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 39, issue 9-10, 2012

Earnings Surprise Implicit in Stock Prices: Which Earnings Forecasting Models are Investors Using and What Determines Their Choice? pp. 1161-1179

Leon Zolotoy

How Do Managers of Non-Announcing Firms Respond to Intra-Industry Information Transfers? pp. 1180-1213

Rosemond Desir

Determinants of the Use of Value-based Performance Measures for Managerial Performance Evaluation pp. 1214-1239

Henri Dekker, Tom Groot, Martijn Schoute and Eelke Wiersma

Do Compensation Committees Pay Attention to Section 404 Opinions of the Sarbanes-Oxley Act? pp. 1240-1271

Audrey Wen-Hsin Hsu and Chih-Hsien Liao

Does Compensation Structure Alleviate Personal CEO Risks? pp. 1272-1297

Richard A. Lord and Yoshie Saito

CEO Compensation from M&As in Australia pp. 1298-1329

Martin Bugeja, Raymond da Silva Rosa, Lien Duong and Izan H.y

Why Firms Do Not Pay Dividends: The Canadian Experience pp. 1330-1356

H. Kent Baker, Bin Chang, Shantanu Dutta and Samir Saadi

Motives for Mergers and Acquisitions: Ex-Post Market Evidence from the US pp. 1357-1375

Hien Thu Nguyen, Kenneth Yung and Qian Sun

Security Analysis, Dealer-Analyst Collaboration, and Market Quality: Evidence from the NASDAQ Market in the USA pp. 1376-1402

Kee H. Chung, Mingsheng Li and Xin Zhao

UK Short Selling Activity and Firm Performance pp. 1403-1417

Panagiotis Andrikopoulos, James Clunie and Antonios Siganos

Volume 39, issue 7-8, 2012

Religious Social Norms and Corporate Financial Reporting pp. 845-875

Scott D. Dyreng, William J. Mayew and Christopher D. Williams

Has the Regulation of Pro Forma Reporting in the US Changed Investors’ Perceptions of Pro Forma Earnings Disclosures? pp. 876-904

Dirk E. Black, Ervin L. Black, Theodore E. Christensen and William G. Heninger

On the Anomalous Stock Price Response to Management Earnings Forecasts pp. 905-935

Somnath Das, Kyonghee Kim and Sukesh Patro

Effects of Disclosure Quality on Market Mispricing: Evidence from Derivative-Related Loss Announcements pp. 936-959

Jaiho Chung, Hyungseok Kim, Woojin Kim and Yong Keun Yoo

Options Trading and the Extent that Stock Prices Lead Future Earnings Information pp. 960-996

Cameron Truong

Executive Compensation Restrictions: Do They Restrict Firms’ Willingness to Participate in TARP? pp. 997-1027

Brian Cadman, Mary Ellen Carter and Luann J. Lynch

Cross-Border versus Domestic Acquisitions and the Impact on Shareholder Wealth pp. 1028-1067

Jo Danbolt and Gillian Maciver

The Impact of Earnings Predictability on Bank Loan Contracting pp. 1068-1101

Iftekhar Hasan, Jong Chool Park and Qiang Wu

Do the Use of Proceeds Disclosure and Bank Characteristics Affect Bank Underwriters’ Certification Roles? pp. 1102-1130

Katsushi Suzuki and Kazuo Yamada

Discovering a Profitable Trading Strategy in an Apparently Efficient Market: Exploiting the Actions of Less Informed Traders in Speculative Markets pp. 1131-1159

Ming-Chien Sung, Johnnie E. V. Johnson and John Peirson

Volume 39, issue 5-6, 2012

Accounting Discretion and Fair Value Reporting: A Study of US Banks’ Fair Value Reporting of Mortgage-Backed-Securities pp. 531-566

Kang Cheng

How a Two-Step Approach Discloses Different Determinants of Voluntary Social and Environmental Reporting pp. 567-605

Lies Bouten, Patricia Everaert and Robin W. Roberts

Differential Audit Quality, Propensity Score Matching and Rosenbaum Bounds for Confounding Variables pp. 606-648

Michael Peel and Gerald Makepeace

Analyst vs. Market Forecasts of Earnings Management to Avoid Small Losses pp. 649-674

Michael Eames and Yongtae Kim

Correlated Errors: Why a Monotone Relationship Between Forecast Precision and Trading Profitability May Not Hold pp. 675-699

Jochen Lawrenz and Alex Weissensteiner

IPO Underpricing to Retain Family Control under Concentrated Ownership: Evidence from Hong Kong pp. 700-729

Xin Yu and Ying Zheng

The Relationship between Borrower Risk and Loan Maturity in Small Business Lending pp. 730-757

Karolin Kirschenmann and Lars Norden

Determinants of Expected Stock Returns: Large Sample Evidence from the German Market pp. 758-784

Sabine Artmann, Philipp Finter and Alexander Kempf

Capital Gains Taxation and Equity Returns: The Case of Mutual Savings Banks pp. 785-805

Michael Kelly, Xin Wu and Donald R. Chambers

Portfolio Optimization Using a Block Structure for the Covariance Matrix pp. 806-843

