Influences of the accruals generation processes on the accrual anomaly

Govendir, BJ

Influences of the accruals generation processes on the accrual anomaly

Govendir, BJ

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Publication Type:: Thesis
Issue Date:: 2011

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Field	Value	Language
dc.contributor.author	Govendir, BJ
dc.date.accessioned	2011-05-24T00:57:40Z
dc.date.accessioned	2012-12-15T03:53:20Z
dc.date.available	2011-05-24T00:57:40Z
dc.date.available	2012-12-15T03:53:20Z
dc.date.issued	2011
dc.identifier.uri	http://hdl.handle.net/10453/20321
dc.description.abstract	This thesis re-examines the accrual anomaly identified by Sloan (1996) to determine if this result is a consequence of particular aspects of research design. In particular, whether there are differences in the implications of accruals for the persistence of earnings across different accrual types, and whether the implications of accruals for the persistence of earnings differ across firms. Evidence is provided that accruals components are not homogeneous, and have differing implications for the persistence of earnings. Significantly, where cash flows lag earnings recognition (e.g., sales made on credit) they have greater implications for the persistence of earnings. Evidence is also provided of differences in implications of accruals for the persistence of earnings across firms. Differences between the actual implications for persistence, and those inferred from prices, are greatest where the earnings return relation is weakest. Critically, while new insights are provided into the accrual anomaly, a complete explanation has yet to be determined.	en
dc.format	Thesis (PhD)	en
dc.language.iso	en	en
dc.relation	https://opus.lib.uts.edu.au/bitstream/10453/20321/2/02Whole.pdf
dc.relation.replaces	http://hdl.handle.net/2100/1240
dc.rights	info:eu-repo/semantics/openAccess
dc.rights	The author owns the copyright in this thesis including all reproduction and reuse rights for the work. The work may not be altered without the permission of the copyright owner. Attribution is essential when quoting or paraphrasing from this thesis.
dc.rights	au.edu.uts.lib/ppc
dc.subject	Accrual anomaly.	en
dc.subject	Clustering.	en
dc.title	Influences of the accruals generation processes on the accrual anomaly	en
dc.type	Thesis
utslib.copyright.status	open_access

Abstract:

This thesis re-examines the accrual anomaly identified by Sloan (1996) to determine if this result is a consequence of particular aspects of research design. In particular, whether there are differences in the implications of accruals for the persistence of earnings across different accrual types, and whether the implications of accruals for the persistence of earnings differ across firms. Evidence is provided that accruals components are not homogeneous, and have differing implications for the persistence of earnings. Significantly, where cash flows lag earnings recognition (e.g., sales made on credit) they have greater implications for the persistence of earnings. Evidence is also provided of differences in implications of accruals for the persistence of earnings across firms. Differences between the actual implications for persistence, and those inferred from prices, are greatest where the earnings return relation is weakest. Critically, while new insights are provided into the accrual anomaly, a complete explanation has yet to be determined.

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http://hdl.handle.net/10453/20321