Accounting conservatism and firm performance during the COVID‐19 pandemic

We explore whether firms with more conditionally conservative accounting practices have higher stock returns than other during the Covid-19 outbreak. find evidence that Chinese listed on Shanghai and Shenzhen Stock Exchanges applying reporting lower declines in return performance outbreak relative to firms. also beneficial role of conditional conservatism is when greater information asymmetry following pandemic. Our results are robust various model specifications four different measures an alternative window.