Effect of Prior Periods Intangible Return on Relationship between Accruals and Future Return

Thenegative relation between accruals and future return, knownas accrualanomaly, introduced by sloan (1996) in accounting literature. He represented that accrual mispricing is the cause of this anomaly. Moreover, the results of resutek,s research (2010) presented intangible return as an effective fa...

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Autores principales:	Darush Foroghi, Hadi Amiri, Narges Hamidian
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2012
Materias:	accrual anomaly intangible return persistence argument growth argument Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/3724cd471b0d4cb79c2ea18477e0afa7
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spelling	oai:doaj.org-article:3724cd471b0d4cb79c2ea18477e0afa72021-11-04T19:42:26ZEffect of Prior Periods Intangible Return on Relationship between Accruals and Future Return2008-89142476-292X10.22103/jak.2012.117https://doaj.org/article/3724cd471b0d4cb79c2ea18477e0afa72012-08-01T00:00:00Zhttps://jak.uk.ac.ir/article_117_61d51828f62e45aa84a08c650a620cf7.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThenegative relation between accruals and future return, knownas accrualanomaly, introduced by sloan (1996) in accounting literature. He represented that accrual mispricing is the cause of this anomaly. Moreover, the results of resutek,s research (2010) presented intangible return as an effective factor on relation between accruals and future return. Intangible return indicates information's about future growth opportunities that not recognize by accounting criterions in periods of accruals recognition. In this research, besides investigating the relation between accruals and future return, the effect of prior period's intangible return on relation between accruals and future return is examined. For this intent, a sample of 80 firms listed in Tehran stock exchange during the period of 1999-2010 examined. For test research hypotheses is used of multivariate and univariate regression analyse by pooling data method. The results of the assessment showed a meaningful and negative relation between accruals and future return (accrual anomaly). In addition, prior period's intangible return is effective on relation between accruals and future return. In other words, with import this variable in research model, the meaningful and negative relation between accruals and future return disappear.Darush ForoghiHadi AmiriNarges HamidianShahid Bahonar University of Kermanarticleaccrual anomalyintangible returnpersistence argumentgrowth argumentAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 3, Iss 9, Pp 101-122 (2012)
institution	DOAJ
collection	DOAJ
language	FA
topic	accrual anomaly intangible return persistence argument growth argument Accounting. Bookkeeping HF5601-5689
spellingShingle	accrual anomaly intangible return persistence argument growth argument Accounting. Bookkeeping HF5601-5689 Darush Foroghi Hadi Amiri Narges Hamidian Effect of Prior Periods Intangible Return on Relationship between Accruals and Future Return
description	Thenegative relation between accruals and future return, knownas accrualanomaly, introduced by sloan (1996) in accounting literature. He represented that accrual mispricing is the cause of this anomaly. Moreover, the results of resutek,s research (2010) presented intangible return as an effective factor on relation between accruals and future return. Intangible return indicates information's about future growth opportunities that not recognize by accounting criterions in periods of accruals recognition. In this research, besides investigating the relation between accruals and future return, the effect of prior period's intangible return on relation between accruals and future return is examined. For this intent, a sample of 80 firms listed in Tehran stock exchange during the period of 1999-2010 examined. For test research hypotheses is used of multivariate and univariate regression analyse by pooling data method. The results of the assessment showed a meaningful and negative relation between accruals and future return (accrual anomaly). In addition, prior period's intangible return is effective on relation between accruals and future return. In other words, with import this variable in research model, the meaningful and negative relation between accruals and future return disappear.
format	article
author	Darush Foroghi Hadi Amiri Narges Hamidian
author_facet	Darush Foroghi Hadi Amiri Narges Hamidian
author_sort	Darush Foroghi
title	Effect of Prior Periods Intangible Return on Relationship between Accruals and Future Return
title_short	Effect of Prior Periods Intangible Return on Relationship between Accruals and Future Return
title_full	Effect of Prior Periods Intangible Return on Relationship between Accruals and Future Return
title_fullStr	Effect of Prior Periods Intangible Return on Relationship between Accruals and Future Return
title_full_unstemmed	Effect of Prior Periods Intangible Return on Relationship between Accruals and Future Return
title_sort	effect of prior periods intangible return on relationship between accruals and future return
publisher	Shahid Bahonar University of Kerman
publishDate	2012
url	https://doaj.org/article/3724cd471b0d4cb79c2ea18477e0afa7
work_keys_str_mv	AT darushforoghi effectofpriorperiodsintangiblereturnonrelationshipbetweenaccrualsandfuturereturn AT hadiamiri effectofpriorperiodsintangiblereturnonrelationshipbetweenaccrualsandfuturereturn AT nargeshamidian effectofpriorperiodsintangiblereturnonrelationshipbetweenaccrualsandfuturereturn
_version_	1718444640977289216

Effect of Prior Periods Intangible Return on Relationship between Accruals and Future Return

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