Empirical evidence on cross-country differences in explaining accruals anomaly

Diana Muresan () and Monica Ioana POP Silaghi ()
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Diana Muresan: Faculty of Economics and Business Administration,Babes-Bolyai University
Monica Ioana POP Silaghi: Faculty of Economics and Business Administration,Babes-Bolyai University

Romanian Journal of Economics, 2014, vol. 39, issue 2(48), 121-132

Abstract: This paper examines whether accruals anomaly is related to cross-country factors of the developed stock markets. The paper finds that the extensive use of an accrual accounting system or accounting standards with a spread ownership concentration may impact negatively the accruals anomaly in various countries.The cross-sectional regression reveals that the legal system has no influence in the occurrence of accruals anomaly.Moreover, accruals anomaly is positively affected by the regulations norms.Overall, our results suggest that cross-country differences in the accounting and institutional systems allow for accruals anomaly with prevalence in some countries.

Keywords: accruals anomaly; accounting systems; institutional factors; developed countries (search for similar items in EconPapers)
JEL-codes: G15 M40 M41 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:39:y:2014:i:48:p:121-132

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