Abstract:In this article we analyse whether the level of conservative accounting practice is associated with economic conditions in Greece, Ireland, Portugal, Spain (GIPS) and the UK. For that purpose, we study conditional conservatism surrounding the 2007/08 global financial crisis, using an approach that consists in examining two stages of the crisis, which we denote by the earlier stage of the crisis and the later stage of the crisis. Furthermore, we analyse the impact of the intensity of economic changes and instit… Show more
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