Temporal variation and cross-sectional differences of accounting conservatism in emerging countries

Q4 Economics, Econometrics and Finance

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2015-12-30 DOI:10.1504/IJAAPE.2016.073887

Maha Khalifa, H. B. Othman, K. Hussainey

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引用次数: 11

Abstract

Prior research finds that accounting conservatism has increased over time in developed countries. In this paper, we examine the time-series extent and shift of accounting conservatism in emerging countries over the period 2000-2012. We also analyse differences in conservatism level across countries, regions, legal regimes and industries. In addition, we examine the impact of size, market-to-book and leverage on the degree of conservatism at firm level. We use a set of measures to assess the degree of conservatism. These include changing time-series properties of profitability, earnings, cash flows, accruals components, asymmetric timeliness, Market-to-Book ratio and Khan and Watts' (2009) C-score. We find that the degree of conservatism declined during the period between 2000 and 2007 and increased over the period 2007-2012. In addition, we find significant differences in accounting conservatism between common-law and code-law countries, across regions and industries.

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新兴国家会计稳健性的时间变异和横截面差异

先前的研究发现，随着时间的推移，会计稳健性在发达国家有所增加。在本文中，我们研究了2000-2012年期间新兴国家会计稳健性的时间序列程度和转移。我们还分析了不同国家、地区、法律制度和行业的保守主义水平差异。此外，我们还研究了规模、市净率和杠杆对公司层面保守性程度的影响。我们使用一套措施来评估保守的程度。这些因素包括盈利能力、收益、现金流、应计项目组成部分、非对称时效性、市净率以及Khan和Watts(2009)的C-score的变化时间序列属性。我们发现，保守主义程度在2000年至2007年期间有所下降，在2007年至2012年期间有所上升。此外，我们发现，在不同地区和行业的普通法国家和法典国家之间，会计稳健性存在显著差异。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Accounting, Auditing and Performance Evaluation Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： IJAAPE publishes original scholarly papers across the whole spectrum of: financial accounting, managerial accounting, accounting education, auditing, taxation, public sector accounting, capital market and accounting, accounting information systems, performance evaluation, corporate governance, ethics, and financial management. All methodologies, such as analytical, empirical, behavioural, surveys, and case studies are welcome. IJAAPE encourages contributions especially from emerging markets and economies in transition and studies whose results are applicable across nation states or capable of being adapted to the different accounting and business environments.