Journal of Business Finance & Accounting

1988 - 2025

Current editor(s): P. F. Pope, A. W. Stark and M. Walker

From Wiley Blackwell
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Volume 24, issue 9‐10, 1997

Estimation of Internal Rate of Return Under Nonsteady Conditions pp. 1217-1251

Erkki K. Laitinen

Compliance Costs of Corporate Income Taxation in Singapore pp. 1253-1268

Mohamed Ariff

International Transfer Pricing for Business Operations in China: Inducements, Regulation and Practice pp. 1269-1289

Lynne Chan Chow K. Hung

Glamour and Value Strategies on the Tokyo Stock Exchange pp. 1291-1310

Jun Cai

Deposit Insurance, Capital Adequacy Requirements and Interest Rate Dynamics pp. 1311-1330

Gordon V., John M., Arun J. Karels Geppert Prakash

Financial Ratio Cross‐section Dynamics: a Non‐parametric Approach pp. 1331-1342

Jozef Konings

Pacific Rim Stock Market Integration Under Different Federal Funds Rate Regimes pp. 1343-1351

Daniel W.W. Cheung

Contrarian Investment Strategies in a European Context pp. 1353-1366

Iwan, Jeroen, Chris Brouwer Van Der Put Veld

Share Prices and Macroeconomic Factors pp. 1367-1383

Patricia Groenewold Fraser Nicolaas

A Description and Market Analysis of Write‐off Announcements pp. 1385-1400

Howard Bunsis

The Timing and Subsequent Performance of Initial Public Offerings (IPOs) on the Johannesburg Stock Exchange pp. 1401-1420

Ivan Page Reyneke Michael J.

Information Disclosure to Employees and Rational Expectations: A Game‐Theoretical Perspective pp. 1421-1431

Martin Frantz Walker Pascal

Information Disclosure to Employees and Rational Expectations: a Game‐Theoretical Perspective: a Comment pp. 1433-1435

David Peel

Volume 24, issue 7‐8, 1997

Foreword pp. 881-885

Lawrence A. Gordon and Andrew W. Stark

Models of Capital Investments with Private Information and Incentives: a Selective Review pp. 887-908

Rick Antle and John Fellingham

Discussion of Models of Capital Investments with Private Information and Incentives: a Selective Review pp. 909-913

Martin Walker

Laboratory Evidence on How Managers Intuitively Value Real Growth Options pp. 915-935

Sydney D. Howell and Axel J. Jägle

Discussion of Laboratory Evidence on How Managers Intuitively Value Real Options pp. 937-941

Richard Pike

Agency and Tax Explanations of Security Issuance Decisions pp. 943-961

Eamonn J. Walsh and James Ryan

Discussion of Agency and Tax Explanations of Security Issuance Decisions pp. 963-969

Abimbola Adedeji

An Examination of the Long Run Performance of UK Acquiring Firms pp. 971-1002

Alan Gregory

Discussion of An Examination of the Long Run Performance of UK Acquiring Firms pp. 1003-1007

Robin J. Limmack

Modelling Takeover Likelihood pp. 1009-1030

Ronan Powell

Discussion of Modelling Takeover Likelihood pp. 1031-1035

Hardy M. Thomas

Agency, Bid Resistance and the Market for Corporate Control pp. 1037-1066

Peter Holl and Dimitris Kyriazis

Discussion of Agency, Bid Resistance and the Market for Corporate Control pp. 1067-1074

Mike Wright

The Garman‐Ohlson Structural System pp. 1075-1099

Mark Tippett and Teresa Warnock

Discussion of The Garman‐Ohlson Structural System pp. 1101-1110

David J. Ashton

The Impact of Dividends, Debt and Investment on Valuation Models pp. 1111-1140

William P. Rees

Discussion of The Impact of Dividends, Debt, and Investment on Valuation Models pp. 1141-1145

