經理人調節焦點與會計穩健性

Motivated by prior studies that examine the effect of managerial attributes on corporate policies and strategies, this study examines the relationship between CEOs’ regulatory focus and accounting conservatism as measured by asymmetric timeliness of earnings. According to regulatory focus theory (Cr...

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Bibliographic Details
Published in:會計評論 2022-07, p.041-079
Main Authors: 許文馨(Wen-Hsin Hsu), 吳藺芝(Lin-Chih Wu)
Format: Article
Language:Chinese
Subjects:
Accounting conservatism
Prevention focus
Promotion focus
Regulatory focus
TSSCI
促進焦點
會計穩健
調節焦點
預防焦點
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Summary:Motivated by prior studies that examine the effect of managerial attributes on corporate policies and strategies, this study examines the relationship between CEOs’ regulatory focus and accounting conservatism as measured by asymmetric timeliness of earnings. According to regulatory focus theory (Crowe and Higgins 1997), people with promotion focus are more willing to take risks to seek achievement, whereas people with prevention focus are more conservative to avoid mistakes. We measure accounting conservatism using Basu’s (1997) model and C_Score (Khan and Watts 2009) and examine whether CEOs with the prevention focus are more conservative than CEOs with the promotion focus. We find that CEO’s prevention focus is positively associated with accounting conservatism, suggesting that CEOs with prevention focus are more risk-averse and have a higher tendency to be conservative than the other CEOs.
ISSN:1018-1687