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Conditional conservatism and cost of capital
16 references·16 citing·32 second hopsampled
Conditional conservatism and cost of capital (2010)Conditional conservatism and cost of capi…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Accounting Information, Disclosure, and the Cost of Capital (2007)Accounting Information, Discl…The market pricing of accruals quality (2005)The market pricing of accrual…The economic implications of corporate financial reporting (2005)The economic implications of …Information and the Cost of Capital (2004)Information and the Cost of C…Costs of Equity and Earnings Attributes (2004)Costs of Equity and Earnings …Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…Conservatism in Accounting Part I: Explanations and Implications (2003)Conservatism in Accounting Pa…The conservatism principle and the asymmetric timeliness of earnings1 (1997)The conservatism principle an…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Industry costs of equity (1997)Industry costs of equityDisclosure level and the cost of equity capital. (1997)Disclosure level and the cost…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)A Simple Model of Capital Mar…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Political Uncertainty and Accounting Conservatism (2020)Political Uncertainty and Acc…Conditional conservatism and the limits to earnings management (2020)Conditional conservatism and …Accounting Conservatism and Corporate Social Responsibility (2020)Accounting Conservatism and C…Accounting Conservatism and Bankruptcy Risk (2020)Accounting Conservatism and B…Conservative Disclosure (2018)Conservative DisclosureDoes Accounting Conservatism Discipline Qualitative Disclosure? Evidence From Tone Management in the MD&A* (2017)Does Accounting Conservatism …Accounting Quality and Trade Credit (2017)Accounting Quality and Trade …The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis (2016)The Effect of Accounting Cons…The implications of research on accounting conservatism for accounting standard setting (2015)The implications of research …Accounting Conservatism and the Cost of Capital: An International Analysis (2015)Accounting Conservatism and t…Segment Disclosure and Cost of Capital (2014)Segment Disclosure and Cost o…Cash flow asymmetry: Causes and implications for conditional conservatism research (2014)Cash flow asymmetry: Causes a…The Benefits of Conservative Accounting to Shareholders: Evidence from the Financial Crisis (2013)The Benefits of Conservative …Accounting Conservatism, Earnings Persistence, and Pricing Multiples on Earnings (2013)Accounting Conservatism, Earn…Accounting Conservatism and Creditor Recovery Rate (2013)Accounting Conservatism and C…The Role of Accounting Conservatism in the Equity Market: Evidence from Seasoned Equity Offerings (2012)The Role of Accounting Conser…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Framing of Decisions and the Psychology of Choice (1981)The Limits of Arbitrage (1995)The Cross‐Section of Volatility and Expected Returns (2006)An Empirical Evaluation of Accounting Income Numbers (1968)Dividend Policy under Asymmetric Information (1985)Positive Accounting Theory (1985)The effect of international institutional factors on properties of accounting earnings (2000)Performance matched discretionary accrual measures (2005)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)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 Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Earnings Management During Import Relief Investigations (1991)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)Earnings Management through Real Activities Manipulation (2003)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)Multifactor Explanations of Asset Pricing Anomalies (1996)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Conditional Skewness in Asset Pricing Tests (2000)How do family ownership, control and management affect firm value? (2005)How does financial reporting quality relate to investment efficiency? (2009)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 2005The economic implications of corporate financial reporting6,337 cited
  • 2003Corporate Governance and Equity Prices6,115 cited
  • 1987A Simple Model of Capital Market Equilibrium with Incomplete Information5,808 cited
  • 1997Industry costs of equity5,793 cited
  • 1997The conservatism principle and the asymmetric timeliness of earnings13,988 cited
  • 1997Disclosure level and the cost of equity capital.3,577 cited
  • 2005The market pricing of accruals quality3,101 cited
  • 2004Information and the Cost of Capital3,057 cited
  • 2003Conservatism in Accounting Part I: Explanations and Implications2,768 cited
  • 2007Accounting Information, Disclosure, and the Cost of Capital2,582 cited
  • 2004Costs of Equity and Earnings Attributes

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  • 2012The Role of Accounting Conservatism in the Equity Market: Evidence from Seasoned Equity Offerings184 cited
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  • 2020Political Uncertainty and Accounting Conservatism151 cited
  • 2015The implications of research on accounting conservatism for accounting standard setting146 cited
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  • 2017Does Accounting Conservatism Discipline Qualitative Disclosure? Evidence From Tone Management in the MD&A*117 cited
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  • 2017Accounting Quality and Trade Credit107 cited
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