000			02088nam a22002897a 4500
003			ZW-GwMSU
005			20210414114443.0
008			210414b ||||| |||| 00| 0 eng d
022			_a0148-558X
040			_aMSU _cMSU _erda
100			_aDopuch, Nicholas _eauthor
245	1	4	_aThe impact of a heterogeneous accrual-generating process on Empirical Accrual Models/ _cNicholas Dopuch
264			_aThousand Oaks, California: _bSage, _c2012.
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aJournal of Accounting Auditing and Finance _vVolume 27 , number 3 ,
520			_aThe cross-sectional approach that is typically used to estimate accrual models implicitly assumes that firms within the same industry have a homogeneous accrual-generating process (AGP). In this article, the authors examine this implicit assumption along three dimensions. First, they argue that the relationship between working-capital accruals and changes in sales is more complex than portrayed by existing empirical accrual models. In addition to sales changes, accruals are also affected by accrual determinants such as firms’ inventory and credit policies. Second, the authors provide evidence that the assumption of a uniform AGP is violated in industries whose firms’ accrual determinants are highly dispersed. Third, they document some implications of violating the assumption of a uniform AGP. Firms in industries with high variations in accrual determinants are likely to have large absolute abnormal accruals. The authors show that the previously documented increase in the absolute level of abnormal accruals over time could be attributed, in part, to the increased heterogeneity in industries with respect to their AGPs.
650	4		_aEarnings management
650	4		_aAccrual models,
650	4		_a Jones model
700	1		_aMashruwala, Raj _eauthor
700	1		_aSeethamraju, Chandra _eauthor
700	1		_aZach, Tzachi _eauthor
856			_uhttps://doi.org/10.1177/0148558X11409157
942			_2lcc _cJA
999			_c156541 _d156541