Doukakis, Leonidas C.; Papanastasopoulos, Georgios A. - In: Journal of International Financial Markets, … 32 (2014) C, pp. 256-277
On the basis of an accrual decomposition into two components capturing output growth and accounting distortions, this paper analyzes the effects of accounting accruals on firms’ future performance in the U.K. stock market. Findings reveal a strong negative association of accruals with future...