Journal of Business Finance & Accounting

1988 - 2026

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

From Wiley Blackwell
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Volume 22, issue 8, 1995

EVOLUTION AND CHANGE: AN ANALYSIS OF THE FIRST DECADE OF THE UK VENTURE CAPITAL INDUSTRY pp. 1077-1106

Gordon C. Murray

DETERMINANTS OF EUROBONDS YIELDS pp. 1107-1124

Abimbola Adedeji and Andrew M. McCosh

AN EMPIRICAL ANALYSIS OF WARRANT PRICES VERSUS LONG‐TERM CALL OPTION PRICES pp. 1125-1146

Chris Veld and Adri Verboven

THE CAPM, THE APT AND A CONTINGENT CLAIMS MODEL OF A SECURITIES HOUSE pp. 1147-1168

Andrew Clare

COMPETENCE AND INDEPENDENCE: THE CONGENIAL TWINS OF AUDITING? pp. 1169-1177

Tom Lee and Mary Stone

A MARKET BASED ANALYSIS OF INCOME SMOOTHING pp. 1179-1193

Stuart E. Michelson, James Jordan‐Wagner and Charles W. Wootton

THE INCREMENTAL EFFECT OF NARRATIVE ACCOUNTING INFORMATION IN CORPORATE ANNUAL REPORTS pp. 1195-1210

Malcolm Smith and Richard Taffler

THE CONDITIONAL RELATIONSHIP BETWEEN FINANCIAL LEVERAGE AND CORPORATE INVESTMENT: FURTHER CLARIFICATION pp. 1211-1219

Joseph C. Kang

Volume 22, issue 7, 1995

FURTHER NOTES ON ESTIMATING ECONOMIC RETURNS FROM PUBLISHED ACCOUNTING STATEMENTS pp. 923-938

Anthony Steele

EVIDENCE ON NEGATIVE EARNINGS RESPONSE COEFFICIENTS pp. 939-959

Douglas A. Schroeder

THE OVERREACTION HYPOTHESIS AND THE UK STOCKMARKET pp. 961-973

Andrew Clare and Stephen Thomas

THE INFORMATION CONTENT OF SECURITY ANALYSES: EVIDENCE FROM STANDARD & POOR'S COMMON STOCK QUALITY RANKING CHANGES pp. 975-989

James Felton, Douglas Hearth and Pu Liu

TAX CLIENTELES OF DEPRECIABLE REAL ESTATE INVESTMENTS IN THE USA pp. 991-1021

M. Shahid Ebrahim

INTRADAY RETURNS AND THE DAY‐END EFFECT: EVIDENCE FROM THE HONG KONG EQUITY MARKET pp. 1023-1034

Yan‐Leung Cheung

SHORT‐TERM ABNORMAL RETURNS OF THE CONTRARIAN STRATEGY IN THE JAPANESE STOCK MARKET pp. 1035-1048

Rosita P. Chang, D.W. McLeavey and S. Ghon Rhee

THE COST OF CAPITAL UNDER CONDITIONS OF PERSONAL TAXES AND INFLATION pp. 1049-1062

M. Rashid and Ben Amoako‐Aou

THE LEVERAGE EFFECT IN INDIVIDUAL STOCKS AND THE DEBT TO EQUITY RATIO pp. 1063-1075

Gregory Koutmos and Reza Saidi

Volume 22, issue 6, 1995

LOG‐NORMALITY AND ARBITRAGE FREE BOUNDS ON THE DISTRIBUTION RANGE OF ZERO‐COUPON PURE DISCOUNT BOND RETURNS pp. 769-788

Arun J. Prakash, Michael W. Smyser and Shahid S. Hamid

THE EFFECT OF AFTER‐HOURS ANNOUNCEMENTS ON THE INTRADAY U‐SHAPED VOLUME PATTERN pp. 789-809

Allen B. Atkins and Somnath Basu

DECENTRALIZATION, MANAGEMENT ACCOUNTING SYSTEM (MAS) INFORMATION CHARACTERISTICS AND THEIR INTERACTION EFFECTS ON MANAGERIAL PERFORMANCE: A SINGAPORE STUDY pp. 811-830

Yew Ming Chia

STOCK MARKET REACTION TO GERMAN REUNIFICATION pp. 831-844

Jahangir Sultan

NEW EVIDENCE ON PREDICTABILITY IN WORLD EQUITY MARKETS pp. 845-854

Steven J. Cochran and Robert H. Defina

THE RELATION BETWEEN PREDISCLOSURE INFORMATION AND THE DISPERSION OF FINANCIAL ANALYSTS’FORECASTS OF EARNINGS pp. 855-865

