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Evaluating the 'Accrual-Fixation' Hypothesis as an Explanation for the Accrual Anomaly
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Evaluating the 'Accrual-Fixation' Hypothesis as an Explanation for the Accrual Anomaly (2006)Evaluating the 'Accrual-Fixation' Hypothe…The relation between corporate financing activities, analysts’ forecasts and stock returns (2006)The relation between corporat…The persistence of earnings and cash flows and the role of special items: Implications for the accrual anomaly (2006)The persistence of earnings a…Accrual reliability, earnings persistence and stock prices (2005)Accrual reliability, earnings…Default Risk in Equity Returns (2004)Default Risk in Equity ReturnsInvestor Sophistication and the Mispricing of Accruals (2003)Investor Sophistication and t…Accrued Earnings and Growth: Implications for Future Profitability and Market Mispricing (2003)Accrued Earnings and Growth: …Inventory Changes and Future Returns (2002)Inventory Changes and Future …Errors in Estimating Accruals: Implications for Empirical Research (2002)Errors in Estimating Accruals…The Mispricing of Abnormal Accruals (2001)The Mispricing of Abnormal Ac…Do Analysts and Auditors Use Information in Accruals? (2001)Do Analysts and Auditors Use …Capital markets research in accounting (2001)Capital markets research in a…Earnings-based and accrual-based market anomalies: one effect or two? (2000)Earnings-based and accrual-ba…Accounting earnings and cash flows as measures of firm performance (1994)Accounting earnings and cash …A Rational Expectations Approach to Macroeconometrics (1983)A Rational Expectations Appro…Financial Ratios and the Probabilistic Prediction of Bankruptcy (1980)Financial Ratios and the Prob…FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)FINANCIAL RATIOS, DISCRIMINAN…Earnings Management During Import Relief Investigations (1991)Common risk factors in the returns on stocks and bonds (1993)Profitability, investment and average returns (2006)A Framework for Understanding and Researching Audit Quality (2011)Detecting Earnings Management (2012)Replicating Anomalies (2018)Editor's Choice Digesting Anomalies: An Investment ApproachRisk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)A five-factor asset pricing model (2014)… and the Cross-Section of Expected Returns (2015)Financial Ratios As Predictors of Failure (1966)Conditional logit analysis of qualitative choice behavior (1972)Methodological Issues Related to the Estimation of Financial Distress Prediction Models (1984)Forecasting Bankruptcy More Accurately: A Simple Hazard Model (2001)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Earnings management and the underperformance of seasoned equity offerings11We thank Brad Barber (the referee), Randy Beatty, Vic Bernard, K.C. Chan, Kent Daniel, M. DeFond, Laura Field, David Heike, Chuan Yang Hwang, Jonathan Karpoff, S.P. Kothari, Charles Lee, Wayne Mikkelson (the editor), Tim Opler, Krishna Palepu, K. Ramesh, Jay Ritter, Terry Shevlin, Doug Skinner, Sheridan Titman, Ross Watts, Jerry Zimmerman, and seminar participants at the University of California Finance and Accounting Conference (Davis, March 1995), the NBER Corporate Finance Conference (Boston, August 1995), the Center for Research in Security Prices Seminar (Chicago, October 1995), the American Finance Association Conference (San Francisco, 1996), the American Accounting Association Conference (Chicago, August 1996), the University of Michigan, and the University of Rochester for helpful comments and discussions. (1998)The Effect of Audit Quality on Earnings Management* (1998)Do investors overvalue firms with bloated balance sheets? (2004)Adopting a Label: Heterogeneity in the Economic Consequences Around IAS/IFRS Adoptions (2012)Earnings management and annual report readability (2016)The economic implications of corporate financial reporting (2005)Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research (2010)Managerial Ability and Earnings Quality (2012)Detecting Earnings Management. (1995)The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)Earnings management and investor protection: an international comparison (2003)The pricing of discretionary accruals (1996)Performance matched discretionary accrual measures (2005)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)The Pricing of Options and Corporate Liabilities (1973)Forecasting Default with the Merton Distance to Default Model (2008)Credit Spreads and Business Cycle Fluctuations (2012)Judgment under Uncertainty: Heuristics and Biases (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Investor Inattention and Friday Earnings Announcements (2009)Managerial incentives and risk-taking☆ (2005)How does financial reporting quality relate to investment efficiency? (2009)
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References

  • 1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY14,869 cited
  • 1980Financial Ratios and the Probabilistic Prediction of Bankruptcy6,005 cited
  • 1994Accounting earnings and cash flows as measures of firm performance2,584 cited
  • 2001Capital markets research in accounting2,575 cited
  • 2004Default Risk in Equity Returns1,997 cited
  • 2002Errors in Estimating Accruals: Implications for Empirical Research1,683 cited
  • 2005Accrual reliability, earnings persistence and stock prices1,495 cited
  • 2001The Mispricing of Abnormal Accruals1,116 cited
  • 2001Do Analysts and Auditors Use Information in Accruals?752 cited
  • 2003Accrued Earnings and Growth: Implications for Future Profitability and Market Mispricing748 cited
  • 2006The relation between corporate financing activities, analysts’ forecasts and stock returns598 cited
  • 2002Inventory Changes and Future Returns524 cited
  • 2000Earnings-based and accrual-based market anomalies: one effect or two?454 cited
  • 1983A Rational Expectations Approach to Macroeconometrics399 cited
  • 2003Investor Sophistication and the Mispricing of Accruals375 cited

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  • 2006The persistence of earnings and cash flows and the role of special items: Implications for the accrual anomaly369 cited
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