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Perotti et al., 2017 - Google Patents

Managerial discretion in accruals and informational efficiency

Perotti et al., 2017

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Document ID
8357392978161747802
Author
Perotti P
Windisch D
Publication year
Publication venue
Journal of Business Finance & Accounting

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Snippet

In this paper, we examine the relation between managerial discretion in accruals and informational efficiency. We measure managerial discretion in accruals by the absolute value of abnormal accruals. Assuming that efficient prices follow a random walk, we …
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