1 استادیار گروه حسابداری دانشگاه بین المللی امام خمینی(ره)، ایران
2 کارشناس ارشد حسابداری دانشگاه بین المللی امام خمینی(ره)، ایران
عنوان مقاله [English]
One of the efficient capital market assumptions is that rational investors react to new information, but experimental results indicate that the type of reaction to new information published is different and in some cases is not completely rational. In other words, people affected by psychological and behavioral factors may show different reactions and cause some abnormalities, including increased too much or less than is price. The purpose of this study was to evaluate the reaction of investors to Accruals which is creating Accrual anomaly in market. The statistical study included all the accepted companies in Tehran Stock Exchange for during the period 1999-2007. collectively we conclude that in the market there is Accrual anomaly and these resualt support the view that the accrual anomaly is attributable to the fundamental investment information contained in accruals.