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:: year 10, Issue 40 (2019) ::
fa 2019, 10(40): 1-28 Back to browse issues page
Explaining Accrual Anomaly Using Ohlson Method in Tehran Stock Exchange
Meysam Arabzadeh , Daruosh Foroghi * 1, Hadi Amiri
Abstract:   (2221 Views)
One of the anomalies of the capital market is accrual anomaly. This anomaly refers to the negative relationship between returns and accruals. In the case of accrual anomaly, two behavioral and rational expectations have been raised. The main purpose of this study is to explain accrual anomaly using a new approach to distinguish an anomaly interpretation of risk interpretation. For this purpose, hypotheses were formulated and two logistic regressions were used to test the hypotheses. In this regard, the data of 120 companies from selected companies in the Tehran Stock Exchange for the years 2009 to 2016 have been selected. The results of the study show that low accruals increase the likelihood of obtaining high returns. In other words, the results of this research are contrary to the theory that accruals reflects risk, but supports the hypothesis that accrual anomalies is indeed an anomaly.
Keywords: Accrual Anomaly, Anomaly and Risk Interpretations, Earning Quality, Discretionary and Nondiscretionary Accruals
Full-Text [PDF 1051 kb]   (785 Downloads)    
Type of Study: Research | Subject: Special
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Arabzadeh M, Foroghi D, Amiri H. Explaining Accrual Anomaly Using Ohlson Method in Tehran Stock Exchange. fa 2019; 10 (40) :1-28
URL: http://qfaj.mobarakeh.iau.ir/article-1-1702-en.html


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year 10, Issue 40 (2019) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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