The accrual anomaly in the Greek stock market
نویسندگان
چکیده
منابع مشابه
Explaining Accrual Anomaly Using Ohlson Method in Tehran Stock Exchange
One of the anomalies of the capital market is accrual anomaly. This anomaly refers to the negative relationship between returns and accruals. In the case of accrual anomaly, two behavioral and rational expectations have been raised. The main purpose of this study is to explain accrual anomaly using a new approach to distinguish an anomaly interpretation of risk interpretation. For this purpos...
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We investigate whether the accruals anomaly (Sloan 1996), characterized by U.S. stock prices over-weighting the role of accrual persistence and under-weighting the role of operating cash flow persistence for future earnings, is a local manifestation of a global phenomenon. Hence, we examine whether stock prices in six other major capital markets and Japan) fully reflect the implications of the ...
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ژورنال
عنوان ژورنال: Investment Management and Financial Innovations
سال: 2016
ISSN: 1810-4967,1812-9358
DOI: 10.21511/imfi.13(2-2).2016.07