Review of Accounting and Finance: Volume 17 Issue 1

Voluntary disclosures and market response to earnings announcements

Guy Dinesh Fernando, Justin Giboney, Richard A. Schneible

The aim of this paper is to investigate the impact of voluntary disclosure on information asymmetry between investors and the average information content of subsequent the…

Are earnings strings restrained after SOX?

Mark Kohlbeck, Jomo Sankara, Errol G. Stewart

This paper aims to examine whether external monitors (auditors and analysts) constrain earnings strings, an indicator of earnings management, and whether this monitoring is more…

Determinants of divestiture methods for US firms: asset sell-off versus equity carve-out

Dung Pham, Thanh Nguyen, Hari Adhikari

The purpose of this paper is to examine two different choices of corporate divestiture for US firms: selling off assets to public firms or issuing stocks in equity carve-outs. The…

The long-run performance of US firms pursuing IPOs in foreign markets

Robert Killins, Peter V. Egly

The purpose of this paper is to investigate the long-run performance of a unique set of US domiciled firms that have bypassed the US capital markets in pursuit of their initial…

R&D investment decisions of IPO firms and long-term future performance

Tatiana Fedyk, Natalya Khimich

The purpose of this paper is to link valuation of different accounting items to research and development (R&D) investment decisions and investigate how suboptimal R&D choices…

Auditors’ assessment of the capital market liability of foreignness

Deborah Drummond Smith, Kimberly C. Gleason, Joan Wiggenhorn, Yezen H. Kannan

This paper aims to apply the Capital Market Liability of Foreignness (CMLOF) framework to the audit fees of a sample of foreign firms listed on US exchanges to examine whether…

The effectiveness of risk disclosure practices in the European insurance industry

Irma Malafronte, Maria Grazia Starita, John Pereira

This paper aims to examine whether risk disclosure practices affect stock return volatility and company value in the European insurance industry.