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Accounting and Business Research Volume 49, 2019 - Issue 6: Accounting and Debt Markets Special Issue
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Original Articles

Conservatism in debt contracting: theory and empirical evidenceFootnote†

Fernando PenalvaIESE Business School, University of Navarra, Barcelona, SpainCorrespondence[email protected]
ORCID Iconhttp://orcid.org/0000-0002-5206-3754View further author information
ORCID Icon &
Alfred WagenhoferCenter for Accounting Research, University of Graz, Graz, AustriaORCID Iconhttp://orcid.org/0000-0001-5919-942XView further author information
ORCID Icon
Pages 619-647 | Published online: 13 Jun 2019

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Mostafa Harakeh, Edward Lee & Martin Walker. (2024) Understanding How the Effects of Conditional Conservatism Measurement Bias Vary with the Research Context. European Accounting Review 33:1, pages 191-222.
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Jie Sun, Fangyuan Yin, Edward Altman & Lewis Makosa. (2023) Effects of corporate financial distress on peer firms: do intra-industry non-distressed firms become more conditionally conservative?. Accounting and Business Research 53:6, pages 646-670.
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Tong Lu, Ziyun Yang & Lanyi Yan Zhang. (2023) Accounting Bias and Debt Contracting. European Accounting Review 0:0, pages 1-29.
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Laith Akram Al-Qudah, Hanan Ahmad Qudah, Aiman Mahmoud Abu Hamour, Yazan Abu Huson & Mohammad Zakaria Al Qudah. (2022) The effects of COVID-19 on conditional accounting conservatism in developing countries: evidence from Jordan. Cogent Business & Management 9:1.
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Araceli Mora. (2022) Discussion of ‘Moving toward the expected credit loss model under IFRS 9: Capital Transitional Arrangement and bank systematic risk'. Accounting and Business Research 52:6, pages 680-689.
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Giovanna Michelon, Grzegorz Trojanowski & Ruth Sealy. (2022) Narrative Reporting: State of the Art and Future Challenges. Accounting in Europe 19:1, pages 7-47.
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Ann K. Tank & Anne M. Farrell. (2022) Is Neuroaccounting Taking a Place on the Stage? A Review of the Influence of Neuroscience on Accounting Research. European Accounting Review 31:1, pages 173-207.
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Bong Hwan Kim. (2020) Debt covenant slack and ex-post conditional accounting conservatism. Accounting and Business Research 50:2, pages 111-134.
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Kamran T. Malikov & Alaa Mansour Zalata. Earnings management by acquiring firms in cash mergers. Accounting and Business Research 0:0, pages 1-30.
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Articles from other publishers (27)

