We develop a model that captures the distinct natures of and interactions between conditional
and unconditional conservatism. Under unconditional conservatism, the book value of net …

Epileptic disorders affect about 20-40 million people worldwide, and 40% of these are
idiopathic generalized epilepsies (IGEs; ref. 1). Most of the IGEs that are inherited are complex, …

In this paper, we distinguish two sources of variation in the book-tomarket ratio-bias and
lags in book value (hereafter, bias and lags)-with different implications for the book-to-market …

This essay describes implications of the subprime crisis for accounting. First, I overview the
institutional and market aspects of subprime lending with the greatest accounting relevance. …

Hereditary hyperekplexia, or familial startle disease (STHE), is an autosomal dominant
neurologic disorder characterized by marked muscle rigidity of central nervous system origin and …

Prior research shows that during the pre‐1990 bust financially weak banks managed income
upward by delaying provisions for losses on heterogeneous loans. In contrast, we predict …

This paper provides guidance for empiricists interested in measuring conditional conservatism
and in interpreting associations of those measures with variables of interest. I begin by …

The use of accounting measures and disclosures in banks’ contracts and regulation suggests
that the quality of banks’ financial reporting is central to the efficacy of market discipline …

Prior research shows that firms’ financial statement comparability improves the accuracy of
market participants’ valuation judgments and thus may reduce firms’ costs of capital. Distinct …

We investigate how banks' loan portfolio composition affects the timeliness of loan loss
provisions and, thus, the relation between security returns and such provisions. We maintain that …