作者：Xin Chang, Gilles Hilary,Jun-koo Kang,Wenrui Zhang
关键字：conditionalconservatism;corporateinnovation;managerialmyopia
摘要/Abstract
We examine the impact of conditional accounting conservatism on corporate innovation. We find that firms that exhibit a higher degree of conditional conservatism generate fewer patents. Their patents also generate fewer citations and lower economic benefits. The effects of conditional conservatism on innovation are more pronounced when firms’ need for innovation is higher, when the product development cycle is longer, when managerial compensation is more dependent on accounting performance, or when managers are more myopic. Overall, our findings suggest that conditional conservatism curbs corporate innovation by exacerbating the effects of managerial myopia.
全文阅读：https://www.sinoss.net/qikan/2015/0127/13946.html