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What is accruals anomaly documented in Sloan

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Reference no: EM132935869

Question - What is accruals anomaly documented in Sloan (1996)? Why do we call it an"anomaly"? Is it an evidence of market efficiency or market inefficiency? Explain first how accruals are defined (i.e., definition of accruals). Be brief and specific.

Reference no: EM132935869

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