Conservation

In: Business and Management

Submitted By lilylulu
Words 1707
Pages 7
1.0 Introduction
Conservatism is arguably one of the most prominent and prolonged characteristics in accounting practices (Basu, 1997). Over the centuries, many researchers have accomplished in-depth reports and thoughtful analysis regarding different focuses on conservatism. Literatures related are abundant and fruitful.

In next section, this paper will firstly give a brief review on a number of related literatures. Follows that, some of the most significant motivations to adopt conservatism such as contracting demand, litigation pressure, agency problem, tax implication, regulation concern and political economy will be discussed in section three. For the purpose of construction, regression analysis, as the most commonly used research technique, are also analyzed in section four of this paper, which also includes a summary of the requirements in sample selection process. Meanwhile, another crucial aim of this paper is to introduce the empirical evidence of a positive relationship between information quality and conditional conservatism. In section five, this paper intends to explain the empirical findings of Iatridis (2011) that a high quality accounting information discloser will apply conditional conservatism but restrict unconditional conservatism.

2.0 Literature Review
Researchers commonly characterize accounting conservatism as “asymmetric timeliness in recognition of accounting gains versus losses and systematic understatement of net assets” (Chi et al. 2009: 48). In other words, conservatism can be broadly described as the speed of good news acknowledgement relative to bad news acknowledgement in earnings (Bushman, 2006).

One of the most distinguished measure of conservatism was suggested by Basu (1997). Through regression analysis, Basu investigated the rate of the change in earnings with respect to the change in concurrent stock…...

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