conservatism and suggest that accounting standards regulators redefine the qualitative substance of conditional conservatism vis …-à-vis other accounting quality properties, such as value relevance. Also, both conditional conservatism and value relevance are …/value – Studies that investigate the relationship between value relevance and conditional conservatism in the banking sector are …

robust to the aggregation problem; that is, we prove that the Basu model produces inconsistent estimations of conditional … conservatism and that this problem is solved with our proposal; (2) it can produce firm-specific measures of conservatism by using …