The impact of uncertainty and earnings conservatism on investment
HSU YA HUI/
/The impact of uncertainty and earnings conservatism on investment
Abstract
The main purpose of this study is to explore the impact of uncertainty and earnings conservatism on investment efficiency. This article uses Taiwan's listed OTC companies from 2018 to 2022 as a research sample, taking 5286 companies as a research sample. The research steps first use the model of Richardson (2006) to measure investment efficiency, and then use Basu (1997) to measure the progress of accounting conservatism. quantity, and then use Khan and Watts (2009) in the Basu model to measure the Earnings conservatism has a significant impact on investment efficiency, which is fully supported. Earnings conservatism has a moderating effect on uncertainty, which is partially supported.
Keywords
uncertaintyearnings conservatisminvestment efficiency
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