{"id":"https://openalex.org/W3125833693","doi":"https://doi.org/10.2308/accr.2002.77.4.755","title":"Insider Trading, Earnings Quality, and Accrual Mispricing","display_name":"Insider Trading, Earnings Quality, and Accrual Mispricing","publication_year":2002,"publication_date":"2002-10-01","ids":{"openalex":"https://openalex.org/W3125833693","doi":"https://doi.org/10.2308/accr.2002.77.4.755","mag":"3125833693"},"language":"en","primary_location":{"id":"doi:10.2308/accr.2002.77.4.755","doi":"https://doi.org/10.2308/accr.2002.77.4.755","is_oa":false,"landing_page_url":"https://doi.org/10.2308/accr.2002.77.4.755","pdf_url":null,"source":{"id":"https://openalex.org/S160506855","display_name":"The Accounting Review","issn_l":"0001-4826","issn":["0001-4826","1558-7967"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310316290","host_organization_name":"American Accounting Association","host_organization_lineage":["https://openalex.org/P4310316290"],"host_organization_lineage_names":["American Accounting Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Accounting Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5090812904","display_name":"Messod Daniel Beneish","orcid":"https://orcid.org/0000-0002-9674-4148","observed_orcids":["https://orcid.org/0000-0002-9674-4148"]},"institutions":[{"id":"https://openalex.org/I592451","display_name":"Indiana University","ror":"https://ror.org/01kg8sb98","country_code":"US","type":"education","lineage":["https://openalex.org/I592451"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Messod D. Beneish","raw_affiliation_strings":["a Indiana University","Indiana University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"a Indiana University","institution_ids":["https://openalex.org/I592451"]},{"raw_affiliation_string":"Indiana University","institution_ids":["https://openalex.org/I592451"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5014018767","display_name":"Mark E. Vargus","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I162577319","display_name":"The University of Texas at Dallas","ror":"https://ror.org/049emcs32","country_code":"US","type":"education","lineage":["https://openalex.org/I162577319"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Mark E. Vargus","raw_affiliation_strings":["b The University of Texas at Dallas","The University of Texas at Dallas"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"b The University of Texas at Dallas","institution_ids":["https://openalex.org/I162577319"]},{"raw_affiliation_string":"The University of Texas at Dallas","institution_ids":["https://openalex.org/I162577319"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":50.3898,"has_fulltext":false,"cited_by_count":510,"citation_normalized_percentile":{"value":0.99641326,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":99,"max":100},"biblio":{"volume":"77","issue":"4","first_page":"755","last_page":"791"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9814000129699707,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9814000129699707,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.014800000004470348,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/insider-trading","display_name":"insider trading","score":0.9990000128746033},{"id":"https://openalex.org/keywords/earnings-quality","display_name":"earnings quality","score":0.9879999756813049},{"id":"https://openalex.org/keywords/accrual-persistence","display_name":"accrual persistence","score":0.8240000009536743},{"id":"https://openalex.org/keywords/opportunistic-earnings-management","display_name":"opportunistic earnings management","score":0.8539999723434448},{"id":"https://openalex.org/keywords/insider-trading-regulation","display_name":"insider trading regulation","score":0.8399999737739563}],"concepts":[{"id":"https://openalex.org/C4577558","wikidata":"https://www.wikidata.org/wiki/Q384475","display_name":"Accrual","level":3,"score":0.9649801850318909},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.7206449508666992},{"id":"https://openalex.org/C2781009383","wikidata":"https://www.wikidata.org/wiki/Q15995636","display_name":"Earnings management","level":3,"score":0.6971756219863892},{"id":"https://openalex.org/C2781078320","wikidata":"https://www.wikidata.org/wiki/Q854623","display_name":"Insider trading","level":2,"score":0.681862473487854},{"id":"https://openalex.org/C2778971194","wikidata":"https://www.wikidata.org/wiki/Q1664551","display_name":"Insider","level":2,"score":0.6598536968231201},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5701960325241089},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.5414142608642578},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5190982818603516},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.4269281327724457},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.36977124214172363},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17948728799819946},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2308/accr.2002.77.4.755","doi":"https://doi.org/10.2308/accr.2002.77.4.755","is_oa":false,"landing_page_url":"https://doi.org/10.2308/accr.2002.77.4.755","pdf_url":null,"source":{"id":"https://openalex.org/S160506855","display_name":"The Accounting Review","issn_l":"0001-4826","issn":["0001-4826","1558-7967"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310316290","host_organization_name":"American