Value of Cash Holdings and Accounting Conservatism

By Henock Louis, Amy X. Sun, Oktay Urcan. 2011

151 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/1de4aba5433a089122f486687fdd634010c36e16

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Araceli Mora
2. Martin Walker
3. K. Hussainey

In Strategy and Management

1. Araceli Mora
2. Martin Walker

Citations in the corpus

• The Benefits of Conservative Accounting to Shareholders: Evidence from the Financial Crisis (2013, unknown): “2011); enhances values of cash holdings (Li 2010; Louis et al. 2012); and controls various firm”
• Estimation and Empirical Properties of a Firm-Year Measure of Accounting Conservatism (2009, unknown): “One option is to directly control for size, M/B and leverage as in Louis et al. (2009) where C_Score loads after controlling for these variables.”
• The implications of research on accounting conservatism for accounting standard setting (2015, background): “…profitable acquisitions and divest poorly performing acquisitions earlier (Francis and Martin 2010), constrain managerial misuse of cash-holdings (Louis et al. 2012), have a higher future cash flows and gross margins and lower likelihood and magnitude of special items charges (Ahmed and Duellman…”
• 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. 2012), and reduces financing costs (García ”