Accruals Anomaly and Cash Flows Anomaly: Evidence in France

Fatma Jadlaoui and Slaheddine Hallara
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Fatma Jadlaoui: Institut supérieur d’administration des entreprises Gafsa TUNISIE
Slaheddine Hallara: Institut supérieur de gestion de TUNIS Bardo, TUNISIE

International Journal of Research and Scientific Innovation, 2020, vol. 7, issue 10, 124-131

Abstract: The accruals anomaly and cash flows anomaly appear as an irregularity in financial markets. The results of previous empirical studies challenge the paradigm of financial market efficiency (Sloan 1996; Shi and Zhang 2011; Houge and Loughran 2000). The anomaly seems to be derived from users’ inability to recognise effect of accruals and cash flows on stock income. Prior literature revue, supports that the abnormal accruals and cash flows that are strong and solid in different context (Lafond 2005; Pincus et al. 2007). To address this issue, we conducted a study on a sample of 185 French firms over the period from 1998 to 2008. The results show that there is no evidence of the cash flow anomaly in France. But, we detect the existence of the accruals anomaly.

Date: 2020
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