search query: @freeterm accruals / total: 8
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| Author: | Balsam, S. Bartov, E. Marquard, C. |
| Title: | Accruals management, investor sophistication, and equity valuation: evidence from 10-Q filings |
| Journal: | Journal of Accounting Research
2002 : SEP, VOL. 40:4, p. 987-1012 |
| Index terms: | Equity capital Financial statements Valuation |
| Freeterms: | Accruals |
| Language: | eng |
| Abstract: | The release of the full set of financial statements in Form 10-Q provides investors with the data necessary to estimate the discretionary portion of earnings, thereby allowing them to better assess the integrity of reported quarterly earnings. Thus, a negative association between unexpected discretionary accruals estimated using 10-Q disclosures and stock returns around 10-Q filing dates is expected in this study. Consistent with the expectations, a negative association between unexpected discretionary accruals and cumulative abnormal returns is documented over a short window around the 10-Q filing date. |
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