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We examine the information content of high accruals momentum defined as a string of high discretionary accruals for four consecutive years. We find that firms that consistently report high levels of discretionary accruals experience low subsequent returns. The results are robust after we control...
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This paper examines the value relevance of accounting fundamentals in the Mexican Stock Market ([BMV] - Bolsa Mexicana … de Valores). The research question that motivated the paper was: Can accounting fundamentals provide relevant information … to better understand firm value? More specifically, the paper examines whether the application of an accounting …
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