Luo, Miao; Chen, Tao; Cai, Jun - In: China Finance Review International 9 (2019) 3, pp. 401-422
Purpose: For most companies, growth measures such as asset growth are positively correlated with accrual measures. Just like investment in fixed assets, current accrual represents one form of investment and is an integral part of a firm’s business growth. This makes it difficult to...