... 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...

..., 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...