gained in importance. European industries show increased heterogeneity simultaneously with the start of the European Monetary …. On the other hand, basic industries, non-cyclical consumer goods, resources, and utilities became less affected by …

This article examines the pervasiveness of the accruals mispricings in nine industries within a benchmark of seventeen … is present in an average of two to six of the nine industries analyzed, depending on the type of ratio used as a proxy of …