Chen, Changling; Huang, Alan Guoming; Jha, Ranjini - In: Journal of Financial and Quantitative Analysis 47 (2012) 04, pp. 873-899
Variation in idiosyncratic return volatility from 1978 to 2009 is attributable to discretionary accrual volatility and the correlation between premanaged earnings and discretionary accruals reflective of information quality across firms. These results are robust to controls for firm operating...