Research has shown that a trading strategy based on publicly available accounting accrual information can earn abnormal returns of approximately 10 percent in the year after it is applied. This article reports a study of whether this quot;accruals anomalyquot; is sensitive to company size. The...

This study examines the performance of analyst recommendations made for securities listed in the Istanbul Stock Exchange (ISE). We investigate the long-run abnormal returns of a trading strategy that purchases (sells) stocks with the most (least) favorable recommendations. We also examine the...