Accounting Association","host_organization_lineage":["https://openalex.org/P4310316290"],"host_organization_lineage_names":["American Accounting Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Accounting Review","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.4000000059604645,"id":"https://metadata.un.org/sdg/1","display_name":"No poverty"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":62,"referenced_works":["https://openalex.org/W111133282","https://openalex.org/W623990400","https://openalex.org/W1479933546","https://openalex.org/W1547479954","https://openalex.org/W1576728798","https://openalex.org/W1577613131","https://openalex.org/W1596507806","https://openalex.org/W1600128262","https://openalex.org/W1775343853","https://openalex.org/W1904654982","https://openalex.org/W1971763123","https://openalex.org/W1973337993","https://openalex.org/W1977704037","https://openalex.org/W1979436160","https://openalex.org/W1983338742","https://openalex.org/W1984016038","https://openalex.org/W1986187321","https://openalex.org/W1988160226","https://openalex.org/W1988620426","https://openalex.org/W1990806291","https://openalex.org/W1995455337","https://openalex.org/W1998618791","https://openalex.org/W2001408571","https://openalex.org/W2011813965","https://openalex.org/W2020970716","https://openalex.org/W2022701963","https://openalex.org/W2029095630","https://openalex.org/W2032154697","https://openalex.org/W2033050213","https://openalex.org/W2036281662","https://openalex.org/W2044758379","https://openalex.org/W2057190074","https://openalex.org/W2062651224","https://openalex.org/W2067171170","https://openalex.org/W2076947889","https://openalex.org/W2081864176","https://openalex.org/W2087955180","https://openalex.org/W2089180910","https://openalex.org/W2093260403","https://openalex.org/W2096552260","https://openalex.org/W2098630070","https://openalex.org/W2121877369","https://openalex.org/W2125520394","https://openalex.org/W2128043116","https://openalex.org/W2131177033","https://openalex.org/W2148069037","https://openalex.org/W2148171397","https://openalex.org/W2149662459","https://openalex.org/W2158654250","https://openalex.org/W2161531238","https://openalex.org/W2166215547","https://openalex.org/W2318395783","https://openalex.org/W3122766649","https://openalex.org/W3123062772","https://openalex.org/W3123473288","https://openalex.org/W3124176564","https://openalex.org/W3124702873","https://openalex.org/W3125111241","https://openalex.org/W3125780646","https://openalex.org/W4235328403","https://openalex.org/W4242905810","https://openalex.org/W4251733784"],"related_works":["https://openalex.org/W2166977906","https://openalex.org/W7066784997","https://openalex.org/W2215471705","https://openalex.org/W2748683876","https://openalex.org/W2265196373","https://openalex.org/W2952169364","https://openalex.org/W181412257","https://openalex.org/W1990654370","https://openalex.org/W3125497391","https://openalex.org/W909835268"],"abstract_inverted_index":{"This":[0],"paper":[1],"investigates":[2],"whether":[3],"insider":[4,34,42,78,98,171],"trading":[5,69,79,123],"is":[6,27,56,163],"informative":[7],"about":[8],"earnings":[9,109,146],"quality":[10],"and":[11,36,77,87,117,140],"the":[12,21,45,59,73,89,128,131,143],"valuation":[13],"implications":[14],"of":[15,24,61,75,92,135,145,157],"accruals.":[16],"We":[17],"show":[18],"that":[19,114,130,151],"(1)":[20],"one-year-ahead":[22,65],"persistence":[23,91,162],"income-increasing":[25,62,93],"accruals":[26,76,85,94,133],"significantly":[28,80],"lower":[29,90],"when":[30,38],"accompanied":[31,39,95],"by":[32,40,96],"abnormal":[33,41,97],"selling":[35,99],"greater":[37],"buying;":[43],"(2)":[44],"accrual":[46,161],"mispricing":[47,60],"phenomenon":[48],"observed":[49],"in":[50,124,141],"previous":[51],"work":[52],"(e.g.,":[53],"Sloan":[54],"1996)":[55],"due":[57],"to":[58,68,101,107,166],"accruals;":[63],"(3)":[64],"hedge":[66],"returns":[67],"strategies":[70],"based":[71,83],"on":[72,84,154],"direction":[74],"exceed":[81],"those":[82],"alone;":[86],"(4)":[88],"appears":[100],"be":[102],"at":[103],"least":[104],"partly":[105],"attributable":[106],"opportunistic":[108],"management.":[110,147],"Our":[111,148],"evidence":[112,149],"suggests":[113],"market":[115],"participants":[116],"researchers":[118],"can":[119],"use":[120],"managers'":[121],"contemporaneous":[122],"ex":[125],"ante":[126],"assessing":[127,142],"likelihood":[129,144],"firms'":[132],"are":[134],"high":[136],"or":[137],"low":[138],"quality,":[139],"suggesting":[150],"insiders":[152],"trade":[153],"their":[155],"knowledge":[156],"factors":[158],"associated":[159],"with":[160,169],"also":[164],"relevant":[165],"policymakers":[167],"charged":[168],"regulating":[170],"trading.":[172]},"counts_by_year":[{"year":2026,"cited_by_count":18},{"year":2025,"cited_by_count":10},{"year":2024,"cited_by_count":16},{"year":2023,"cited_by_count":23},{"year":2022,"cited_by_count":17},{"year":2021,"cited_by_count":16},{"year":2020,"cited_by_count":23},{"year":2019,"cited_by_count":24},{"year":2018,"cited_by_count":25},{"year":2017,"cited_by_count":21},{"year":2016,"cited_by_count":31},{"year":2015,"cited_by_count":18},{"year":2014,"cited_by_count":24},{"year":2013,"cited_by_count":33},{"year":2012,"cited_by_count":36}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2021-02-01T00:00:00"}
