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VGU RESEARCH REPOSITORY


Please use this identifier to cite or link to this item: https://epub.vgu.edu.vn/handle/dlibvgu/667
DC FieldValueLanguage
dc.contributor.authorNguyen Ho Vinh Trungen_US
dc.date.accessioned2020-03-12T17:06:36Z-
dc.date.available2020-03-12T17:06:36Z-
dc.date.issued2017-
dc.identifier.urihttp://epub.vgu.edu.vn/handle/dlibvgu/667-
dc.description.abstractThere are two basic components of earnings, cash and accruals. Accruals is a portion of earning, which is forthcoming profit made up by accountants. There is a high possibility that cash is more high-­quality indicator of future earnings, because cash belongs to reality, presence while accruals are just estimation. If you are a rational investor, you should choose cash piece to select stocks. Paradoxically, with the US data, Sloan proved that US market trusts the accruals information more than cash information. Therefore, the mispricing happens and this anomaly is accruals anomaly. Then he created accrual strategy, which gained suprising profits, also the attention of researchers all around the world. This paper is going to replicate the method of Sloan to check whether accrual anomaly exists in Vietnam, particularly in the promising real estate section. The paper’s result is that although cash has more impact in futture earnings, the investors do not mispiricing and the accrual anomaly cannot be exploited. However, the accruals is worth including in stocks filter of investors, because of their effect on the long-­term return.en_US
dc.language.isoenen_US
dc.publisherVietnamese-German Universityen_US
dc.rightsAttribution-NonCommercial 4.0 International*
dc.rights.urihttps://creativecommons.org/licenses/by-nc/4.0/*
dc.subjectAccrual anomalyen_US
dc.subjectReal estateen_US
dc.subjectVietnamen_US
dc.titleAccrual anomaly - case: Vietnam’s real estate sectionen_US
dc.typeThesisen_US
item.fulltextWith Fulltext-
item.languageiso639-1other-
item.grantfulltextrestricted-
Appears in Collections:Finance & Accounting (FA)
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