According to Collins, Gong, and Hribar (2003), an accrual-based hedge portfolio yields:

A. smaller future abnormal returns for firms with high institutional ownership relative to firms with low institutional ownership.

B. larger future abnormal returns for firms with high institutional ownership relative to firms with low institutional ownership

C. the same amount of future abnormal returns for firms with high institutional ownership relative to firms with low institutional ownership

D. smaller future abnormal returns for firms with high foreign ownership relative to firms with high domestic ownership