David Disatnik and Saggi Katz

Volume 39, issue 3-4, 2012

Market Underestimation of the Implications of R&D Increases for Future Earnings: The US Evidence pp. 289-314

Ashiq Ali, Mustafa Ciftci and William M. Cready

The Timing of Quarterly ‘Pro Forma’ Earnings Announcements pp. 315-359

Nerissa C. Brown, Theodore E. Christensen and W. Brooke Elliott

Which Competitive Efforts Lead to Future Abnormal Economic Rents? Using Accounting Ratios to Assess Competitive Advantage pp. 360-398

Victoria Dickinson and Gregory A. Sommers

Resources or Power? Implications of Social Networks on Compensation and Firm Performance pp. 399-426

Joanne Horton, Yuval Millo and George Serafeim

IPO Survival in a Reputational Market pp. 427-463

Susanne Espenlaub, Arif Khurshed and Abdulkadir Mohamed

Demand for Dividends: The Case of UK Water Companies pp. 464-499

Seth Armitage

Firm Valuation in Venture Capital Financing Rounds: The Role of Investor Bargaining Power pp. 500-530

Andy Heughebaert and Sophie Manigart

Volume 39, issue 1-2, 2012

Abnormal Accrual Estimates and Evidence of Mispricing pp. 1-34

C.S. Agnes Cheng, Cathy Zishang Liu and Wayne Thomas

A Simple Model Relating Accruals to Risk, and its Implications for the Accrual Anomaly pp. 35-59

Mozaffar Khan

Non-Audit Services and Knowledge Spillovers: Evidence from New Zealand pp. 60-81

W. Robert Knechel, Divesh Sharma and Vineeta D. Sharma

CEO Centrality and Meeting or Beating Analysts’ Earnings Forecasts pp. 82-112

Vivek Mande and Myungsoo Son

Bank Lending Networks, Experience, Reputation, and Borrowing Costs: Empirical Evidence from the French Syndicated Lending Market pp. 113-140

Christophe Godlewski, Bulat Sanditov and Thierry Burger-Helmchen

Pre-IPO Acquirers’ Issuance Cost and Long-Run Performance: Do Their M&A Disclosures Matter? pp. 141-164

Junming Hsu, Weiju Young and Hsin-Yi Wang

Why Do Firms Go Public? The Role of the Product Market pp. 165-192

Abe de Jong, Carel A. Huijgen, Teye A. Marra and Peter Roosenboom

Wealth Effects of Credit Risk Securitization in European Banking pp. 193-228

Andr Uhde, Christian Farruggio and Tobias C. Michalak

Credit Rating Migration Risk and Business Cycles pp. 229-263

Fei Fei, Ana-Maria Fuertes and Elena Kalotychou

Is there Really No Conglomerate Discount? pp. 264-288

Manuel Ammann, Daniel Hoechle and Markus Schmid

Volume 38, issue 9-10, 2011

Changes in Option-Based Compensation Around the Issuance of SFAS 123R pp. 1053-1095

Lawrence D. Brown and Yen-Jung Lee

The Direct Relevance of Accounting Information for Credit Default Swap Pricing pp. 1096-1122

George Batta

Another Specification of Ohlson's ‘Other Information’ Term for the Earnings/Returns Association: Theory and Some Evidence pp. 1123-1155

Kathryn E. Easterday, Pradyot K. Sen and Jens A. Stephan

Fundamental Analysis, Institutional Investment, and Limits to Arbitrage pp. 1156-1183

Yanfeng Xue and May H. Zhang

Is Management Quality Value Relevant? pp. 1184-1208

Vineet Agarwal, Richard Taffler and Mike Brown

Do Internet Stock Message Boards Influence Trading? Evidence from Heavily Discussed Stocks with No Fundamental News pp. 1209-1237

Sanjiv Sabherwal, Salil K. Sarkar and Ying Zhang

Board Size, Corporate Information Environment and Cost of Capital pp. 1238-1261

Arun Upadhyay and Ram Sriram

Long Term Performance and Choice of SEO Method by UK Firms pp. 1262-1289

John Capstaff and Jonathan Fletcher

An Examination of Dynamic Trading Stategies in UK and US Stock Returns pp. 1290-1310

Jonathan Fletcher

Volume 38, issue 7-8, 2011

Defence Measures and Earnings Management in an Owner Dominant Context pp. 765-793

Carolina Bona-Sánchez, Jerónimo Pérez-Alemán and Domingo J. Santana-Martín

Do State Enterprises Manage Earnings More than Privately Owned Firms? The Case of China pp. 794-812

Liu Wang and Kenneth Yung

The Long-Term Performance and Failure Risk of Firms Cited in the US SEC's Accounting and Auditing Enforcement Releases pp. 813-841

Fei Leng, Ehsan Feroz, Zhiyan Cao and Sergio V. Davalos

Fundamental Information in Technical Trading Strategies pp. 842-860

Ute Bonenkamp, Carsten Homburg and Alexander Kempf

Determinants of Analysts’ Dropped Coverage Decision: The Role of Analyst Incentives, Experience, and Accounting Fundamentals pp. 861-886

