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- Publisher Website: 10.1016/j.jacceco.2009.01.001
- Scopus: eid_2-s2.0-65549095905
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Article: The impact of conservatism on management earnings forecasts
Title | The impact of conservatism on management earnings forecasts |
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Authors | |
Keywords | Credibility Conservatism Management forecasts |
Issue Date | 2009 |
Citation | Journal of Accounting and Economics, 2009, v. 47, n. 3, p. 192-207 How to Cite? |
Abstract | We investigate the empirical relation between a firm's accounting conservatism and management's issuance of quantitative earnings forecasts. Using three measures of conservatism from prior literature, along with two aggregate measures, we find a negative association between conservatism and the frequency, specificity, and timeliness of management forecasts. The results are robust to estimating the regression in changes, using firm fixed-effects, and using a two-stage instrumental variables approach. Overall, these results suggest that accounting conservatism acts as a substitute for management forecasts by decreasing information asymmetry in the market and reducing potential litigation through the timely reporting of bad news. © 2009. |
Persistent Identifier | http://hdl.handle.net/10722/238065 |
ISSN | 2023 Impact Factor: 5.4 2023 SCImago Journal Rankings: 8.337 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Hui, Kai Wai | - |
dc.contributor.author | Matsunaga, Steve | - |
dc.contributor.author | Morse, Dale | - |
dc.date.accessioned | 2017-02-03T02:12:45Z | - |
dc.date.available | 2017-02-03T02:12:45Z | - |
dc.date.issued | 2009 | - |
dc.identifier.citation | Journal of Accounting and Economics, 2009, v. 47, n. 3, p. 192-207 | - |
dc.identifier.issn | 0165-4101 | - |
dc.identifier.uri | http://hdl.handle.net/10722/238065 | - |
dc.description.abstract | We investigate the empirical relation between a firm's accounting conservatism and management's issuance of quantitative earnings forecasts. Using three measures of conservatism from prior literature, along with two aggregate measures, we find a negative association between conservatism and the frequency, specificity, and timeliness of management forecasts. The results are robust to estimating the regression in changes, using firm fixed-effects, and using a two-stage instrumental variables approach. Overall, these results suggest that accounting conservatism acts as a substitute for management forecasts by decreasing information asymmetry in the market and reducing potential litigation through the timely reporting of bad news. © 2009. | - |
dc.language | eng | - |
dc.relation.ispartof | Journal of Accounting and Economics | - |
dc.subject | Credibility | - |
dc.subject | Conservatism | - |
dc.subject | Management forecasts | - |
dc.title | The impact of conservatism on management earnings forecasts | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.jacceco.2009.01.001 | - |
dc.identifier.scopus | eid_2-s2.0-65549095905 | - |
dc.identifier.volume | 47 | - |
dc.identifier.issue | 3 | - |
dc.identifier.spage | 192 | - |
dc.identifier.epage | 207 | - |
dc.identifier.isi | WOS:000267175300001 | - |
dc.identifier.issnl | 0165-4101 | - |