Inventory changes and future returns
We find that the negative relation between accruals and future abnormal returns documented by Sloan (1996) is due mainly to inventory changes. We propose three explanations for this result, derived from the prior literature, but find evidence inconsistent with all three explanations. To assist futur...
| Asıl Yazarlar: | , |
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| Materyal Türü: | Journal Article |
| Dil: | English |
| Baskı/Yayın Bilgisi: |
2013
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| Online Erişim: | https://hdl.handle.net/10356/98348 http://hdl.handle.net/10220/17807 |