10 The Impact of Vichitsarawong, Measuring Data about stock returns The Basu-model is The level of the Asian Eng Li and Gary conservatism and and earnings is obtained used to measure conservatism during Financial Crisis k. Meek 2010 timeliness of from the Global Vantage conservatism. This is the crisis period is on earnings during database. done for the crisis low as is the Conservatism the financial crisis For the countries Hong and post-crisis period timeliness of and Timeliness in the late ninety’s Kong, Malaysia, Thailand to asses the degree of earnings. During the of Earnings: in Hong Kong, and Singapore. For the conservatism during post crisis period Evidence from Malaysia, years 1995 till 2004. these periods and the level of Hong Kong, Thailand and compares the crisis conservatism Malaysia, Singapore. and post-crisis increases Singapore, and period. Thailand. 11 The changing Givoly D. and Fluctuations in The data (obtained from The methods used to The researches time-series Hayn C. 2000 the properties of compustat) contains 896 asses conservatism indicate that the last properties of earnings, accruals companies for 1968 till are the Basu model, 20 years the degree earnings, cash and cash flows are 1988. accrual based of conservatism has flows and investigated over measures and increased accruals: Has time in order to measures. significantly. financial examine if these The research consist reporting fluctuations are in of US firms. become more line with the conservative increase in the degree of conservatism.
10 The Impact of the Asian Financial Crisis on Conservatism and Timeliness of Earnings: Evidence from Hong Kong, Malaysia, Singapore, and Thailand. Vichitsarawong, Eng Li and Gary k. Meek 2010 Measuring conservatism and timeliness of earnings during the financial crisis in the late ninety’s in Hong Kong, Malaysia, Thailand and Singapore. Data about stock returns and earnings is obtained from the Global Vantage database. For the countries Hong Kong, Malaysia, Thailand and Singapore. For the years 1995 till 2004. The Basu-model is used to measure conservatism. This is done for the crisis and post-crisis period to asses the degree of conservatism during these periods and compares the crisis and post-crisis period. The level of conservatism during the crisis period is low as is the timeliness of earnings. During the post crisis period the level of conservatism increases 11 The changing time-series properties of earnings, cash flows and accruals: Has financial reporting become more conservative Givoly D. and Hayn C. 2000 Fluctuations in the properties of earnings, accruals and cash flows are investigated over time in order to examine if these fluctuations are in line with the increase in the degree of conservatism. The data (obtained from compustat) contains 896 companies for 1968 till 1988. The methods used to asses conservatism are the Basu model, accrual based measures and measures. The research consist of US firms. The researches indicate that the last 20 years the degree of conservatism has increased significantly.