CONDITIONAL CONSERVATISM AND THE COST OF DEBT: EVIDENCE FROM CENTRAL AND EASTERN EUROPE
This study attempts to link the cost of debt to observed levels of accounting conservatism. Namely, conservative earnings reflect bad news more quickly than good news. Therefore, conservatism causes more timely recognition of losses than gains and improves quality of accounting information in contex...
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| Format: | Article |
| Language: | English |
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Croatian Operational Research Society
2012-12-01
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| Series: | Croatian Operational Research Review |
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| Online Access: | http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=142472 |