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File name: SSRN-id1793364. ; Size: 1907K
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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 CitationDechow, Patricia M., 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
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