Disentangling the Accruals Mispricing in Europe: Is It an Industry Effect?

35 Pages Posted: 11 Apr 2014

See all articles by Elisabetta Basilico

Elisabetta Basilico

International Center of Corporate Governance

Tommi Johnsen

University of Denver - Daniels College of Business

Date Written: April 1, 2014

Abstract

This article examines the pervasiveness of the accruals mispricings in nine industries within a benchmark of seventeen European countries. We find that the accruals mispricing post the introduction of International Financial Reporting Standards is present in an average of two to six of the nine industries analyzed, depending on the type of ratio used as a proxy of the accruals mispricing.

Keywords: Accruals Mispricing, Industry, International Financial Reporting Standards, Stock Selection, Europe

JEL Classification: G12, G15

Suggested Citation

Basilico, Elisabetta and Johnsen, Thomajean, Disentangling the Accruals Mispricing in Europe: Is It an Industry Effect? (April 1, 2014). Department of Management, Università Ca' Foscari Venezia Working Paper No. 2014/5, Available at SSRN: https://ssrn.com/abstract=2423464

Elisabetta Basilico (Contact Author)

International Center of Corporate Governance ( email )

Pestalozzistrasse 2
P.O. Box 634
St. Gallen, 9001
Switzerland

Thomajean Johnsen

University of Denver - Daniels College of Business ( email )

2101 S. University Blvd.
Denver, CO 80208
United States

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