Accounting Conservatism and Managerial Risk-Taking: Corporate Acquisitions

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Financial Statement Comparability and the Efficiency of Acquisition Decisions (2018, unknown): “First, we contribute to the literature investigating the economic consequences of financial reporting, especially the effect of accounting information on the efficient allocation of capital (e.g., Biddle and Hilary, 2006; McNichols and Stubben, 2008; Biddle et al., 2009; Francis and Martin, 2010; Kr”
The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis: THE EFFECT OF ACCOUNTING CONSERVATISM (2016, unknown): “Both Loktionov (2009) and Kravet (2014) document that conservative financial reporting mitigates risk shifting by aiding debt holders in monitoring and disciplining firms’ investment decisions.”
Political Uncertainty and Accounting Conservatism (2013, unknown): “For example, prior empirical studies find that conservative accounting discourages managers from making unprofitable (Ball and Shivakumar 2005) and risky investments (Kravet 2014), mitigates the value destruction associated with cash holdings (Louis et al.”
The effects of financial reporting and disclosure on corporate investment: A review (2019, background): “At the same time, the evidence in Kravet (2014) raises the question of why shareholders agree with lower risk-taking if that implies forgoing projects with positive NPV. Garcia-Lara et al. (2016) propose an explanation: since timely loss recognition Electronic copy available at:…”