Accounting conservatism and stock price crash risk: Firm-level evidence

Accounting conservatism and stock price crash risk: Firm-level evidence

Using a large sample of U.S. firms during 1964-2007, we find that conditional conservatism is associated with a lower likelihood of a firm's future stock price crashes. This finding holds for multiple measures of conditional conservatism and crash risk and is robust to controlling for other kno...

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Bibliographic Details
Main Authors: KIM, Jeong-Bon, ZHANG, Liandong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
accounting conservatism
crash risk
bad news hoarding
asymmetric timeliness
Accounting
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/soa_research/1708
https://ink.library.smu.edu.sg/context/soa_research/article/2735/viewcontent/AccountingConservatismStockPriceCrashRisk_2016.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/1708
https://ink.library.smu.edu.sg/context/soa_research/article/2735/viewcontent/AccountingConservatismStockPriceCrashRisk_2016.pdf

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