The accrual anomaly : effects of financial statement presentation format on less-informed investors.

• Main Author: Low, Bernardine Mei Fong.
• Other Authors: Nanyang Business School
• Format: Research Report
• Language: English
• Published: 2009
• Subjects: DRNTU::Business::Accounting::Financial statements and analysis
• Online Access: http://hdl.handle.net/10356/14727
• Institution: Nanyang Technological University

I examine whether investors exhibit greater ability to discriminate between high-accrual and low-accrual firms when they have more knowledge of earnings persistence and when accrual information is presented more clearly in the financial statements. Using an experimental approach, I manipulate in the...