Discretionary accruals : the measurement error induced by conservatism
This paper discusses the sign of the expected measurement error in discretionary accruals (DAC) estimates when accrual models do not control for the asymmetric treatment of gains and losses underlying conservatism. I show that DAC in firms with "bad news" are expected to be understated (po...
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| Format: | article |
| Language: | eng |
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2015
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| Online Access: | http://hdl.handle.net/10400.5/10001 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/10001 |