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dc.contributor.authorKlein, April-
dc.date.accessioned2008-06-04T15:24:15Z-
dc.date.available2008-06-04T15:24:15Z-
dc.date.issued2005-06-
dc.identifier.urihttp://hdl.handle.net/2451/27456-
dc.description.abstractThis paper examines accounting and non-accounting factors behind accounting losses over a fifty-year period. Using multivariate time-series analysis, we report evidence that the annual percentage of losses for U.S. firms is significantly related to accounting conservatism, Compustat coverage of small firms, real firm performance as measured by cash flows from operations, and business cycle factors. We further find that non-accounting factors tend to play the dominant role in explaining accounting losses over our sample period. Our results are robust to alternative definitions of macroeconomic productivity, as well as to varying model specifications. Our findings contribute to the literature on accounting losses and accounting conservatism and have implications for the use of accounting loss information in numerous settings.en
dc.language.isoen_USen
dc.relation.ispartofseriesApril Klein-7en
dc.subjectAccounting lossesen
dc.subjectaccounting conservatismen
dc.subjectbusiness cycleen
dc.subjectmacroeconomicsen
dc.subjectcash flows from operationsen
dc.titleFundamentals of Accounting Lossesen
dc.typeWorking Paperen
Appears in Collections:Accounting Working Papers

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