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Accruals quality, stock returns and asset pricing: Evidence from the UK

✍ Scribed by Mouselli, Sulaiman; Jaafar, Aziz; Goddard, John


Book ID
121223409
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
249 KB
Volume
30
Category
Article
ISSN
1057-5219

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## Abstract We analyse the ability of the conditional asset pricing models to explain the cross‐sectional variation in UK stock returns. We examine conditional versions of the Sharpe‐Linter CAPM and the Fama‐French three‐factor model. The results indicate that the conditional single‐factor model is