CEO Retirement, Corporate Governance and Conditional Accounting Conservatism

References

• Ahmed, A. S., Billings, B. K., Morton, R. M., & Stanford-Harris, M. (2002). The role of accounting conservatism in mitigating bondholder-shareholder conflicts over dividend policy and in reducing debt costs. The Accounting Review, 77(4), 867–890. doi: 10.2308/accr.2002.77.4.867
   Web of Science ®Google Scholar
• Ahmed, A. S., & Duellman, S. (2007). Accounting conservatism and board of director characteristics: An empirical analysis. Journal of Accounting and Economics, 43(2), 411–437. doi: 10.1016/j.jacceco.2007.01.005
   Web of Science ®Google Scholar
• Ali, A., & Zhang, W. (2015). CEO tenure and earnings management. Journal of Accounting and Economics, 59(1), 60–79. doi: 10.1016/j.jacceco.2014.11.004
   Web of Science ®Google Scholar
• Ball, R., Kothari, S. P., & Nikolaev, V. V. (2013). Econometrics of the Basu asymmetric timeliness coefficient and accounting conservatism. Journal of Accounting Research, 51(5), 1071–1097. doi: 10.1111/1475-679X.12026
   Web of Science ®Google Scholar
• Ball, R., Kothari, S. P., & Robin, A. (2000). The effect of international institutional factors on properties of accounting earnings. Journal of Accounting and Economics, 29(1), 1–51. doi: 10.1016/S0165-4101(00)00012-4
   Web of Science ®Google Scholar
• Ball, R., & Shivakumar, L. (2005). Earnings quality in UK private firms: Comparative loss recognition timeliness. Journal of Accounting and Economics, 39(1), 83–128. doi: 10.1016/j.jacceco.2004.04.001
   Web of Science ®Google Scholar
• Barker, V. L., & Mueller, G. C. (2002). CEO characteristics and firm R&D spending. Management Science, 48(6), 782–801. doi: 10.1287/mnsc.48.6.782.187
   Web of Science ®Google Scholar
• Basu, S. (1997). The conservatism principle and the asymmetric timeliness of earnings. Journal of Accounting and Economics, 24(1), 3–37. doi: 10.1016/S0165-4101(97)00014-1
   Web of Science ®Google Scholar
• Bebchuk, L. A., Cohen, A., & Ferrell, A. (2009). What matters in corporate governance? Review of Financial Studies, 22(2), 783–827. doi: 10.1093/rfs/hhn099
   Web of Science ®Google Scholar
• Beekes, W., Pope, P., & Young, S. (2004). The link between earnings timeliness, earnings conservatism and board composition: Evidence from the UK. Corporate Governance: An International Review, 12(1), 47–59. doi: 10.1111/j.1467-8683.2004.00342.x
   Web of Science ®Google Scholar
• Biddle, G. C., Ma, M. L. Z., & Song, F. M. (2016). Accounting conservatism and bankcruptcy risk. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1621272
   Google Scholar
• Butler, S. A., & Newman, H. A. (1989). Agency control mechanism effectiveness and decision making in an executive’s final year with a firm. Journal of Institutional and Theoretical Economics (JITE)/Zeitschrift für die gesamte Staatswissenschaft, 145, 451–464.
