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应计错误定价(Accruals Mispricing),即指市场对会计应计项目所反映的企业信息进行了错误定价,描述了会计应计与公司股价之间的某种关联,许多学者也称之为应计异象(Accrual Anomaly)。因其有效地将会计学理论与金融学理论融合共同解释经济现象,进一步拓展资本市场会计研究的领域,而倍受国内外学者关注。根据理论解释和影响程度的不同,应计错误定价研究可分为持续观、投资增长观和其他理论解释三大类。国外文献主要集中于前两类理论解释的研究(Sloan,1996;Collins和Hribar,2000:Xie,2001;Pincus、Rajgopal和Venkatachalam,2007等),部分学者也对应计错误定价的代理成本观、套利限制观和非误定价观等其他理论解释
Accruals Mispricing means that the market misprices the enterprise information reflected in accounting accruals, describes some relationship between accounting accruals and the company’s stock price, which many scholars also call accruals Accrual Anomaly. Because of its effective integration of accounting theory and finance theory to explain economic phenomena together, and further expand the field of accounting research in capital markets, and much attention of scholars at home and abroad. According to the different theoretical explanations and influence degrees, accruals of wrong pricing research can be divided into three categories: continuance concept, investment growth concept and other theoretical explanations. Foreign literature mainly focuses on the first two theories (Sloan, 1996; Collins and Hribar, 2000: Xie, 2001; Pincus, Rajgopal and Venkatachalam, 2007). Some scholars also consider the agency cost of mis- Other theoretical explanations, such as the restriction view and the non-false pricing view