Pricing the accrual effect in an emerging market
Empirical finding that the stocks with low accruals return higher than the stocks with high accruals is one of the most prominent market anomalies documented in financial economics literature. Evidence from developed markets suggests that the Capital Asset Pricing Model (CAPM), three-factor (3 F) mo...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2019-01-01
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| Series: | Ekonomska Istraživanja |
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| Online Access: | http://dx.doi.org/10.1080/1331677X.2019.1645715 |