Review of Accounting and Finance: Volume 19 Issue 3

Does analyst forecast dispersion represent investors’ perceived uncertainty toward earnings?

Jundong (Jeff) Wang

This paper aims to investigate the association between analyst forecast dispersion and investors’ perceived uncertainty toward earnings.

Audit firm tenure and perceived audit quality: evidence from CEO incentive contracts

Henri Akono

This paper aims to examine how compensation committees perceive audit quality as indicated by audit firm tenure. Using the contracting weight attached to earnings and cash flows…

Are leases substitutes or complements to debt? Insights from an analysis of debt covenants

Daniel Gyung Paik, Joyce Van Der Laan Smith, Brandon Byunghwan Lee, Sung Wook Yoon

The purpose of this study is to investigate the relationship between off-balance-sheet (OBS) operating leases and long-term debt by analyzing firms’ debt risk profiles measured by…

Annual report readability and trade credit

Hongkang Xu, Trung H. Pham, Mai Dao

The purpose of this study is to examine the influence of the readability of annual reports on firms’ ability to obtain trade credit from suppliers. Particularly, the authors…

Firm location and systematic risk: the real estate channel

Xiang Gao, John Topuz

This paper aims to investigate whether the cyclicality of local real estate prices affects the systematic risk of local firms using a geography-based measure of land availability…

Optimal currency hedge and the carry trade

Fabio Filipozzi, Kersti Harkmann

This paper aims to investigate the efficiency of different hedging strategies for an investor holding a portfolio of foreign currency bonds.