Managerial Overconfidence and Accounting Conservatism* Anwer S. Ahmed Ernst & Young Professor of Accounting Texas A & M University Scott Duellman Assistant Professor of Accounting St. Louis University March 2012 Abstract Overconfident managers overestimate predict that overconfident managers will tend to accelerate good news recognition, delay loss recognition, and generally use less conservative accounting. Furthermore, we test whether external monitoring helps to mitigate this effect. Using…

The notion of American conservatism has been around roughly since the conception of The United States. Once refined in the U.S. Constitution in September of 1787, what had been left up to speculation was now set as guidelines for the flourishing country. There was always separation in beliefs between American’s, but the constitution truly outlined what America could build upon. This is where American conservatism really came into effect. Conservatism as defined by the Encyclopedia Britannica…

In which ways did the Fifties and Sixties in the USA set the scene for the rise of conservatism in the Seventies and into the Reagan era? Was the rise of the right inevitable? Please explain your point of view. The 1950s in America are often described as a time of complacency. By contrast, the 1960s and 1970s were a time of great change. But the economy of the 70s was not stable because of the Oil crisis and presidents did not seem to find a solution to get the economy work again. For the right…

between liberalism and conservatism by exploring the differences in ideological beliefs of these two ideologies. Ideology can be defined as “set of interrelated and more or less coherent ideas” that constitutes of both “descriptive and normative element” on how a society works (Heywood, 2007, pp. 6-7). One of the most popular ideology in contemporary politics is liberalism which accord individual liberty and free market as its primary priority. On the other hand, conservatism is generally known for…

British usage). Brazil[edit] In Brazil, the New Right (Portuguese: Nova Direita) is particularly recent, being emphasized by the philosopher Olavo de Carvalho and other popular figures like Rodrigo Constantino. Following an Anglo-Saxon based conservatism, most of the right-wing thinkers in Brazil flirt with liberalism, in addition to keeping a warning state against communist parties and leftism. Chile[edit] The term New Right (Spanish: Nueva derecha) has come into mainstream political discourse…

American Conservatism Beginning with Nixon and continuing with Reagan after the radical changes of American culture in the sixties and seventies, Americans would begin to shift towards more conservative ideas unsure of the rapid radical change. In the 1994 mid term elections, the American people would elect a congress of mostly conservatives for the first time in nearly 50 years. At the core of this success would be the Contract with America. A set of promises and goals devised by conservative…

The Role of Conservatism in Financial Reporting Table of Contents Introduction 3 Applications of Conservatism in Accounting 4 Advantages associated with Conservatism 7 Disadvantages associated with Conservatism 11 Recommendations and conclusions 14 References 17 Introduction This report investigates the application of conservatism in accounting and its role in financial reporting. We also examine and compare the advantages and disadvantages associated with conservatism and provide our opinion…

Conservatism and Liberalism have, over the last century, changed greatly in how they are represented in people’s actions, but have remained consistent in the core principles which underlie their existence and political ideologies. While Conservatism and Liberalism may share a common goal - as expressed by Robin L. West (1984-1985, p. 673), who wrote that both liberal and conservative ideas share a “commitment to the creation of a state in which all members of the community share in the good life”…

protect individual liberties. Conservatism and classical liberalism often resemble each other in social and political ideas and ways of thinking. There are many factors that contribute to this resemblance between the two ideologies. Conservatism in the United States so often resembles classical liberalism because of the similarity in the beliefs of government restrictions and regulations. Before explaining how classical liberalism resembles modern day conservatism, it is important to understand…

‘Margaret Thatcher fundamentally altered conservative ideology.’ Discuss. Before Margaret Thatcher, there was classical conservatism which had its roots in very traditional ideas such as the status quo, for example. This meant that conservatives would largely stick to what they were familiar with, and would only change their principals if it was absolutely necessary. Property was also a fundamental idea for classical conservatives. They believed that an Englishman’s home is his castle, and that…