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Masatomo Akita and Yusuke Osaki
''Optimal accounting policies under financial constraints: aggressive versus conservative''
( 2011, Vol. 31 No.4 )
We examine how severity of financial constraints influences firms' choices of accounting policies. This paper shows that firms with mild financial constraints choose an aggressive accounting policy and those with severe financial constraints choose a conservative accounting policy.
Keywords: accounting policy, financial constraints
JEL: M4 - Accounting and Auditing: General
D8 - Information, Knowledge, and Uncertainty: General
Manuscript Received : Mar 10 2011 Manuscript Accepted : Nov 22 2011

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