Abstract

http://ssrn.com/abstract=1793364
 
 

References (42)



 
 

Citations (5)



 


 



The Accrual Anomaly


Patricia M. Dechow


University of California, Berkeley - Haas School of Business

Natalya V. Khimich


University of California, Berkeley

Richard G. Sloan


University of California at Berkeley - Haas School of Business

March 22, 2011


Abstract:     
This paper provides a practitioner-oriented review of the accrual anomaly in Sloan (1996) and related subsequent research. We begin with two simple examples that illustrate the computation and interpretation of accruals. We next review Sloan's (1996) original paper and related subsequent research corroborating Sloan's interpretation of the accrual anomaly. We next summarize research providing alternative explanations for the accrual anomaly. We finish with a brief discussion of the practical implications of this research.

Number of Pages in PDF File: 36

Keywords: Accrual, Anomaly, Earnings, Stock Prices

JEL Classification: G12, G14, M41

working papers series





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Date posted: March 28, 2011  

Suggested Citation

Dechow, Patricia M. and Khimich, Natalya V. and Sloan, Richard G., The Accrual Anomaly (March 22, 2011). Available at SSRN: http://ssrn.com/abstract=1793364 or http://dx.doi.org/10.2139/ssrn.1793364

Contact Information

Patricia M. Dechow
University of California, Berkeley - Haas School of Business ( email )
545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States
Natalya V. Khimich
University of California, Berkeley ( email )
310 Barrows Hall
Berkeley, CA 94720
United States
Richard G. Sloan (Contact Author)
University of California at Berkeley - Haas School of Business ( email )
545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States
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