Testing the accruals anomaly based on the speed of price adjustment
| dc.contributor.author | Choy, Siu Kai | |
| dc.contributor.author | Lobo, Gerald J | |
| dc.contributor.author | Tan, Yongxian | |
| dc.date.accessioned | 2022-08-03T10:19:09Z | |
| dc.date.available | 2022-08-03T10:19:09Z | |
| dc.date.issued | 2021 | |
| dc.identifier.citation | Choy, S.K. and Lobo, G.J. and Tan, Y. 2021. Testing the accruals anomaly based on the speed of price adjustment. The European Journal of Finance. | |
| dc.identifier.uri | http://hdl.handle.net/20.500.11937/89109 | |
| dc.identifier.doi | 10.1080/1351847X.2021.1998175 | |
| dc.description.abstract |
In this study, we investigate the nature of the accruals anomaly by analyzing the speed of price adjustment to accruals information. Consistent with the mispricing hypothesis, we find that a relatively larger proportion of accruals premium is distributed near the filing dates among low limits-to-arbitrage stocks and during periods of increased arbitrage activity. We also discuss our findings in the context of q-theory. | |
| dc.publisher | Routledge | |
| dc.title | Testing the accruals anomaly based on the speed of price adjustment | |
| dc.type | Journal Article | |
| dcterms.source.volume | 0 | |
| dcterms.source.startPage | 1 | |
| dcterms.source.endPage | 21 | |
| dcterms.source.issn | 1351-847X | |
| dcterms.source.title | The European Journal of Finance | |
| dc.date.updated | 2022-08-03T10:19:09Z | |
| curtin.department | School of Accounting, Economics and Finance | |
| curtin.accessStatus | Fulltext not available | |
| curtin.faculty | Faculty of Business and Law | |
| curtin.identifier.article-number | 0 |
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