   Web of Science ®Google Scholar
• Callen, J. L., Segal, D., & Hope, O. K. (2010). The pricing of conservative accounting and the measurement of conservatism at the firm-year level. Review of Accounting Studies, 15(1), 145–178. doi: 10.1007/s11142-009-9087-6
   Web of Science ®Google Scholar
• Cazier, R. A. (2011). Measuring R&D curtailment among short-horizon CEOs. Journal of Corporate Finance, 17(3), 584–594. doi: 10.1016/j.jcorpfin.2011.02.005
   Web of Science ®Google Scholar
• Chen, C. X., Lu, H., & Sougiannis, T. (2012). The agency problem, corporate governance, and the asymmetrical behavior of selling, general, and administrative costs. Contemporary Accounting Research, 29(1), 252–282. doi: 10.1111/j.1911-3846.2011.01094.x
   Web of Science ®Google Scholar
• Chen, Q., Hemmer, T., & Zhang, Y. (2007). On the relation between conservatism in accounting standards and incentives for earnings management. Journal of Accounting Research, 45(3), 541–565. doi: 10.1111/j.1475-679X.2007.00243.x
   Web of Science ®Google Scholar
• Cheng, S. (2004). R&D expenditures and CEO compensation. The Accounting Review, 79(2), 305–328. doi: 10.2308/accr.2004.79.2.305
   Web of Science ®Google Scholar
• Cohen, D. A., Dey, A., & Lys, T. Z. (2008). Real and accrual-based earnings management in the pre- and post-Sarbanes-Oxley periods. The Accounting Review, 83(3), 757–787. doi: 10.2308/accr.2008.83.3.757
   Web of Science ®Google Scholar
• Collins, D. W., Hribar, P., & Tian, X. S. (2014). Cash flow asymmetry: Causes and implications for conditional conservatism research. Journal of Accounting and Economics, 58(2), 173–200. doi: 10.1016/j.jacceco.2014.08.010
   Web of Science ®Google Scholar
• Dechow, P. M., & Sloan, R. G. (1991). Executive incentives and the horizon problem: An empirical investigation. Journal of Accounting and Economics, 14(1), 51–89. doi: 10.1016/0167-7187(91)90058-S
   Web of Science ®Google Scholar
• Demers, E. A., & Wang, C. (2010). The impact of CEO career concerns on accruals-based and real earnings management. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1716535
   Google Scholar
• Demski, J. S. (2004). Endogenous expectations. The Accounting Review, 79(2), 519–539. doi: 10.2308/accr.2004.79.2.519
   Web of Science ®Google Scholar
• Dietrich, J. R., Muller III, K. A., & Riedl, E. J. (2007). Asymmetric timeliness tests of accounting conservatism. Review of Accounting Studies, 12(1), 95–124. doi: 10.1007/s11142-006-9023-y
   Web of Science ®Google Scholar
• Ewert, R., & Wagenhofer, A. (2005). Economic effects of tightening accounting standards to restrict earnings management. The Accounting Review, 80(4), 1101–1124. doi: 10.2308/accr.2005.80.4.1101
   Web of Science ®Google Scholar
• Gao, P. (2013). A measurement approach to conservatism and earnings management. Journal of Accounting and Economics, 55(2), 251–268. doi: 10.1016/j.jacceco.2012.10.001
   Web of Science ®Google Scholar
• García Lara, J. M., Garcia Osma, B., & Penalva, F. (2009). Accounting conservatism and corporate governance. Review of Accounting Studies, 14(1), 161–201. doi: 10.1007/s11142-007-9060-1
   Web of Science ®Google Scholar
• García Lara, J. M., Garcia Osma, B., & Penalva, F. (2016). Conditional conservatism and the limits to earnings management. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2165694
   Google Scholar
• Gibbons, R., & Murphy, K. J. (1992). Optimal incentive contracts in the presence of career concerns: Theory and evidence. Journal of Political Economy, 100(3), 468–505. doi: 10.1086/261826
   Web of Science ®Google Scholar
• Givoly, D., & Hayn, C. (2000). The changing time-series properties of earnings, cash flows and accruals: Has financial reporting become more conservative? Journal of Accounting and Economics, 29(3), 287–320. doi: 10.1016/S0165-4101(00)00024-0
   Web of Science ®Google Scholar
• Givoly, D., Hayn, C. K., & Natarajan, A. (2007). Measuring reporting conservatism. The Accounting Review, 82(1), 65–106. doi: 10.2308/accr.2007.82.1.65
   Web of Science ®Google Scholar