Norman C. Strong

The Incremental Information Content of Accruals: Evidence Based on the Exponential Smoothing of Levels and Trends in Pre‐Tax Earnings, Funds Flow and Cash Flow pp. 1147-1167

Stuart McLeay, John Kassab and Mahmoud Helan

Discussion of The Incremental Information Content of Accruals: Evidence Based on the Exponential Smoothing of Levels and Trends in Pre‐tax Earnings, Funds Flow and Cash Flow pp. 1169-1175

Colin D.B. Clubb

Microstructure and Seasonality in the UK Equity Market pp. 1177-1204

Paul Draper and Krishna Paudyal

Discussion of Microstructure and Seasonality in the UK Equity Market pp. 1205-1215

J. Andrew Coutts

Volume 24, issue 6, 1997

Strategic Auditor Behavior and Going‐Concern Decisions pp. 727-758

Ella Mae Matsumura, K.R. Subramanyam and Robert R. Tucker

The Impact of Portfolio Diversification on Trading Rules Profits: Some Evidence for UK Share Portfolios pp. 759-779

Patricia L. Chelley‐Steeley and James Steeley

A Simulation‐Based Investigation of Errors in Accounting‐Based Surrogates for Internal Rate of Return pp. 781-802

Steven R. Fritsche and Michael T. Dugan

International Stock Market Efficiency and Integration: A Study of Eighteen Nations pp. 803-813

Kam C. Chan, Benton E. Gup and Ming‐Shiun Pan

The Effect of Federal Reserve Accounting Rules on the Equilibrium Level of Overnight Repo Rates pp. 815-832

Mark D. Griffiths and Drew B. Winters

Corporate Sales, Predisclosure Information and Return Variability pp. 833-850

George W. Blazenko

Relation Between Predisclosure Information Asymmetry and Trading Volume Reaction Around Quarterly Earnings Announcements pp. 851-867

Gerald J. Lobo and Samuel Tung

A Note on Selecting a Response Measure for Financial Distress pp. 869-879

Terry J. Ward and Benjamin P. Foster

Volume 24, issue 5, 1997

From T‐Bills to Stocks: Seasonal Anomalies Revisited pp. 573-592

Carl R. Chen and Anthony Chan

Terms Structure of Interest Rates and Implicit Options: The Case of Japanese Bond Futures pp. 593-614

Shang‐Wu Yu

Multidivisional Structure and Productivity: The Contingency of Diversification Strategy pp. 615-628

Ahmed Riahi‐Belkaoui

Federal Reserve Monetary Policy and Industry Stock Returns pp. 629-644

Gerald R. Jensen, Robert R. Johnson and W. Scott Bauman

The Robustness of the APT to Alternative Estimators pp. 645-655

Andrew Clare, Richard Priestley and Stephen Thomas

A Comparative Analysis of the Market Model and the Multiple‐Factor Market Model pp. 657-666

Teresa L. Conover

The Random Walk Hypothesis in the Spanish Stock Market: 1980–1992 pp. 667-684

Natividad Blasco, Cristina Del Rio and Rafael Santamaría

Optimal Bond Refunding: A Practical Approach pp. 685-704

Sudipto Sarkar

Ethical Unit Trust Financial Performance: Small Company Effects and Fund Size Effects pp. 705-725

Alan Gregory, John Matatko and Robert Luther

Volume 24, issue 3, 1997

Detecting Information from Directors' Trades: Signal Definition and Variable Size Effects pp. 309-342

Alan Gregory, John Matatko and Ian Tonks

Bid‐ask Spreads, Trading Volume and Volatility: Intra‐day Evidence from the London Stock Exchange pp. 343-362

A. Abhyankar, Dipak Ghosh, E. Levin and R.J. Limmack

Re‐examining Cointegration, Unit Roots and Efficiency in Foreign Exchange Rates pp. 363-374

