INSTITUTIONS OF OWNERSHIP OF CONSERVATIVE COMPOSITION AND ACCOUNTING (LITERATURE STUDY OF ARTICLES: INTITUTIONAL OWNERSHIP COMPOSITION AND ACCOUNTING CONSERVATISM)

This study empirically investigates the relationship between the institutional self-composition of ership and accounting conservatism. Transient (dedicated) institutional investors, holding a portfolio of diversified (concentrated) with high portfolio turnover (low) focus on short-term (long term) portfolio and trading perspectives strictly (generally not trading) on current income news. Thus, I predict it as a transient (dedicated), increased ownership agency, the company will show a decrease (higher) conservatism. Consistent with my prediction, in the context of asymmetric timeliness of earnings, I document it as a transient (dedicated) level of increased ownership, earnings asymmetrically (minus) in time to recognize the bad news.