Skip navigation


  • DSpace logo
  • Home
  • Collections
  • Researcher Profile
  • Explore by
    • Researcher Profile
  • VGU library
  • Help
  • User Guide
  • Sign on to:
    • My DSpace
    • Receive email
      updates
    • Edit Account details

VGU RESEARCH REPOSITORY


Please use this identifier to cite or link to this item: https://epub.vgu.edu.vn/handle/dlibvgu/667
Title: Accrual anomaly - case: Vietnam’s real estate section
Authors: Nguyen Ho Vinh Trung 
Keywords: Accrual anomaly;Real estate;Vietnam
Issue Date: 2017
Publisher: Vietnamese-German University
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.
URI(1): http://epub.vgu.edu.vn/handle/dlibvgu/667
Rights: Attribution-NonCommercial 4.0 International
Appears in Collections:Finance & Accounting (FA)

Files in This Item:
File Description SizeFormat Existing users please Login
Accrual anomaly - Vietnam's real estate section.pdf5.55 MBAdobe PDF
Show full item record

Page view(s)

77
checked on Aug 23, 2025

Download(s)

22
checked on Aug 23, 2025

Google ScholarTM

Check


This item is licensed under a Creative Commons License Creative Commons

© Copyright 2020 by Vietnamese - German University Library.
Add: Ring road 4, Quarter 4, Thoi Hoa Ward, Ben Cat City, Binh Duong Province
Tel.:(0274) 222 0990. Ext.: 70206