Purpose – The purpose of this paper is to investigate the effect of operating cycle on the differential persistence of accruals and cash flow, and the market reaction to the different components of earnings across firms with various operating cycles. Design/methodology/approach – By examining the US public firms' earnings and the capital market reaction to different components of earnings, from 1964 to 1993, it is found that the longer the operating cycle, the lesser will be the persistent of accruals. Findings – This result is consistent with Sloan's theory that the differential persistence of accruals is attributable to estimation errors in accruals. Moreover, the market efficiency test shows that the mispricing of accruals is greater for...
We investigate whether stock prices reflect the asymmetric persistence of accruals and cash flows re...
This paper evaluates how persistent earnings and its accrual and cash flow components are conditiona...
Following Sloan (1996), numerous studies document that the accrual component of earnings is less per...
The research aims to study the behavior and determinants of earnings quality and accruals persistenc...
The research aims to study the behavior and determinants of earnings quality and accruals persistenc...
Academics have studied a lot of use of financial accounting information in predicting firms’ future ...
© 2015 Elsevier B.V.Economic theory suggests that the industry-wide component of firm performance is...
I explore the recent evidence on persistence of accrual anomaly, previously explored by Richard G. S...
This paper investigates the relation between investment and accruals to disentangle earning-fixation...
Understanding what drives stock returns is an essential question for investors, financial institutio...
This paper examines if the conditioning on market states is important to earnings management behavio...
We suggest that the failure of investors to distinguish between an earnings component's autocorrelat...
Recent research examines the implications of components of accruals for future profitability. Richar...
We investigate whether stock prices reflect the asymmetric persistence of accruals and cash flows re...
This paper evaluates how persistent earnings and its accrual and cash flow components are conditiona...
We investigate whether stock prices reflect the asymmetric persistence of accruals and cash flows re...
This paper evaluates how persistent earnings and its accrual and cash flow components are conditiona...
Following Sloan (1996), numerous studies document that the accrual component of earnings is less per...
The research aims to study the behavior and determinants of earnings quality and accruals persistenc...
The research aims to study the behavior and determinants of earnings quality and accruals persistenc...
Academics have studied a lot of use of financial accounting information in predicting firms’ future ...
© 2015 Elsevier B.V.Economic theory suggests that the industry-wide component of firm performance is...
I explore the recent evidence on persistence of accrual anomaly, previously explored by Richard G. S...
This paper investigates the relation between investment and accruals to disentangle earning-fixation...
Understanding what drives stock returns is an essential question for investors, financial institutio...
This paper examines if the conditioning on market states is important to earnings management behavio...
We suggest that the failure of investors to distinguish between an earnings component's autocorrelat...
Recent research examines the implications of components of accruals for future profitability. Richar...
We investigate whether stock prices reflect the asymmetric persistence of accruals and cash flows re...
This paper evaluates how persistent earnings and its accrual and cash flow components are conditiona...
We investigate whether stock prices reflect the asymmetric persistence of accruals and cash flows re...
This paper evaluates how persistent earnings and its accrual and cash flow components are conditiona...
Following Sloan (1996), numerous studies document that the accrual component of earnings is less per...