VOLUNTARY DISCLOSURES AND DISPERSION IN EARNINGS FORECASTS CONDUCTED BY ANALYSTS
Cynthia L. Taylor University of Arkansas at Little Rock Meihua Koo California State Polytechnic University, Pomona ABSTRACT For the past twenty years, accounting regulatory bodies have recommended companies disclose proprietary information that explains their investment potential to investors. Underlying this request for more transparency is the presumption that increased disclosure reduces uncertainty. Using dispersion in […]
REAL ESTATE INVESTMENT TRUSTS: INTEREST RATES, TRADING VOLUME, AND COMPETITIVE ADVANTAGE
Ronald A. Stunda Valdosta State University ABSTRACT This study attempts to associate a comparison between real estate investment trust (REIT) 100 index stocks and S&P 500 index stocks so that it might be determined if a competitive advantage exists by firms in either index with respect to trading volume and/or interest rates. A study period […]
CHINESE COMPANIES’ CURRENT PLANNING PRACTICE
Robert C. Rickards Jing Kong Rolf Ritsert German Police University ABSTRACT Although there are some foundations of internal control management in place in Chinese enterprises, the accounting concept of “controlling” is fuzzy for most Mainland Chinese managers. Due to cultural and historical reasons, controlling in China today still is a relatively weak area both academically […]
FACE-TO-FACE VS COMPUTER-MEDIATED- COMMUNICATION TEAM DECISION PERFORMANCE IN STOCKTRAK INVESTMENT SIMULATIONS
Feng-shun “Leo” Bin Leonard Branson University of Illinois Springfield Fang He Midwest Energy Company ABSTRACT Few studies have explicitly focused on the comparisons between face-to-face (FTF) and computer-mediated communication (CMC) teams in their information-sharing efficiency and decision-making effectiveness based on financial market transaction performance. This interdisciplinary study integrated the fields of information system management, investment […]
AN EXAMINATION OF UNITED STATES CERTIFIED PUBLIC ACCOUNTANTS’ NEED FOR IFRS-RELATED CONTINUING PROFESSIONAL EDUCATION
Adena T. LeJeune Louisiana College ABSTRACT As the accounting profession in the United States prepares for a possible transition to International Financial Reporting Standards, an opportunity exists to examine the concepts of agency theory and the sociology of professions during a time of change. If the accounting profession exerts control over members in the ways […]
IDENTIFICATION OF HOT IPO MARKETS USING A BIVARIATE REGIME SWITCHING MODEL
Ricardo Tovar-Silos Lamar University ABSTRACT This study investigates the behavior of industry-level IPO volume and IPO underpricing in the context of a bivariate Markov regime-switching model. The specification of the model allows to objectively identify and date four regimes: Low Volume-Low Underpricing, High Volume-Low Underpricing, Low Volume-High Underpricing and High Volume-High Underpricing. It is hypothesized […]
AN EMPIRICAL EXAMINATION OF THE COST FFICIENCIES IN THE THRIFTS AND MORTGAGE FINANCE COMPANIES
D. K. Malhotra Raymond Poteau Philadelphia University ABSTRACT This study evaluates cost efficiencies of the U.S. thrift and mortgage finance companies for the period 2007 to 2011. This study shows that total cost, total interest cost, and total non- interest cost increases less than proportionately to increases in assets, which points to economies of scale […]
INTEGRATION OF COUNTRY ISLAMIC INDEXES AND CONVENTIONAL EQUITY INDEXES: A CANONICAL CORRELATION ANALYSIS
Mohamed Albohali Ibrahim Affaneh Robert J. Boldin Indiana University of Pennsylvania ABSTRACT Integration of equity markets around the world have been the subject of many studies for the purpose of identifying the impact of integration level on international portfolio diversification using different statistical methods. This study investigates the integration of eight developed markets: Australia, Canada, […]
RISK MANAGEMENT AND DISCLOSURE AND THEIR IMPACT ON FIRM VALUE: THE CASE OF EGYPT
Mohamed Hassan Abdel-Azim Cairo University, Giza, Egypt Zakia Abdelmoniem International Academy of Engineering and Media Sciences, Egypt ABSTRACT This study investigates the impact of risk management and disclosure on firm value. The study aims at investigating three relationships; the first is the relationship between risk management and firm value. The second is the relationship between […]
BOOK-BUILDING VS OPEN OR AUCTION IPOS: DO FIRM CHARACTERISTICS DRIVE THE CHOICE? AN EMPIRICAL ANALYSIS USING U.S. DATA
Eugenie Ardoin Arturo Rodriguez Melissa V. Melancon University of Louisiana at Monroe ABSTRACT This study explores the factors that impact the decision by large, well-known firms or firms with a high percentage of equity raised in the initial stock issue to choose an auction Initial Public Offering over a book-building offering. The researchers extend previous […]
