Corpus ID: 195850017

Understanding the Asset Growth Anomaly

@inproceedings{ODonovan2019UnderstandingTA,
  title={Understanding the Asset Growth Anomaly},
  author={J. O'Donovan},
  year={2019}
}
  • 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
    1 Citations

    Figures and Tables from this paper.

    Equity Financing Risk

    References

    SHOWING 1-10 OF 61 REFERENCES
    Going, Going, Gone? The Apparent Demise of the Accruals Anomaly
    • 171
    Reexamining Growth Effects: Are All Types of Asset Growth the Same?
    • 5
    Dissecting the Asset Growth Anomaly
    • 1
    • Highly Influential
    On the Scope and Drivers of the Asset Growth Effect
    • 103
    • PDF
    Empirical Evidence on Capital Investment, Growth Options, and Security Returns
    • 294
    • Highly Influential