John P. Lajaunie and Atsuyuki Naka

The Equal Bid Principle: An Analysis of the Thirteenth Council Takeover Directive of the European Union pp. 375-396

Clas Bergström and Peter Högfeldt

Covered Purchasing Power Parity, Ex‐ante PPP and Risk Aversion pp. 397-412

Michael Moore

Growth Opportunities and Investment Decisions: A New Perspective on the Cost of Capital pp. 413-424

Kee H. Chung and Kyu H. Kim

Trading Returns for the Weekend Effect Using Intraday Data pp. 425-444

Edward H. Chow, Ping Hsiao and Michael E. Solt

The Effect of Golden Parachutes on Shareholder Wealth and Takeover Probabilities pp. 445-463

Pamela L. Hall and Dwight C. Anderson

Target Firm Returns: Does the Form of Payment Affect Abnormal Returns? pp. 465-479

Wallace N. Davidson and Louis T.W. Cheng

Value Under Active and Passive Debt Management Policy pp. 481-496

Tony Appleyard and Ian M. Dobbs

The Effect of Bond Rating Changes and New Ratings on UK Stock Returns pp. 497-509

M.J. Barron, A.D. Clare and S.H. Thomas

The Provision of Non‐audit Services and the Pricing of Audit Fees pp. 511-525

Michael Firth

Timeliness of Reporting and Earnings Information Transfers pp. 527-540

Jerry C.Y. Han and John J. Wild

Deferred Taxes and Bond Ratings: A Canadian Case pp. 541-557

S. Chattopadhyay, F.J. Arcelus and G. Srinivasan

Multi‐factor Risk‐return Relationships pp. 559-570

George Diacogiannis and Panayiotis F. Diamandis

Volume 24, issue 2, 1997

Consistency of UK Pension Fund Investment Performance pp. 155-178

Gavin Brown, Paul Draper and Eddie McKenzie

Ownership Differences and Firms' Income Smoothing Behavior pp. 179-196

Steven J. Carlson and Chenchuramaiah T. Bathala

A Survey of Managerial Incentives and Investment Bias — Common Structure but Differing Assumptions pp. 197-248

Erik Bohlin

Do Assumptions About Factor Structure Matter in Empirical Tests of the APT? pp. 249-260

Ian Garrett and Richard Priestley

An Empirical Study of Volatility in Seven Southeast Asian Stock Markets Using ARV Models pp. 261-276

Mike K.P. So, K. Lam and W.K. Li

Accounting Losses and Earnings Response Coefficients: The Impact of Leverage and Growth Opportunities pp. 277-292

Minna Martikainen

Transition Period of Mandated Accounting Changes — Timing of Adoption and Economic Consequences: The Case of SEAS No. 13 pp. 293-307

Samir M. El‐Gazzar and Bikki L. Jaggi

Volume 24, issue 1, 1997

The Effect of Regulatory Announcements on the Cost of Equity Capital of British Telecom pp. 1-26

Antonios Antoniou and Gioia M. Pescetto

Do Stock Market Investors Overreact? pp. 27-50

Gishan Dissanaike

Is Stock Market Overreaction Persistent Over Time? pp. 51-66

Carl R. Chen and David A. Sauer

Boundary Conditions for Ratios with Positively Distributed Components pp. 67-84

Stuart McLeay

The Cost of Bond Covenant Restrictions on the Disposition of Assets pp. 85-96

Mary M. Pashley, C.R. Krishnaswamy and Erika W. Gilbert

Capital Adequacy, Bank Mergers, and the Medium of Payment pp. 97-124

Gustavo Grullon, Roni Michaely and Itzhak Swary

Tax, Corporate Behaviour and the Foreign Income Dividend Scheme pp. 125-143

Daniella Acker, David J. Ashton and Sue Green

Preliminary Evidence on Takeover Target Returns in Spain: A Note pp. 145-153

Carlos Ocaña, J. Ignacio Peña and Doloros Robles