..., and the Yale School of Management. Supplemental materials can be accessed by clicking the links in Appendix A. Editor's note: Accepted by Morton Pincus. May 2013 June 2015 2016 conditional conservatism asymmetric timeliness differential timeliness placebo tests...

...Panos N Patatoukas; Jacob K Thomas ABSTRACT Despite the conceptual appeal and popularity of the differential timeliness (DT) measure of conditional conservatism proposed in Basu (1997 ), Dietrich et al. (2007 ) and Givoly et al. (2007 ) have identified considerable biases associated...