Hirshleifer, David; Hou, Kewei; Teoh, Siew Hong; Zhang, … - 2004 - [Elektronische Ressource]
, even when, owing to different
accounting treatments, its meaning varies. Several empirical studies examine the effects …
]/Total Assets
t-1
. (7)
As in previous studies using operating accruals prior to SFAS #95 in 1988, we use this
method to … ensure consistency of the measure over time, and for comparability of results
with the past studies. We include Accruals and …