Explaining Accrual Anomaly Using Multi-factor Pricing Model in Tehran Stock Exchange

Explaining Accrual Anomaly Using Multi-factor Pricing Model in Tehran Stock Exchange

<strong>Objective</strong><strong>:</strong> The main objective of this research is to explain the accrual anomaly using accruals factor (CMA) and accrual-based factor-mimicking portfolios as well as checking whether accrual anomaly is risk-based or mispricing. According to r...

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Bibliographic Details
Main Authors: Meysam Arabzadeh, Daruosh Foroghi, Hadi Amiri
Format: Article
Language:fas
Published: University of Tehran 2018-11-01
Series:تحقیقات مالی
Subjects:
accrual factor
accrual characteristic
behavior finance
limited attention of investor
mispricing
Online Access:https://jfr.ut.ac.ir/article_68610_e45b9fb651e7eb22b53c0ef094c3473d.pdf

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