... to inventory write-downs, long-term asset write-downs, and goodwill impairments. A series of placebo tests provides additional support for the construct validity of our alternative measure of conditional conservatism. Data Availability: Data are publicly available from the sources indicated in the text...

... conservatism asymmetric timeliness differential timeliness placebo tests FIGURE 1 Comparison of BKN's Predictions and Results Regarding Biases in Basu's Asymmetric Timeliness Measure when Observed Returns and Earnings are Decomposed into their Expected and Unexpected Components To study...