Fundamentals or Managerial Discretion? The Relationship between Accrual Variability and Future Stock Return Volatility.

This study extends the theoretical framework of Callen and Segal (2004) and Vuolteenaho (2002) to investigate the association between accrual variability and firm-level stock return volatility. The empirical evidence supports our prediction that increased uncertainty in current-period accounting acc...

Descripción completa

Detalles Bibliográficos

Publicado en:	Abacus Vol. 49; no. 4; pp. 441 - 476
Autores principales:	Shan, Yaowen, Taylor, Stephen, Walter, Terry
Formato:	Artículo
Publicado:	Wiley-Blackwell Dec2013
Materias:	Accrual basis accounting Rate of return on stocks Volatility (Securities) Idiosyncratic risk (Securities) Mathematical decomposition Uncertainty (Information theory) Cash flow Organizational structure
Acceso en línea:	Ver este registro en EBSCOhost