Accruals anomalies could be explained by the adverse selection risk induced by the information structure: the case of the Japanese securities market

IF 2 Q2 ECONOMICS

Cogent Economics & Finance Pub Date : 2024-03-11 DOI:10.1080/23322039.2024.2318128

Hiroaki Isoyama

引用次数: 0

Abstract

Accruals are regarded as investments in working capital and are an integral component in the growth process of firms. By assuming asymmetry of information among investors when predicting the return...

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由信息结构引发的逆向选择风险可解释应计制异常：日本证券市场案例

应计项目被视为营运资本投资，是企业成长过程中不可或缺的组成部分。假设投资者在预测收益时存在信息不对称，那么应计项目的收益就会受到影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Cogent Economics & Finance ECONOMICS-

CiteScore

3.00

自引率

15.80%

发文量

309

审稿时长

12 weeks

期刊介绍： Cogent Economics & Finance, part of Taylor & Francis / Routledge, is a multidisciplinary open access journal publishing high-quality peer-reviewed research by authors from across the globe. Our inclusive nature ensures we cover the entire scope of economics and finance research – from financial economics to economic philosophy and everything in between, including replication studies – and we make sure this research is visible to everyone, anywhere, any time. Cogent Economics & Finance is headed up by an expert team of Senior Editors who, in keeping with our vision of inclusivity and sharing, evaluate submissions on scholarly merit and research integrity. Manuscripts are never rejected purely on the grounds of perceived importance or impact on the research community; article-level metrics allow the research to be assessed on its own merit.