Are investors inattentive to the information content of advance receipts?

Advance receipts reflect implicit performance information, as they measure unearned revenue such that cash is received before the revenue can be recognised. This paper examines the information content and related pricing impact of advance receipts. We find that (1) advance receipts are positively re...

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Bibliographic Details
Main Authors: Chenyu Cui, Yuanyu Qu, Hao Gao
Format: Article
Language:English
Published: Taylor & Francis Group 2024-04-01
Series:China Journal of Accounting Studies
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/21697213.2023.2300293
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