increased their net worth by raising more equity. We also find, however, that firms changed their accounting practices, as … reflected by an increase in long-term discretionary accruals and a decrease in accounting conservatism. As a result of these … accounting changes, we document a decline in the informativeness of the treated firms’ financial reports. We conclude that the …

We study whether accounting information quality (AIQ) is priced in the executive labor market. Focusing on externally … evidence suggests job security concern and accounting failure risk might be the channels to explain the pricing premium for …

allows managers to convey higher quality information to market participants, I hypothesize and find a positive association … managers convey higher quality internal information to market participants. However, proprietary costs resulting from a high …

allows managers to convey higher quality information to market participants, I hypothesize and find a positive association … managers convey higher quality internal information to market participants. However, proprietary costs resulting from a high …

In this paper, we offer a new theory for the economic demand of accounting conservatism, which emphasizes the signaling … role of conservatism in a debt market with asymmetric information. In our model, accounting conservatism serves as a signal … analytically derive four basic properties of accounting conservatism, based on Basu's (1997) asymmetric timeliness of earnings …