Jang Y. Cho and Charles Harter

A TEST OF THE CONTROL HYPOTHESIS OF BOND CREATION pp. 867-880

Aigbe Akhigbe and T. Harikumar

ON THE INFLATION RISK PREMIUM pp. 881-892

Quentin C. Chu, Cheng F. Lee and Deborah N. Pittman

AN EXAMINATION OF BETA ESTIMATION USING DAILY IRISH DATA pp. 893-906

Louis Murray

THE BAYESIAN RANDOM COEFFICIENT MARKET MODEL IN EVENT STUDIES: THE CASE OF EARNINGS ANNOUNCEMENTS pp. 907-922

Byungjun Ahn and Hyun Mo Sung

Volume 22, issue 5, 1995

AN EXAMINATION OF DEBT‐EQUITY PROXIES VS. ACTUAL DEBT COVENANT RESTRICTIONS IN ACCOUNTING CHOICE STUDIES pp. 615-635

Joanne C. Duke, David P. Franz and Herbert G. Hunt

A COMPARATIVE ANALYSIS OF THE CHARACTERISTICS OF INTERNATIONAL TAKEOVERS pp. 637-657

Louis T.W. Cheng and Kam C. Chan

INVESTMENT ANALYST RECOMMENDATIONS: A TEST OF‘THE ANNOUNCEMENT EFFECT’AND‘THE VALUABLE INFORMATION EFFECT’ pp. 659-670

W. Scott Bauman, Sudip Datta and Mai E. Iskandar‐Datta

ESTIMATING THE PERMANENT COMPONENT OF UK STOCK PRICES USING MULTIVARIATE EVIDENCE ON BOTH PRICES AND DIVIDENDS pp. 671-680

Terence C. Mills

CAPITAL BUDGETING, DEBT MANAGEMENT AND THE APV CRITERION pp. 681-694

Colin D.B. Clubb and Paul Doran

THE DIFFERENTIAL INFORMATION CONTENTS OF UNEXPECTED PERMANENT AND TEMPORARY EARNINGS pp. 695-712

Mohinder Parkash

DETERMINING THE STAGE AT WHICH IT IS APPROPRIATE TO RECOGNISE PROFIT UNDER LONG‐TERM CONTRACTS pp. 713-731

Benzion Barlev

AN EMPIRICAL ANALYSIS OF THE CAUSAL RELATIONSHIP BETWEEN SHORT INTEREST AND STOCK PRICES pp. 733-749

Celal Aksu and Erdal Gunay

VALUATION EFFECTS FROM ISSUING ZERO‐COUPON DEBT pp. 751-768

Aigbe Akhigbe, Jeff Madura and Carolyn Spencer

Volume 22, issue 4, 1995

MANAGEMENT BUY‐OUTS IN THE SHORT AND LONG TERM pp. 461-482

Mike Wright, Steve Thompson, Ken Robbie and Pauline Wong

THE FINANCIAL PERFORMANCE OF ETHICAL INVESTMENT FUNDS pp. 483-496

C.A. Mallin, B. Saadouni and R.J. Briston

EARNINGS MANAGEMENT AND THE ECONOMY SECTOR HYPOTHESIS: EMPIRICAL EVIDENCE ON A CONVERSE RELATIONSHIP IN THE FINNISH CASE pp. 497-520

