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Macroeconomic effects of aggregate accounting conservatism: A cross‐country analysis
Journal of International Financial Management & Accounting ( IF 2.808 ) Pub Date : 2018-12-21 , DOI: 10.1111/jifm.12093
Chuong Do 1 , Sandeep Nabar 1
Affiliation  

This paper examines whether aggregate conditional and unconditional conservatism are associated with economic growth. Prior studies find that conditional conservatism improves contracting efficiency, but that unconditional conservatism has either a neutral or detrimental impact on contracting. We therefore conjecture that country‐level conditional conservatism increases the efficiency of resource allocation in an economy, whereas country‐level unconditional conservatism is not similarly beneficial. Using a cross‐country sample, we construct country‐level estimates of conditional and unconditional conservatism. We find that conditional conservatism is associated with higher level of growth in Gross Domestic Product and Gross Domestic Product per Capita. By contrast, unconditional conservatism shows no or negative association. Our study contributes to the ongoing debate on the desirability of accounting conservatism and also extends the literature on the macroeconomic effects of aggregate financial reporting attributes.

中文翻译:

总体会计保守主义的宏观经济影响:跨国分析

本文研究了总的有条件和无条件的保守主义是否与经济增长有关。先前的研究发现,有条件的保守主义可以提高签约效率,但是无条件的保守主义会对签约产生中性或有害影响。因此,我们推测,国家一级的有条件保守主义可以提高经济中资源分配的效率,而国家一级的无条件保守主义则没有同样的好处。使用跨国样本,我们构造了有条件和无条件保守主义的国家级估计。我们发现,有条件的保守主义与国内生产总值和人均国内生产总值的较高增长水平相关。相比之下,无条件的保守主义则没有或没有消极的联想。
更新日期:2018-12-21
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