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Why is the accrual anomaly not arbitraged away? The role of idiosyncratic risk and transaction costs

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  • Mashruwala, Christina
  • Rajgopal, Shivaram
  • Shevlin, Terry

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  • Mashruwala, Christina & Rajgopal, Shivaram & Shevlin, Terry, 2006. "Why is the accrual anomaly not arbitraged away? The role of idiosyncratic risk and transaction costs," Journal of Accounting and Economics, Elsevier, vol. 42(1-2), pages 3-33, October.
    • Handle: RePEc:eee:jaecon:v:42:y:2006:i:1-2:p:3-33
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