The accrual anomaly: Evidence from Borsa Istanbul

In this study, we seek to answer whether stock prices fully reflect information in accruals and cash flows about future earnings. Following prior research, we perform Mishkin test and hedge portfolio analysis. The results based on full sample do not indicate mispricing in the components of earnings...

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Bibliographic Details
Main Authors: Nasif Ozkan, Mustafa Mesut Kayali
Format: Article
Published: Elsevier 2015-06-01
Series:Borsa Istanbul Review
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