The economic determinants of conditional conservatism

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dc.contributor.author García Lara, Juan Manuel
dc.contributor.author García Osma, Beatriz
dc.contributor.author Penalva, Fernando
dc.date.accessioned 2011-10-28T15:06:11Z
dc.date.available 2011-10-28T15:06:11Z
dc.date.issued 2008
dc.identifier.uri http://hdl.handle.net/10016/12447
dc.description.abstract We study the economic determinants of conditional conservatism. Consistent with prior literature, we find that contracting induces only conditional conservatism and litigation induces both conditional and unconditional conservatism. We extend prior evidence by Qiang (2007) by showing that taxation and regulation induce not only unconditional conservatism, but conditional conservatism as well. We show that in certain scenarios taxation and regulation create incentives to shift income from periods with high taxation pressure and high public scrutiny to periods with lower taxation pressure and lower public scrutiny. These income shifting strategies are implemented by recognising current economic losses that, given managerial incentives to report aggressively, would not have been recognised otherwise, or by delaying the recognition of current economic gains that would have been recognised had circumstances been different
dc.description.sponsorship We acknowledge financial assistance from IESE Research Division, the Spanish Ministry of Science and Innovation (ECO2008-06238-C02-01/ECON and SEJ2007-67582-C02-02ECON), and the European Commission INTACCT Research Training Network (MRTN-CT-2006-035850)
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.hasversion http://hdl.handle.net/10016/7423
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Conservatism
dc.subject.other Contracting
dc.subject.other Taxation
dc.subject.other Political costs
dc.subject.other Litigation risk
dc.title The economic determinants of conditional conservatism
dc.type workingPaper
dc.subject.eciencia Empresa
dc.rights.accessRights openAccess
dc.type.version submittedVersion
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