THE MISHKIN TEST: AN ANALYSIS OF MODEL EXTENSIONS
This paper reviews empirical research that apply Mishkin test for the examination of the existence of accruals anomaly using alternative approaches. Mishkin test is a test used in macro-econometrics for rational hypothesis, which test for the market efficiency. Starting with Sloan (1996) the model h...
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| Format: | Article |
| Language: | English |
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Romanian Foundation for Business Intelligence
2015-04-01
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| Series: | SEA: Practical Application of Science |
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| Online Access: |
http://seaopenresearch.eu/Journals/articles/SPAS_7_56.pdf
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| _version_ | 1811197453395820544 |
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| author | Diana MURESAN |
| author_facet | Diana MURESAN |
| author_sort | Diana MURESAN |
| collection | DOAJ |
| description | This paper reviews empirical research that apply Mishkin test for the examination of the existence of accruals anomaly using alternative approaches. Mishkin test is a test used in macro-econometrics for rational hypothesis, which test for the market efficiency. Starting with Sloan (1996) the model has been applied to accruals anomaly literature. Since Sloan (1996), the model has known various improvements and it has been the subject to many debates in the literature regarding its efficacy. Nevertheless, the current evidence strengthens the pervasiveness of the model. The analyses realized on the extended studies on Mishkin test highlights that adding additional variables enhances the results, providing insightful information about the occurrence of accruals anomaly. |
| first_indexed | 2024-04-12T01:15:01Z |
| format | Article |
| id | doaj.art-04cb6ffb34424d689c1b7d444d91a54f |
| institution | Directory Open Access Journal |
| issn | 2360-2554 |
| language | English |
| last_indexed | 2024-04-12T01:15:01Z |
| publishDate | 2015-04-01 |
| publisher | Romanian Foundation for Business Intelligence |
| record_format | Article |
| series | SEA: Practical Application of Science |
| spelling | doaj.art-04cb6ffb34424d689c1b7d444d91a54f2022-12-22T03:54:00ZengRomanian Foundation for Business IntelligenceSEA: Practical Application of Science2360-25542015-04-01III7 (1/2015)393400seapas:y:2015:i:7:p:393-400THE MISHKIN TEST: AN ANALYSIS OF MODEL EXTENSIONSDiana MURESAN0 Babes-Bolyai University of Cluj-Napoca, Faculty of Economics and Business administration This paper reviews empirical research that apply Mishkin test for the examination of the existence of accruals anomaly using alternative approaches. Mishkin test is a test used in macro-econometrics for rational hypothesis, which test for the market efficiency. Starting with Sloan (1996) the model has been applied to accruals anomaly literature. Since Sloan (1996), the model has known various improvements and it has been the subject to many debates in the literature regarding its efficacy. Nevertheless, the current evidence strengthens the pervasiveness of the model. The analyses realized on the extended studies on Mishkin test highlights that adding additional variables enhances the results, providing insightful information about the occurrence of accruals anomaly. http://seaopenresearch.eu/Journals/articles/SPAS_7_56.pdf Accruals anomalyMishkin TestMarket efficiency |
| spellingShingle | Diana MURESAN THE MISHKIN TEST: AN ANALYSIS OF MODEL EXTENSIONS SEA: Practical Application of Science Accruals anomaly Mishkin Test Market efficiency |
| title | THE MISHKIN TEST: AN ANALYSIS OF MODEL EXTENSIONS |
| title_full | THE MISHKIN TEST: AN ANALYSIS OF MODEL EXTENSIONS |
| title_fullStr | THE MISHKIN TEST: AN ANALYSIS OF MODEL EXTENSIONS |
| title_full_unstemmed | THE MISHKIN TEST: AN ANALYSIS OF MODEL EXTENSIONS |
| title_short | THE MISHKIN TEST: AN ANALYSIS OF MODEL EXTENSIONS |
| title_sort | mishkin test an analysis of model extensions |
| topic | Accruals anomaly Mishkin Test Market efficiency |
| url |
http://seaopenresearch.eu/Journals/articles/SPAS_7_56.pdf
|
| work_keys_str_mv | AT dianamuresan themishkintestananalysisofmodelextensions AT dianamuresan mishkintestananalysisofmodelextensions |