Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 10 of 10 for “"Accounting conservatism"”.
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Accounting conservatism, earnings components and accounting losses
This study provides evidence on accounting conservatism based on a large sample of publicly-quoted UK companies over the period 1969-2001. The effects of conservation accounting are studied both indirectly and directly by using earnings measures containing varying levels of accruals and by further …
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Accounting conservatism and debt contract efficiency with soft information.
This paper shows how accounting conservatism affects the efficiency of debt contracting when the optimal debt contract allows parties to renegotiate. In my model allowing for renegotiation is optimal because both borrowers and lenders have access to non-contractible “soft information”, in addition …
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The contracting benefits of accounting conservatism to lenders and borrowers
… I examine the ex post and ex ante benefits of conservatism to lenders and borrowers in the debt contracting process. First, I argue that conservatism benefits lenders ex post through a timely signal of default risk in the form of accelerated covenant violations by more conservative borrowers. I …
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Macroeconomic consequences of accounting : the effect of accounting conservatism on macroeconomic indicators and the money supply
… the macroeconomic consequences of firm-level accounting conservatism. Consistent with conditional conservatism extending to the aggregate level, I demonstrate that annual estimates of aggregate corporate profits and gross domestic product from 1929 to 2007 compiled by the U.S. Bureau of …
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Equity valuation of currently unprofitable Australian companies : the impact of distress, investment intensity, and accounting conservatism
Companies report accounting losses under different circumstances. In the absence of positive accounting profits as a measure of value creation, investors are likely to focus on different factors when valuing companies with different characteristics. This thesis examines how three firm …
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Equity valuation of currently unprofitable Australian companies : the impact of distress, investment intensity, and accounting conservatism
Companies report accounting losses under different circumstances. In the absence of positive accounting profits as a measure of value creation, investors are likely to focus on different factors when valuing companies with different characteristics. This thesis examines how three firm …
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Asymmetry In Operational Efficiency and Managerial Ability Benchmarks
… negative returns than to positive returns due to accounting conservatism. As predicted, I find large asymmetries in the behavior of OE and MA measures. OE and MA in levels (changes) are 2.4 (1.4) times and 1.5 (1.6) times more sensitive to demand decreases than demand increases. Similarly, OE and …
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Changes in the Profitability-Growth Relation and the Implications for the Accrual Anomaly
… context of earnings quality, capital investment, accounting conservatism, earnings management, and the accrual anomaly. However, this study shows that while ΔNOA is negatively related to future profitability from 1967 to 1995, it is positively related to future profitability from 1996 to 2010. The …
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Three essays in accounting
… The third chapter examines whether unconditional accounting conservatism provides a rational explanation to book to price (B/P) effect in stock returns (higher B/P yielding higher returns) coined as anomaly. We test an argument following Penman and Reggiani (2013) linking conservative accounting …
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International Financial Reporting Standards for Small, Medium and Enterprises (IFRS for SMEs) and the quality of financial reporting: Some evidence from the Limpopo Province
… for SMEs was introduced by the International Accounting Standards Board (IASB) in 2009 as an alternative framework for eligible entities, offering an option instead of the complete set of IFRSs. Despite the introduction of IFRS for SMEs, there has been no comprehensive examination of its …