Capital Allocation and Timely Accounting Recognition of Economic Losses

By Robert M. Bushman, Joe Piotroski, Abbie J. Smith. 2011

334 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/02ef2ae2a09795c9caee654992c7314e2b74a0e5

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Citations in the corpus

Financial Statement Comparability and the Efficiency of Acquisition Decisions (2018, neutral): “Extant empirical studies (e.g., Biddle and Hilary, 2006; McNichols and Stubben, 2008; Biddle et al., 2009; Francis and Martin, 2010; Bushman et al., 2011; Kravet, 2012; McNichols and Stubben, 2012) provide evidence that attributes of accounting information affect the efficient allocation of capital.”
Big Data as a Governance Mechanism (2019, neutral): “not find the symmetric effect when investment opportunities are expanding (Wurgler 2000; Bushman et al. 2011).”
The Role of Accounting Conservatism in the Equity Market: Evidence from Seasoned Equity Offerings (2013, positive): “recent studies consider the effect of conservatism on firms’ investment decisions (Francis and Martin 2010; Ahmed and Duellman 2011; Bushman et al. 2011).”
IFRS – 10 years later (2016, background): “Subsequent development includes Biddle et al. (2009), Bushman et al. (2011), and Garcı́a Lara et al. (2016).”
To what extent did the economic stimulus package influence bank lending and corporate investment decisions? Evidence from China (2018, background): “Regarding firms’ investment decisions, we follow the argument of Bushman et al. (2011) to relate firm investment growth to changes in investment opportunities (marginal Q).”
The effects of financial reporting and disclosure on corporate investment: A review (2019, background): “study, Bushman et al. (2011) find that timely loss recognition has a positive moderating effect on”
The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis: THE EFFECT OF ACCOUNTING CONSERVATISM (2016, positive): “In an international study, Bushman et al. (2011) find supporting evidence that investment responses to declining investment opportunities increase with timely loss”
The Real Effects of Political Uncertainty: Elections and Investment Sensitivity to Stock Prices (2010, methodology): “13 12 As an alternative measure to firm value, we use stock returns as in Mork et al. (1990) and Bushman et al. (2007).”
The implications of research on accounting conservatism for accounting standard setting (2015, background): “investments are more sensitive to declining investment opportunities (Bushman et al. 2011).”
Information Environment and the Investment Decisions of Multinational Corporations (2013, background): “Prior research interprets this sensitivity as a desirable feature of investment (Bekaert et al. 2007; Bushman et al. 2011; Badertscher et al. 2013).”
The effect of CEO inside debt holdings on financial reporting quality (2015, background): “…public firms to disclose 1 See Ball and Shivakumar (2005), Francis and Martin (2010), Jayaraman and Shivakumar (2013), Roychowdhury (2010), and Bushman et al. (2011), for instance, for the details on how accounting conservatism could curb risky and value-destroying investment activities of a…”