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quarterly financial accounting journal 2019, 11(42): 1-23 Back to browse issues page
Analysis of the effect of Accruals Strategy on Return on Investment Firms
Seyed Ehsan Hosseini, Seyed Abbas Hashemi 1, Hadi Amiri
Abstract:   (259 Views)

This study analyses the effect of traditional and percent accruals strategies on excess and risk adjusted returns. In this analysis, the characteristics of investment firms were controlled. For this purpose, we collect quarterly data of 33 investment firms listed in Tehran Stock Exchange for the years 2011-2018. The hypotheses were tested using linear regression analysis. We find that traditional accruals strategy has a significant positive effect on excess return. But there is not a significant relationship between traditional accruals strategy and risk adjusted return. Moreover the results show that the percent accruals strategy has a significant positive effect on excess and risk adjusted returns.
Keywords: Accruals Anomaly, Traditional Accruals Strategy, Percent Accruals Strategy, Investment Company, Efficient Market Hypothesis.
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Type of Study: Research | Subject: Special
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Hosseini S E, Hashemi S A, Amiri H. Analysis of the effect of Accruals Strategy on Return on Investment Firms. quarterly financial accounting journal. 2019; 11 (42) :1-23
URL: http://qfaj.ir/article-1-1735-en.html


year 11, Issue 42 (2019) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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