Title:	Accounting Conservatism and the Efficient Provisionof Capital to Privately Informed Firms
Authors:	MICHAEL J. SMITH
Keywords:	Accounting Conservatism
Issue Date:	2002
Description:	This study addresses conservatism in financial reporting. Conservatism is usually defined in terms of accounting regulations requiring higher verification standards for profits than for losses. Empirical researchers have documented conservatism in returns-based approaches (see Basu 1997), in which conservatism is measured as the asymmetric timeliness of earnings to bad and good news, and in balance sheet approaches (see Penman and Zhang 2002), in which conservatism is measured as the degree of understatement of assets and income.
URI:	http://196.189.45.87:8080/handle/123456789/105187
Appears in Collections:	Accounting and Finance

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