Delisting Regulation and Accrual Anomaly

摘要：

This paper doesnt find accrual anomaly for all firms in C hinese security market,the abnormal return for trading stralegy which is long in lowest accrual and short in biggest accrual is insignificant,owing to loss firms big bath. After deleting the loss firms,we find significant accrual anomaly.The paper contributs the results to delisting regulation policy rather than investors irrational behavior.

关键词： Accural LossFirms Big Bath Abnormal Return

作者: 李远鹏 牛建军

作者单位: 复旦大学管理学院会计系,200433 北京大学光华管理学院会计系 100871

会议类型: 国际会议

会议名称: 2007年中国国际金融年会

会议地点: 成都

会议语种:英文

在线出版日期: 2007-07-09（万方平台首次上网日期，不代表论文的发表时间）