Conditional Accounting Conservatism and Future Negative Surprises: An Empirical Investigation

dc.contributor.author	Kim, Bong Hwan
dc.contributor.author	Pevzner, Mikhail
dc.date.accessioned	2017-06-28T19:24:37Z
dc.date.available	2017-06-28T19:24:37Z
dc.date.issued	2009
dc.description.abstract	We investigate whether conditional accounting conservatism has informational benefits to shareholders. We find some evidence that higher current conditional conservatism is associated with lower probability of future bad news, proxied by missing analyst forecasts, earnings decreases, and dividend decreases. Second, we find weak evidence that the stock market reacts stronger (weaker) to good (bad) earnings news of more conditionally conservative firms. Thus, we provide additional evidence that conditional conservatism affects stock prices.	en
dc.format.extent	19 pages	en
dc.genre	journal articles	en
dc.identifier	doi:10.13016/M27H1DM69
dc.identifier.citation	Kim, B. H. & Pevzner, M. (2009). Conditional Accounting Conservatism and Future Negative Surprises: An Empirical Investigation. Journal of Accounting and Public Policy 29, 311-329 (lead article).	en
dc.identifier.issn	0278-4254
dc.identifier.uri	10.1016/j.jaccpubpol.2010.03.003
dc.identifier.uri	http://hdl.handle.net/11603/4270
dc.language.iso	en	en
dc.publisher	Elsevier	en
dc.relation.isAvailableAt	University of Baltimore
dc.title	Conditional Accounting Conservatism and Future Negative Surprises: An Empirical Investigation	en
dc.type	Text	en

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