• Holthausen, R. W. (2003). Testing the relative power of accounting standards versus incentives and other institutional features to influence the outcome of financial reporting in an international setting. Journal of Accounting and Economics, 36(1), 271–283. doi: 10.1016/j.jacceco.2003.10.004
   Web of Science ®Google Scholar
• Huson, M. R., Parrino, R., & Starks, L. T. (2001). Internal monitoring mechanisms and CEO turnover: A long-term perspective. The Journal of Finance, 56(6), 2265–2297. doi: 10.1111/0022-1082.00405
   Web of Science ®Google Scholar
• Huson, M. R., Tian, Y., Wiedman, C. I., & Wier, H. A. (2012). Compensation committees’ treatment of earnings components in CEOs’ terminal years. The Accounting Review, 87(1), 231–259. doi: 10.2308/accr-10164
   Web of Science ®Google Scholar
• Jones, J. J. (1991). Earnings management during import relief investigations. Journal of Accounting Research, 29(2), 193–228. doi: 10.2307/2491047
   Web of Science ®Google Scholar
• Kalyta, P. (2009). Accounting discretion, horizon problem, and CEO retirement benefits. The Accounting Review, 84(5), 1553–1573. doi: 10.2308/accr.2009.84.5.1553
   Web of Science ®Google Scholar
• Khan, M., & Watts, R. L. (2009). Estimation and empirical properties of a firm-year measure of accounting conservatism. Journal of Accounting and Economics, 48(2), 132–150. doi: 10.1016/j.jacceco.2009.08.002
   Web of Science ®Google Scholar
• LaFond, R., & Watts, R. L. (2008). The information role of conservatism. The Accounting Review, 83(2), 447–478. doi: 10.2308/accr.2008.83.2.447
   Web of Science ®Google Scholar
• La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (2000). Investor protection and corporate governance. Journal of Financial Economics, 58(1), 3–27. doi: 10.1016/S0304-405X(00)00065-9
   Web of Science ®Google Scholar
• Lobo, G. J., & Zhou, J. (2006). Did conservatism in financial reporting increase after the Sarbanes-Oxley Act? Initial evidence. Accounting Horizons, 20(1), 57–73. doi: 10.2308/acch.2006.20.1.57
   Google Scholar
• Murphy, K. J., & Zimmerman, J. L. (1993). Financial performance surrounding CEO turnover. Journal of Accounting and Economics, 16(1), 273–315. doi: 10.1016/0165-4101(93)90014-7
   Web of Science ®Google Scholar
• Patatoukas, P. N., & Thomas, J. K. (2011). More evidence of bias in the differential timeliness measure of conditional conservatism. The Accounting Review, 86(5), 1765–1793. doi: 10.2308/accr-10101
   Web of Science ®Google Scholar
• Petersen, M. A. (2009). Estimating standard errors in finance panel data sets: Comparing approaches. Review of Financial Studies, 22(1), 435–480. doi: 10.1093/rfs/hhn053
   Web of Science ®Google Scholar
• Pourciau, S. (1993). Earnings management and nonroutine executive changes. Journal of Accounting and Economics, 16(1), 317–336. doi: 10.1016/0165-4101(93)90015-8
   Web of Science ®Google Scholar
• Qiang, X. (2007). The effects of contracting, litigation, regulation, and tax costs on conditional and unconditional conservatism: Cross-sectional evidence at the firm level. The Accounting Review, 82(3), 759–796. doi: 10.2308/accr.2007.82.3.759
   Web of Science ®Google Scholar
• Reitenga, A. L., & Tearney, M. G. (2003). Mandatory CEO retirements, discretionary accruals, and corporate governance mechanisms. Journal of Accounting, Auditing and Finance, 18(2), 255–280. doi: 10.1177/0148558X0301800205
   Google Scholar
• Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. The Journal of Finance, 52(2), 737–783. doi: 10.1111/j.1540-6261.1997.tb04820.x
   Web of Science ®Google Scholar
• Smith, C. W., & Watts, R. L. (1982). Incentive and tax effects of executive compensation plans. Australian Journal of Management, 7(2), 139–157. doi: 10.1177/031289628200700204
   Google Scholar
• Watts, R. L. (2003). Conservatism in accounting part I: Explanations and implications. Accounting Horizons, 17(3), 207–221. doi: 10.2308/acch.2003.17.3.207
   Google Scholar
• Wells, P. (2002). Earnings management surrounding CEO changes. Accounting and Finance, 42(2), 169–193. doi: 10.1111/1467-629X.00073
   Google Scholar