The accrual anomoly: Australian evidence

DSpace/Manakin Repository

Search OPUS


Advanced Search

Browse

My Account

Show simple item record

dc.contributor.author Clinch, GJ
dc.contributor.author Fuller, D
dc.contributor.author Govendir, B
dc.contributor.author Wells, PA
dc.contributor.editor Stewart, J
dc.contributor.editor Hay, D
dc.date.accessioned 2010-05-28T10:04:42Z
dc.date.issued 2007-01
dc.identifier.citation 2007 AFAANZ Conference, 2007, pp. 1 - 37
dc.identifier.other E1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/11456
dc.description.abstract This paper investigates whether the accrual anomaly identified by Sloan (1996), whereby investors overestimate the impact of accruals on the persistence of earnings exists within an Australian context. While there is general support for the existence of the anomaly in Australia there are a number of idiosyncrasies in the results. First, there is evidence that in Australia investors underestimate the persistence of earnings. Second, there are greater errors in assessing the impact of cash flows on the persistence of earnings than accruals (i.e., a cash flow anomaly rather than an accruals anomaly). Third, returns to the hedged portfolio trading strategy are increasing over the three year period subsequent to portfolio formation. Analysis of these results indicates that they are primarily attributable to a limited number of firm year observations in the extreme positive tail of returns. Additionally, a range of sensitivity tests were undertaken to address the robustness of these results.
dc.publisher AFAANZ
dc.title The accrual anomoly: Australian evidence
dc.type Conference Proceeding
dc.parent 2007 AFAANZ Conference
dc.journal.number en_US
dc.publocation Gold Coast, Australia en_US
dc.identifier.startpage 1 en_US
dc.identifier.endpage 37 en_US
dc.cauo.name BUS.School of Accounting en_US
dc.conference Verified OK en_US
dc.conference Accounting and Finance Association of Australia and New Zealand Conference
dc.for 1501 Accounting, Auditing and Accountability
dc.personcode 920016
dc.personcode 995057
dc.personcode 106483
dc.personcode 999178
dc.percentage 100 en_US
dc.classification.name Accounting, Auditing and Accountability en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom Accounting and Finance Association of Australia and New Zealand Conference en_US
dc.date.activity 20070701 en_US
dc.date.activity 2007-07-01
dc.location.activity Gold Coast, Australia en_US
dc.description.keywords Financial reporting, Accrual anomaly. en_US
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/School of Accounting
utslib.copyright.status Open Access
utslib.copyright.date 2015-04-15 12:23:47.074767+10
utslib.collection.history General (ID: 2)


Files in this item

This item appears in the following Collection(s)

Show simple item record