Accrual Anomaly in the Brazilian Capital Market

Accrual Anomaly in the Brazilian Capital Market

This paper analyzes the phenomenon known as accrual anomaly in Brazil. In particular, we examine two hypotheses: (a) that the earnings expectation included in the stock price fails to reflect the difference in persistence of the earnings components (accruals and cash flows); and (b) that the con...

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Bibliographic Details
Main Authors: César Medeiros Cupertino, Antonio Lopo Martinez, Newton Carneiro Affonso da Costa Jr.
Format: Article
Language:English
Published: Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD) 2012-10-01
Series:BAR: Brazilian Administration Review
Subjects:
accrual anomaly
earnings quality
persistence of accruals.
Online Access:http://www.anpad.org.br/periodicos/arq_pdf/a_1350.pdf

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