John Shon and Susan M. Young

Inefficient Investment and the Diversification Discount: Evidence from Corporate Asset Purchases pp. 887-914

Sheng-Syan Chen and I-Ju Chen

Asset Substitution and Debt Renegotiation pp. 915-944

Christian Flor

Staying Power of UK Buy-Outs pp. 945-986

Ranko Jelic

Board Characteristics and Profit Efficiency in the United Kingdom Life Insurance Industry pp. 987-1015

Philip Hardwick, Mike Adams and Hong Zou

Household Liquidity and Incremental Financing Decisions: Theory and Evidence pp. 1016-1052

Ricardo Cunha, Bart M. Lambrecht and Grzegorz Pawlina

Volume 38, issue 5-6, 2011

Accruals, Disclosure and the Pricing of Future Earnings in the European Market pp. 473-504

Christina Dargenidou, Stuart McLeay and Ivana Raonic

The Abnormal Earnings Growth Model, Two Exogenous Discount Rates, and Taxes pp. 505-535

L. Peter Jennergren and Kenth Skogsvik

Decomposing Executive Stock Option Exercises: Relative Information and Incentives to Manage Earnings pp. 536-573

David Veenman, Allan Hodgson, Bart Van Praag and Wei Zhang

Identifying Consensus Analysts’ Earnings Forecasts that Correctly and Incorrectly Predict an Earnings Increase pp. 574-600

Matthew M. Wieland

Why Do Companies Pay Stock Dividends? The Case of Bonus Distributions in an Inflationary Environment pp. 601-627

Cahit Adaoglu and Meziane Lasfer

Stock Market Driven Acquisitions versus the Q Theory of Takeovers: The UK Evidence pp. 628-656

Xiao Gang Bi and Alan Gregory

Improved Inference in Regression with Overlapping Observations pp. 657-683

Mark Britten-Jones, Anthony Neuberger and Ingmar Nolte

Overconfidence Among Professional Investors: Evidence from Mutual Fund Managers pp. 684-712

Alexander Puetz and Stefan Ruenzi

Risk Aversion with Local Risk Seeking and Stock Returns: Evidence from the UK Market pp. 713-739

Konstantinos Kassimatis

Getting Real with Real Options: A Utility–Based Approach for Finite–Time Investment in Incomplete Markets pp. 740-764

M. R. Grasselli

Volume 38, issue 3-4, 2011

Mandatory IFRS Adoption and Accounting Quality of European Banks pp. 289-333

Gunther Gebhardt and Zoltan Novotny-Farkas

Do Customer Acquisition Cost, Retention and Usage Matter to Firm Performance and Valuation? pp. 334-363

Gilad Livne, Ana Simpson and Eli Talmor

The Joint Effects of Corporate Governance and Regulation on the Disclosure of Manager-Adjusted Non-GAAP Earnings in the US pp. 364-394

Ross Jennings and Ana Marques

The Valuation Differences Between Stock Option and Restricted Stock Grants for US Firms pp. 395-412

James H. Irving, Wayne R. Landsman and Bradley P. Lindsey

VC Board Representation and Performance of US IPOs pp. 413-445

Salim Chahine and Marc Goergen

The Valuation Accuracy of Equity Value Estimates Inferred from Conventional Empirical Implementations of the Abnormal Earnings Growth Model: US Evidence pp. 446-471

Bjørn Jørgensen, Yong Gyu Lee and Yong Keun Yoo

Volume 38, issue 1-2, 2011

Capital Allocation and Timely Accounting Recognition of Economic Losses pp. 1-33

Robert M. Bushman, Joseph D. Piotroski and Abbie J. Smith

The Market's Reaction to Unexpected Earnings Thresholds pp. 34-57

Don Herrmann, Ole-Kristian Hope, Jeff L. Payne and Wayne B. Thomas

The Market Reward for Achieving Analyst Earnings Expectations: Does Managing Expectations or Earnings Matter? pp. 58-94

Vasiliki Athanasakou, Norman C. Strong and Martin Walker

The Market Effects of Breaking a String of Meeting or Beating Analysts’ Expectations: Downward Revision of Future Cash Flows or Increase in Cost of Equity Capital? pp. 95-118

Yuan Xie

The Use of Earnings Forecasts in Stock Recommendations: Are Accurate Analysts More Consistent? pp. 119-144

Andreas Simon and Asher Curtis

The Impact of Uncertainty and Strategy on the Perceived Usefulness of Fixed and Flexible Budgets pp. 145-164

Bo-Göran Ekholm and Jan Wallin

Corporate Governance Quality, Audit Fees and Non-Audit Services Fees pp. 165-197

Mahbub Zaman, Mohammed Hudaib and Roszaini Haniffa

Institutional Dividend Clienteles Under an Imputation Tax System pp. 198-224

Aelee Jun, David Gallagher and Graham H. Partington

Leverage, Debt Maturity and Firm Investment: An Empirical Analysis pp. 225-258

Viet Dang

Financial Frictions, Bank Efficiency and Risk: Evidence from the Eurozone pp. 259-287

Georgios Chortareas, Claudia Girardone and Alexia Ventouri