The effect of differential accounting conservatism on the “over-valuation” of high-tech firms relative to low-tech firms
The effect of differential accounting conservatism on the “over-valuation” of high-tech firms relative to low-tech firms
复制标题
差别会计稳健性对高科技企业相对于低技术企业“高估”的影响
DOI：
10.1007/s11156-006-8794-3
复制
发表时间：
2006
影响因子：
1.7
通讯作者：
Jongsoo Han
中科院分区：
文献类型：
--
作者：
Sung S. Kwon;Q. Yin;Jongsoo Han
本文考察了高技术企业与低技术企业会计稳健性水平的系统性差异。基于保守主义理论模型和实证方法的最新发展，我们研究了高新技术企业和低技术企业的保守会计实务和盈余管理行为。基于对累积非经营性应计利润、Basu（1997）收入时效性模型的回归系数、收益分配和两组之间的可自由支配应计利润的比较，结果与高技术公司比-à-vis低技术公司具有更高水平的会计稳健性相一致。进一步的分析表明，保守主义的影响不能作为高科技公司估值过高的辩护。
This paper examines systematic differences in the level of accounting conservatism between high-tech and low-tech firms. Relying on the recent development in theoretical models and empirical measures of conservatism, we investigate conservative accounting practices and earnings management behavior in high-tech and low-tech firms. The results based on comparisons of cumulative nonoperating accruals, regression coefficients from the income timeliness models in Basu (1997), the distribution of earnings, and discretionary accruals between the two groups are consistent with a higher level of accounting conservatism in high-tech firms vis-à-vis low-tech firms. Additional analyses show that the effect of conservatism cannot be used as a defense for the over-valuation of high-tech firms.
影响因子：
4.4
作者：
Mary E. Barth;John A. Elliott;Mark W. Finn
通讯作者：
Mary E. Barth;John A. Elliott;Mark W. Finn