Testing the accruals anomaly based on the speed of price adjustment
In this study, we investigate the nature of the accruals anomaly by analyzing the speed of price adjustment to accruals information. Consistent with the mispricing hypothesis, we find that a relatively larger proportion of accruals premium is distributed near the filing dates among low limits-to-arb...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Published: |
Routledge
2021
|
| Online Access: | http://hdl.handle.net/20.500.11937/89109 |
| _version_ | 1848765163201626112 |
|---|---|
| author | Choy, Siu Kai Lobo, Gerald J Tan, Yongxian |
| author_facet | Choy, Siu Kai Lobo, Gerald J Tan, Yongxian |
| author_sort | Choy, Siu Kai |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | In this study, we investigate the nature of the accruals anomaly by analyzing the speed of price adjustment to accruals information. Consistent with the mispricing hypothesis, we find that a relatively larger proportion of accruals premium is distributed near the filing dates among low limits-to-arbitrage stocks and during periods of increased arbitrage activity. We also discuss our findings in the context of q-theory. |
| first_indexed | 2025-11-14T11:30:53Z |
| format | Journal Article |
| id | curtin-20.500.11937-89109 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:30:53Z |
| publishDate | 2021 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-891092022-08-31T02:18:55Z Testing the accruals anomaly based on the speed of price adjustment Choy, Siu Kai Lobo, Gerald J Tan, Yongxian In this study, we investigate the nature of the accruals anomaly by analyzing the speed of price adjustment to accruals information. Consistent with the mispricing hypothesis, we find that a relatively larger proportion of accruals premium is distributed near the filing dates among low limits-to-arbitrage stocks and during periods of increased arbitrage activity. We also discuss our findings in the context of q-theory. 2021 Journal Article http://hdl.handle.net/20.500.11937/89109 10.1080/1351847X.2021.1998175 Routledge restricted |
| spellingShingle | Choy, Siu Kai Lobo, Gerald J Tan, Yongxian Testing the accruals anomaly based on the speed of price adjustment |
| title | Testing the accruals anomaly based on the speed of price adjustment |
| title_full | Testing the accruals anomaly based on the speed of price adjustment |
| title_fullStr | Testing the accruals anomaly based on the speed of price adjustment |
| title_full_unstemmed | Testing the accruals anomaly based on the speed of price adjustment |
| title_short | Testing the accruals anomaly based on the speed of price adjustment |
| title_sort | testing the accruals anomaly based on the speed of price adjustment |
| url | http://hdl.handle.net/20.500.11937/89109 |