Schøler, Finn - Ehrvervøkonomisk Institut, Institut for Økonomi - 2006
This paper deals with the accrual anomaly first documented by Sloan (1996), i.e. the finding that the stock market … share prices. <p> In the analysis presented here the earnings persistence effect of two particular unexpected accrual … components are specifically analyzed, namely the unexpected inventory accrual component and the unexpected accounts receivable …