Essays about: "Accruals anomaly"

Found 2 essays containing the words Accruals anomaly.

  1. 1. The Accruals Based Trading Strategy on the Swedish Stock Market: Does the benchmark when classifying extreme accrual firms have an impact on the trading strategy’s effectiveness?

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Jessica Buö; Ellinor Molander Kroon; [2014]
    Keywords : Accruals anomaly; trading strategy; market efficiency; earnings fixation; Business and Economics;

    Abstract : Purpose: To investigate if it is possible to earn abnormal returns from the accruals based trading strategy in Sweden. The aim is also to examine if the benchmark used when classifying firms into accruals portfolios has an impact on the abnormal returns from the trading strategy. READ MORE

  2. 2. Are Accruals Mispriced? Evidence from Sweden

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Boris Ivanov; Veronika Maximova; [2012]
    Keywords : Accrual Anomaly; Accruals; Discretionary Accruals; Jones model; Market Efficiency;

    Abstract : We investigate whether Sloan's (1996) accrual-based trading strategy extended with discretionary accrual measures could be applied to the Swedish market in 1998-2010. To increase the strength of our conclusions, we base our study on two alternative measures of discretionary accruals: the widely used Modified Jones (Dechow et al. READ MORE