Hui, Kai Wai; Matsunaga, Steve; Morse, Dale - In: Journal of Accounting and Economics 47 (2009) 3, pp. 192-207
find a negative association between conservatism and the frequency, specificity, and timeliness of management forecasts …-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 …