Dhaliwal, Dan S.
[Verfasser:in]
;
Huang, Shawn X.
[Sonstige Person, Familie und Körperschaft];
Khurana, Inder K.
[Sonstige Person, Familie und Körperschaft];
Pereira, Raynolde
[Sonstige Person, Familie und Körperschaft]
Product Market Competition and Conditional Conservatism
Anmerkungen:
In: Review of Accounting Studies, Forthcoming
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 28, 2013 erstellt
Beschreibung:
Based on pooled cross-sectional analysis, we find a robust positive relation between product market competition and conditional accounting conservatism. We also find evidence of an inter-temporal increase in conditional conservatism following industry deregulation and increased antitrust case filings. Distinguishing further between two dimensions of competition, we find conditional conservatism is greater when there is a higher threat of new entrants as well as stiff existing competition. Moreover, we find these results largely hold for industry followers as opposed to industry leaders, suggesting that strategic considerations shape the extent to which product market competition affects conditional conservatism