An Improvement on Basu-Based Conservatism Measures
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F18%3A63519297" target="_blank" >RIV/70883521:28120/18:63519297 - isvavai.cz</a>
Výsledek na webu
<a href="http://dx.doi.org/10.1166/asl.2018.11261" target="_blank" >http://dx.doi.org/10.1166/asl.2018.11261</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1166/asl.2018.11261" target="_blank" >10.1166/asl.2018.11261</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
An Improvement on Basu-Based Conservatism Measures
Popis výsledku v původním jazyce
This study puts forward an alternative Basu-based measure for measuring conditional accounting conservatism. While the effectiveness of the Basu model persists to be an open question, Basu-based measures have been widely employed to measure conditional conservatism. Therefore, it is worthwhile trying to find an improvement for Basu-based measures to increase their effectiveness. Khan and Watt first improve the original model by constructing a measure for conditional accounting solely in terms of firm-specific news but its advantage over the Basu model is deteriorated by neglected firm-specific factors. The study follows up on this initial improvement and suggests decomposing stock returns used to represent general economic news in the Basu mode into two component stock returns representing firm-specific and market-wide news respectively. Their estimation using the linear regression of calculating beta coefficients of CAPM results in a new potential method of conditional conservatism measurement. This intrigues several future studies on Basu-based measures.
Název v anglickém jazyce
An Improvement on Basu-Based Conservatism Measures
Popis výsledku anglicky
This study puts forward an alternative Basu-based measure for measuring conditional accounting conservatism. While the effectiveness of the Basu model persists to be an open question, Basu-based measures have been widely employed to measure conditional conservatism. Therefore, it is worthwhile trying to find an improvement for Basu-based measures to increase their effectiveness. Khan and Watt first improve the original model by constructing a measure for conditional accounting solely in terms of firm-specific news but its advantage over the Basu model is deteriorated by neglected firm-specific factors. The study follows up on this initial improvement and suggests decomposing stock returns used to represent general economic news in the Basu mode into two component stock returns representing firm-specific and market-wide news respectively. Their estimation using the linear regression of calculating beta coefficients of CAPM results in a new potential method of conditional conservatism measurement. This intrigues several future studies on Basu-based measures.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
—
OECD FORD obor
50205 - Accounting
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2018
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
Advanced Science Letters
ISBN
—
ISSN
1936-6612
e-ISSN
1936-7317
Počet stran výsledku
4
Strana od-do
5033-5036
Název nakladatele
American Scientific Publishers
Místo vydání
California
Místo konání akce
Bandung
Datum konání akce
5. 6. 2017
Typ akce podle státní příslušnosti
WRD - Celosvětová akce
Kód UT WoS článku
000445018400068