VGU RESEARCH REPOSITORY
Please use this identifier to cite or link to this item:
https://epub.vgu.edu.vn/handle/dlibvgu/667| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Nguyen Ho Vinh Trung | en_US |
| dc.date.accessioned | 2020-03-12T17:06:36Z | - |
| dc.date.available | 2020-03-12T17:06:36Z | - |
| dc.date.issued | 2017 | - |
| dc.identifier.uri | http://epub.vgu.edu.vn/handle/dlibvgu/667 | - |
| dc.description.abstract | There 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.iso | en | en_US |
| dc.publisher | Vietnamese-German University | en_US |
| dc.rights | Attribution-NonCommercial 4.0 International | * |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc/4.0/ | * |
| dc.subject | Accrual anomaly | en_US |
| dc.subject | Real estate | en_US |
| dc.subject | Vietnam | en_US |
| dc.title | Accrual anomaly - case: Vietnam’s real estate section | en_US |
| dc.type | Thesis | en_US |
| item.fulltext | With Fulltext | - |
| item.languageiso639-1 | other | - |
| item.grantfulltext | restricted | - |
| Appears in Collections: | Finance & Accounting (FA) | |
Files in This Item:
| File | Description | Size | Format | Existing users please Login |
|---|---|---|---|---|
| Accrual anomaly - Vietnam's real estate section.pdf | 5.55 MB | Adobe PDF |
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