Please use this identifier to cite or link to this item: 192.168.6.56/handle/123456789/105179
Title: Accounting Conservatism and Stock Price Crash Risk:Firm-level Evidence
Authors: JEONG-BON KIM, LIANDONG ZHANG
Keywords: Stock Price Crash Risk
Issue Date: 2016
Description: This study investigates the firm-level relation between conditional conservatism in financial reporting and stock price crashes. Conditional conservatism refers to accountants’ tendency to require a higher degree of verification to recognize good news as gains than to recognize bad news as losses (Basu 1997).1 This asymmetric verifiability requirement of conservative accounting policy offsets managers’ tendencies to hide bad news and accelerate good news recognition in audited financial statements (Kothari, Ramanna, and Skinner 2010; Watts 2003a).
URI: http://196.189.45.87:8080/handle/123456789/105179
Appears in Collections:Accounting and Finance

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