| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086815 | Journal of Accounting and Economics | 2012 | 21 Pages |
Abstract
⺠I use first-time enforcement of insider trading laws across 16 countries as a shock to enforcement of securities laws and find a strong increase in timely loss recognition (TLR). ⺠Post-enforcement increases are not driven by alternative explanations such as IFRS adoption, financial market liberalization or changes in other macroeconomic factors. ⺠In addition to documenting how shocks to enforcement influence financial reporting outcomes, my study extends the Khan and Watts (2009) measure of accounting conservatism to a cross-country setting.
Related Topics
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Accounting
Authors
Sudarshan Jayaraman,