Corpus ID: 195850017

Understanding the Asset Growth Anomaly

  title={Understanding the Asset Growth Anomaly},
  author={J. O'Donovan},
  • J. O'Donovan
  • Published 2019
  • Non-investment components of balance sheet asset growth which are related to earnings management contributed to the asset growth anomaly in the past. These components of balance sheet asset growth are no longer related to returns since 2002 and this has contributed to the disappearance of the asset growth anomaly. I provide evidence that the Sarbanes-Oxley Act reduced earnings management and improved the integrity of accounting information: earnings manipulation has decreased, earnings… CONTINUE READING
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