Beer, Francisca; Hamdi, Badreddine; Zouaoui, Mohamed - In: Journal of Applied Accounting Research 19 (2018) 4, pp. 500-517
Purpose: The purpose of this paper is to examine whether investors’ sentiment affects accruals anomaly across European countries. Design/methodology/approach: The authors estimate the model using Fama–MacBeth regressions. The sample includes 54,572 firm-year observations for 4,787 European...