Christian Laux & Volker Laux. (2024) Accounting conservatism and managerial information acquisition. Journal of Accounting and Economics 77:2-3, pages 101630.
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Lanyi Yan Zhang, Ziyun Yang, Yu Bai & Lin Wang. (2024) Shaping Firms’ Financial Reporting: Evidence From the Spillover Effect of the FED’s Stress Test. Journal of Accounting, Auditing & Finance.
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Abbas Ali Daryaei, Yasin Fattahi & Ali Aldbs. (2024) The puzzling association between accounting conservatism and corporate social responsibility. Asian Journal of Accounting Research 9:1, pages 35-46.
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Gunratan Lonare. (2023) CEOs’ capital gains tax liabilities and accounting conservatism. Journal of Business Finance & Accounting.
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Ines Kammoun & Walid Khoufi. (2023) Sustainable performance, conditional conservatism and audit fees. Journal of Financial Reporting and Accounting.
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Amira Houaneb, amira Houaneb, Rim Ben Hassen & Dorra Talbi. (2021) Association between restrictive covenants and accounting conservatism: evidence from US public debt. Journal of Financial Reporting and Accounting 21:2, pages 344-369.
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Liya Hou, Yi Liang & Sudipta Basu. (2023) Bank Competition and Borrower Conservatism. The Accounting Review 98:2, pages 247-275.
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Kamran Malikov & Alaa Zalata. (2023) Earnings Management by Acquiring Firms in Cash Mergers. SSRN Electronic Journal.
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Tong Lu, Ziyun Yang & Lanyi Zhang. (2023) Accounting Bias and Debt Contracting. SSRN Electronic Journal.
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Fabrizio Di Meo, Tatiana Garanina & Juan Manuel García Lara. (2023) Changes to Financial Reporting when Domestic Funding Substitutes Foreign Funding: Evidence from International Sanctions to Russia. SSRN Electronic Journal.
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Qiong Wang, Edward Lee, Kemin Wang & Xin Zhang. (2022) The effect of government industrial policies on corporate accounting conservatism. Journal of Accounting and Public Policy 41:5, pages 106960.
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Gopal V. Krishnan & Jing Zhang. (2022) Principles-based standards and conditional accounting conservatism. Advances in Accounting 58, pages 100607.
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Mariem Khalifa, Samir Trabelsi & Hamadi Matoussi. (2022) Leverage, R&D expenditures, and accounting conservatism: Evidence from technology firms. The Quarterly Review of Economics and Finance 84, pages 285-304.
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Gary C. Biddle, Mary L. Z. Ma & Frank M. Song. (2020) Accounting Conservatism and Bankruptcy Risk. Journal of Accounting, Auditing & Finance 37:2, pages 295-323.
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Viet Anh Dang, Edward Lee, Yangke Liu & Cheng Zeng. (2022) Bank deregulation and stock price crash risk. Journal of Corporate Finance 72, pages 102148.
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Wei Huang. (2021) Does banking deregulation affect accounting conservatism?. Journal of Accounting and Public Policy 40:6, pages 106876.
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Yanmin Gao & Alfred Wagenhofer. (2020) Board monitoring efficiency and the value of conservative accounting. Journal of Management and Governance 25:2, pages 321-345.
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Raffaela Casciello, Marco Maffei & Fiorenza Meucci. (2021) The role of institutional shareholders in the relationship between unconditional conservatism and earnings management. Corporate Ownership and Control 19:1, pages 94-104.
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Juan Manuel García Lara, Beatriz García Osma & Fernando Penalva. (2020) Conditional conservatism and the limits to earnings management. Journal of Accounting and Public Policy 39:4, pages 106738.
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Habiba Al-Shaer & Mostafa Harakeh. (2020) Gender Differences in Executive Compensation on British Corporate Boards: the Role of Conditional Conservatism. The International Journal of Accounting 55:01, pages 2050002.
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Gintaras Černius & Liucija Birškytė. (2020) FINANCIAL INFORMATION AND MANAGEMENT DECISIONS: IMPACT OF ACCOUNTING POLICY ON FINANCIAL INDICATORS OF THE FIRM. Business: Theory and Practice 21:1, pages 48-57.
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Juan Manuel García Lara, Beatriz Garcia Osma & Akram Khalilov. (2022) Accounting Conservatism and the Agency Problems of Overvalued Equity. SSRN Electronic Journal.
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Mahmoud Gad, Juan Manuel García Lara, Trang Nguyen & Mariano Scapin. (2022) CEO Industry Tournaments and Conditional Conservatism. SSRN Electronic Journal.
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Takuma Kochiyama, Ryosuke Nakamura & Akinobu Shuto. (2021) How Do Bank Lenders Use Borrowers' Financial Statements? Evidence from a Survey of Japanese Banks. SSRN Electronic Journal.
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Christian Laux & Volker Laux. (2020) Accounting Conservatism and Managerial Information Acquisition. SSRN Electronic Journal.
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Viet Anh Dang, Edward Lee, Yangke Liu & Cheng Zeng. (2020) Bank Deregulation and Stock Price Crash Risk. SSRN Electronic Journal.
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Wei Huang. (2018) Does Bank Competition Affect Accounting Conservatism?. SSRN Electronic Journal.
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