Résumé
The paper "The market pricing of accruals quality" sustains that the quality of accruals is priced by the financial markets.
We can judge the value of this research by wondering to what extent, from a methodological and theoretical point of view, the accrual quality has an impact on the opportunity cost on capital.
In the first place, we will summarize the strengths of the research paper; this point will allow us to come to underline the weaknesses of the empirical method in a second section; eventually, we will notice the limitations of the theoretical approach.
Contents:
Introduction
1/ Synthesis of strengths
2/ Methodological weaknesses
3/ Theoretical limitations
Bibliography