Testing the accruals anomaly based on the speed of price adjustment

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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...

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Bibliographic Details
Main Authors:	Choy, Siu Kai, Lobo, Gerald J, Tan, Yongxian
Format:	Journal Article
Published:	Routledge 2021
Online Access:	http://hdl.handle.net/20.500.11937/89109

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