Juha Kinnunen, Eero Kasanen and Jyrki Niskanen

ON MODELING CROSS SECTIONAL DISTRIBUTIONS OF FINANCIAL RATIOS pp. 521-549

Hon‐Shiang Lau, Amy Hing‐Ling Lau and Donald W. Gribbin

DIVIDEND INITIATION ANNOUNCEMENT EFFECTS AND THE FIRM'S INFORMATION ENVIRONMENT pp. 551-573

Devashis Mitra and James E. Owers

TESTS OF THE VALUE LINE RANKING SYSTEM: SOME INTERNATIONAL EVIDENCE pp. 575-585

Trevor W. Chamberlain, C. Sherman Cheung and Clarence C.Y. Kwan

INSIDER TRADING ACTIVITY SURROUNDING ANNUAL EARNINGS ANNOUNCEMENTS pp. 587-614

Sechoul Park, H. Jonathan Jang and Martin P. Loeb

Volume 22, issue 3, 1995

AUDITOR SWITCHING: THE PRICING OF AUDIT SERVICES pp. 323-344

S. Butterworth and K.A. Houghton

THE INFORMATION CONTENT OF FIRM FINANCIAL DISCLOSURES pp. 345-362

Frederick A. Rippington and Richard J. Taffler

SPECIFICATION TESTS OF A MARKET MODEL OF ASIA‐PACIFIC STOCK RETURNS: THAILAND AND HONG KONG pp. 363-375

CHI‐Keung Woo, Aaron Lai and Yan‐Leung Cheung

MODELLING STOCK MARKET VOLATILITY IN AUSTRALIA pp. 377-396

Des Nicholls and David Tonuri

ASSET ALLOCATION AND THE EQUITY PREMIUM PUZZLE pp. 397-413

Walter Hlawitschka and Michael Tucker

AN EXAMINATION OF INTERNATIONAL EQUITY MARKETS USING AMERICAN DEPOSITARY RECEIPTS (ADRs) pp. 415-430

Shelly E. Webb, Dennis T. Officer and Bryan E. Boyd

FINANCIAL STATEMENTS, INVESTMENT ANALYST FORECASTS AND ABNORMAL RETURNS pp. 431-447

Richard J. Dowen and W. Scott Bauman

THE LEAD‐LAG EFFECT BETWEEN LARGE AND SMALL FIRMS: EVIDENCE FROM FINLAND pp. 449-454

Teppo Martikainen, Jukka Perttunen and Vesa Puttonen

INFORMATION CONTENT OF FINANCIAL LEVERAGE; AN EMPIRICAL STUDY: A COMMENT pp. 455-460

Robert G. Bowman

Volume 22, issue 2, 1995

INTERNAL CASH FLOW, INSIDER OWNERSHIP, AND CAPITAL EXPENDITURES: A TEST OF THE PECKING ORDER AND MANAGERIAL HYPOTHESES pp. 179-199

Emmett H. Griner and Lawrence A. Gordon

THE RELATIVE VOLATILITY OF THE MARKETS IN EQUITIES AND INDEX FUTURES pp. 201-223

John Board and Charles Sutcliffe

THE DISTRIBUTION OF REVERSALS AND CONTINUATIONS AND TESTS FOR INTRADAY MARKET EFFICIENCY pp. 225-243

Thomas F. Gosnell

ON THE EIGEN STRUCTURE OF THE MEAN VARIANCE EFFICIENT SET pp. 245-255

A. Steele

THE EFFECT OF PRICE LIMITS ON STOCK PRICE VOLATILITY: EMPIRICAL EVIDENCE IN KOREA pp. 257-267

Sang‐Bin Lee and Kwang‐Jung Kim

THE INFORMATION CONTENT OF INTERIM FINANCIAL REPORTS: UK EVIDENCE pp. 269-279

Kwaku K. Opong

INTERDEPENDENCE OF ASIAN EMERGING EQUITY MARKETS pp. 281-288

Bill Wan‐Sing Hung and Yan‐Leung Cheung

RELATIONSHIP BETWEEN VOLATILITY AND EXPECTED RETURNS ACROSS INTERNATIONAL STOCK MARKETS pp. 289-300

Panayiotis Theodossiou and Unro Lee

STOCK PRICE REACTIONS TO VOLUNTARY VERSUS MANDATORY SOCIAL ACTIONS: THE CASE OF SOUTH AFRICAN DIVESTITURE pp. 301-311

Tarun K. Mukherjee, Vineeta L. Hingorani and Sang H. Lee

THE INTEGRATION AND EFFICIENCY OF INTERNATIONAL BOND MARKETS pp. 313-322

Andrew D. Clare, Michael Maras and Stephen H. Thomas

Volume 22, issue 1, 1995

FINANCE AND MARKET BASED ACCOUNTING RESEARCH pp. 1-4

Norman Strong and Pradeep Yadav

SHARE PRICE ANTICIPATION OF EARNINGS AND THE EFFECT OF EARNINGS PERSISTENCE AND FIRM SIZE pp. 5-18

Raymond Donnelly and Martin Walker

THE INCREMENTAL INFORMATION CONTENT OF EARNINGS, FUNDS FLOW AND CASH FLOW: THE UK EVIDENCE pp. 19-34

Ashiq Ali and Peter F. Pope

AN EMPIRICAL STUDY OF THE INFORMATION CONTENT OF ACCOUNTING EARNINGS, FUNDS FLOWS AND CASH FLOWS IN THE UK pp. 35-52

Colin D.B. Clubb

RETURN/EARNINGS REGRESSIONS AND RESIDUAL INCOME: EMPIRICAL EVIDENCE pp. 53-66

J. O'Hanlon

THE ACCURACY AND RATIONALITY OF EARNINGS FORECASTS BY UK ANALYSTS pp. 67-85

John Capstaff, Krishna Paudyal and William Rees

ON THE DYNAMICS OF STOCK INDEX FUTURES AND INDIVIDUAL STOCK RETURNS pp. 87-100

Teppo Martikainen, Jukka Perttunen and Vesa Puttonen

TERM STRUCTURE VOLATILITY AND BUND FUTURES EMBEDDED OPTIONS pp. 101-127

Bing‐huei Lin and Dean A. Paxson

THE UK STOCK MARKET AND ECONOMIC FACTORS: A NEW APPROACH pp. 129-142

Arnold C.S. Cheng

AN EXAMINATION OF THE SELECTIVITY AND MARKET TIMING PERFORMANCE OF UK UNIT TRUSTS pp. 143-156

Jonathan Fletcher

EMPIRICAL IRREGULARITIES IN THE ESTIMATION OF BETA: THE IMPACT OF ALTERNATIVE ESTIMATION ASSUMPTIONS AND PROCEDURES pp. 157-177

Paul Draper and Krishna Paudyal