|
Based on your IP address, your paper is being delivered by:
|
 |
 |
 |
 |
 |
New York, USA
Processing request.
|
Illinois, USA
Processing request.
|
Brussels, Belgium
Processing request.
|
Seoul, Korea
Processing request.
|
California, USA
Processing request.
|
If you have any problems downloading this paper,
please click on another Download Location above, or
File name: SSRN-id1922833. ; Size: 750K
|
|
Comment On 'On Estimating Conditional Conservatism' by Ball, Kothari, and Nikolaev
Panos N. Patatoukas
University of California, Berkeley - Haas School of Business
Jacob K. Thomas
Yale School of Management
September 5, 2011
Abstract:
Ball, Kothari, and Nikolaev (2011) make two major claims in their recent working paper titled “On estimating conditional conservatism.” While they agree that the effect documented in Patatoukas and Thomas (2011) biases the conditional conservatism estimate proposed in Basu (1997), they claim that the source of bias is not scale effects but a non-linear relation between expected returns and expected earnings. Second, they propose revised measures of conditional conservatism, which they claim are unbiased. Our evidence contradicts both claims.
Number of Pages in PDF File: 37
Keywords: Conservatism, Differential Timeliness, Earnings
JEL Classification: M40
working papers series
Download This Paper
Date posted: September 5, 2011
Suggested CitationPatatoukas, Panos N. and Thomas, Jacob K. Kandathil, Comment On 'On Estimating Conditional Conservatism' by Ball, Kothari, and Nikolaev (September 5, 2011). Available at SSRN: http://ssrn.com/abstract=1922833 or http://dx.doi.org/10.2139/ssrn.1922833
|
| Feedback to SSRN (Beta) |
|
|
People who downloaded this paper also downloaded:
1.
On Estimating Conditional Conservatism
By
Ray Ball,
S.p. Kothari, ...
2.
A Measurement Approach to Conservatism and Earnings Management
By
Pingyang Gao
3.
Information Effects of Conservatism in Accounting
By
Juan García Lara,
Beatriz Garcia Osma, ...
4.
Institutional Ownership and Conservatism
By
Santhosh Ramalingegowda
and
Yong Yu
5.
More Evidence of Bias in the Differential Timeliness Measure of Conditional Conservatism
By
Panos Patatoukas
and
Jacob K. Thomas
6.
Accounting Conservatism and Bankruptcy Risk
By
Gary Biddle,
Mary Ma, ...
7.
Accounting Conservatism and its Effects on Financial Reporting Quality: A Review of the Literature
By
George Ruch
and
Gary Taylor
8.
Accounting Conservatism, Going-Concern Horizon, and Earnings Informativeness
By
Edward Owens
9.
Accounting Conservatism and Stock Price Crash Risk: Firm-Level Evidence
By
Jeong-bon Kim
and
Liandong Zhang
10.
Creditor Control Rights, State of Nature Verification, and Financial Reporting Conservatism
By
Liang Tan
|
|
|
|
