Impact of Accounting Cons…The effect of information shocks on dividend payout and dividend value relevance (2018)The effect of information sho…International financial reporting standards (IFRS) disclosure and performance of Nigeria listed companies (2018)International financial repor…Do Big Four Auditors Always Provide Higher Audit Quality? Evidence from Pakistan (2018)Do Big Four Auditors Always P…Assessing the moderating effect of Shariah Board on the relationship between financial performance and accounting disclosure (2018)Assessing the moderating effe…Why did some firms perform better in the global financial crisis? (2017)Why did some firms perform be…Integrated reporting: Is it the last piece of the accounting disclosure puzzle? (2017)Integrated reporting: Is it t…Managing the European football industry: UEFA’s regulatory intervention and the impact on accounting quality (2016)Managing the European footbal…Economic consequences of key performance indicators' disclosure quality (2015)Economic consequences of key …The influence of firm characteristics on disclosure of financial ratios in annual reports of Turkish firms listed in the Istanbul Stock Exchange (2012)The influence of firm charact…Earnings management and the role of auditors in an unusual IFRS context: The case of Greece (2012)Earnings management and the r…The value relevance of cash flows, current accruals, and non-current accruals in the UK (2011)The value relevance of cash f…Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Earnings Management through Real Activities Manipulation (2003)An Empirical Evaluation of Accounting Income Numbers (1968)Dividend Policy under Asymmetric Information (1985)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)The relationship between return and market value of common stocks (1981)The theory and practice of econometrics (1986)Illiquidity and stock returns: cross-section and time-series effects (2002)Liquidity Risk and Expected Stock Returns (2003)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Detecting Earnings Management. (1995)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)The Nature of the Firm (1937)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)Corporate financing and investment decisions when firms have information that investors do not have (1984)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The theory and practice of corporate finance: evidence from the field (2001)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)Experimental and Quasi-Experimental Designs for Research (1963)A review of archival auditing research (2014)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1991Earnings Management During Import Relief Investigations8,369 cited
  • 2005Performance matched discretionary accrual measures6,963 cited
  • 2005The economic implications of corporate financial reporting6,337 cited
  • 1985Positive Accounting Theory5,837 cited
  • 2003Earnings management and investor protection: an international comparison5,395 cited
  • 1986Asset pricing and the bid-ask spread5,087 cited
  • 1997The conservatism principle and the asymmetric timeliness of earnings13,988 cited
  • 1997Earnings management to avoid earnings decreases and losses3,839 cited
  • 1991Disclosure, Liquidity, and the Cost of Capital3,828 cited
  • 2000The effect of international institutional factors on properties of accounting earnings3,198 cited
  • 2004Information and the Cost of Capital3,057 cited
  • 2008International Accounting Standards and Accounting Quality3,050 cited
  • 2003Conservatism in Accounting Part I: Explanations and Implications2,768 cited

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1996
Corporate Disclosure Policy and Analyst Behavior.
2,743 cited

Cited by

  • 2015Economic consequences of key performance indicators' disclosure quality116 cited
  • 2012Earnings management and the role of auditors in an unusual IFRS context: The case of Greece97 cited
  • 2017Integrated reporting: Is it the last piece of the accounting disclosure puzzle?96 cited
  • 2018Do Big Four Auditors Always Provide Higher Audit Quality? Evidence from Pakistan74 cited
  • 2022ESG performance, auditing quality, and investment efficiency: Empirical evidence from China72 cited
  • 2016Managing the European football industry: UEFA’s regulatory intervention and the impact on accounting quality66 cited
  • 2011The value relevance of cash flows, current accruals, and non-current accruals in the UK56 cited
  • 2018The effect of information shocks on dividend payout and dividend value relevance48 cited
  • 2020The effect of managerial overconfidence on the conditional conservatism and real earnings management45 cited
  • 2024Firm-level climate risk and accounting conservatism: International evidence44 cited
  • 2018Assessing the moderating effect of Shariah Board on the relationship between financial performance and accounting disclosure44 cited
  • 2012The influence of firm characteristics on disclosure of financial ratios in annual reports of Turkish firms listed in the Istanbul Stock Exchange40 cited
  • 2017Why did some firms perform better in the global financial crisis?34 cited
  • 2018International financial reporting standards (IFRS) disclosure and performance of Nigeria listed companies31 cited
  • 2019The Impact of Accounting Conservatism on Corporate Performance Indicators in Egypt31 cited
  • 2020Financial statement comparability and cash holdings: the mediating role of disclosure quality and financing constraints30 cited