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Foreign Investment and Accounting Conservatism
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The sample companies are obtained from 1999 to 2011. This purpose of this paper is to examine the relationship among corporate foreign investment and accounting conservatism. Besides, We examine whether foreign investment and accounting conservatism exist cause-and-effect relation. Furthermore, we analyze whether firms invest in strict common law country, Tax Haven, and corporate governance influence accounting conservatism. The empirical results are summarized as followed: (1) Corporate foreign investment can reduce accounting conservatism. (2) Accounting conservatism influences corporate foreign investment. That is, foreign investment and accounting conservatism exists cause-and-effect relation. (3) Firms invest in strict common law country affect accounting conservatism. (4) When Firms invest in Tax Haven, corporate increase the degree of accounting conservatism. (5) Corporate governance can influence the degree of effect between foreign investment and accounting conservatism.
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