| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086821 | Journal of Accounting and Economics | 2012 | 20 Pages |
Abstract
⺠Most investors ignore the information in accruals information. ⺠A subset of investors who initiate large trades, however, respond to accruals in the correct direction. ⺠These investors respond to accruals information only following non-negative earnings surprises. ⺠Investors initiating very small trades appear to respond to accruals in the wrong direction. ⺠They are actually reacting to attention grabbing stocks.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Robert H. Battalio, Alina Lerman, Joshua Livnat, Richard R. Mendenhall,