Accounting Conservatism and the Stock Market

Insights from Three Decades of Research and New Evidence from the Italian Setting
2024
ISBN: 978-3-031-67144-9
Verlag: Springer

Buch, Englisch, 84 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 154 g

Reihe: SpringerBriefs in Accounting

This book comprehensively examines accounting conservatism and its relationship with the stock market. Through a historical overview and a review of recent literature, it explores the evolution of conservatism research and the conceptual developments, measurement advancements, and empirical findings produced by academic scholars over the last decades. Additionally, it critically evaluates the applicability of conservatism models developed in the U.S. market to the Italian setting, offering a thorough analysis of their validity. Furthermore, the book presents novel empirical findings on conservatism's impact on the Italian stock market during the Covid-19 pandemic. This nuanced exploration offers valuable insights for academics, practitioners, and researchers seeking to understand the complexities of financial reporting practices in diverse market environments.

Zielgruppe

Research

Autoren/Hrsg.

D'Augusta, Carlo

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Betriebliches Rechnungswesen
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Externes Rechnungswesen, Rechnungslegung, Bilanzierung

Inhaltsverzeichnis

Introduction.-  Conceptual Developments.-  Measurement of Conservatism for Empirical Research.- Conservatism and the Stock Market: Major Empirical Findings from Three Decades of Research.- Conservatism’s Role in the Italian Stock Market: Three Empirical Studies.- Concluding Remarks.

Über Autor(innen)

Carlo D'Augusta is an Assistant Professor of Accounting at Bocconi University (Italy). Before joining Bocconi University's faculty in 2021, he was part of the accounting faculty at Georgia State University and Middle Tennessee State University (USA).

His research explores the impact of financial information characteristics on capital markets and investors' responses to financial disclosures. He investigates how various types of disclosures interact to influence information users. Specifically, he has delved into the interconnectedness of accounting conservatism, voluntary disclosure practices, and the stock market. His work has been published in leading academic journals, including  ,  , the  the  , the  ,  and