Is the Accruals Anomaly More Persistent in Firms With Weak Internal Controls?
In 1996, Sloan identified the accruals anomaly, in which the negative relationship between the accruals component of current earnings and subsequent stock returns can be exploited to generate excess returns. One would expect the accruals anomaly to dissipate and ultimately disappear as investors tak...
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| Format: | Others |
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Scholarship @ Claremont
2018
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| Online Access: | http://scholarship.claremont.edu/cmc_theses/1884 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=2997&context=cmc_theses |