保守主义
会计
收益
实证会计
经济
收益反应系数
财务报表
会计信息系统
财务会计
业务
审计
政治学
法学
政治
作者
Yuxiang Zhong,Wanli Li
摘要
Accounting conservatism is one of the most important properties of financial reporting. The goal of this article is to gain a better understanding of accounting conservatism. We explicate the evolution of conservatism over its long history. Accounting conservatism is indispensable because the main parties of a firm demand conservatism to mitigate agency costs. Various methods are used to measure accounting conservatism, which include balance sheet measures, income statement measures and earnings/stock return relation measures. Empirical research into accounting conservatism has flourished over the last two decades and we focus on the cross‐sectional and time‐series variations in conservatism. We conclude that accounting conservatism is important and cannot be excluded from accounting standards.
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