Using the percent accrual measure proposed by Hazfalla et al. (2011), we empirically evaluate the predictions of … earnings fixation hypothesis and limits to arbitrage hypothesis on the accrual anomaly in the U.K. stock market. We show a … occurrence of the percent accrual anomaly, while limits to arbitrage are of great significance in explaining the persistence of …

Motivated by the unique nature of family firms and the puzzling persistence of the accrual anomaly worldwide, we study … the presence and economic significance of the accrual anomaly separately for family and non-family firms using a sample of … regarding the accrual anomaly’s occurrence and persistence within family firms …