Review of Accounting and Finance: Volume 2 Issue 1

Market Effects, Size Contingency and Financial Ratios

William Hopwood, James C. McKeown

This study presents theoretical and empirical analyses to suggest a previously‐unknown size‐related contingency in the relationship between market variables and various…

The impact of firm‐specific attributes on the relevance in earnings and cash‐flows : a nonlinear relationship between stock returns and accounting numbers

Isabelle Martinez

The role of accounting information in setting security prices is one of the most fundamental issues in accounting and finance. The purpose of this study is to extend the research…

The Functional Relationships Among Earnings, Cash Flows and Stock Returns in Korea

Soon Suk Yoon, Gary Miller

This paper investigates the functional relationships between stock returns and two representative performance measures. The two measures are earnings and cash from operations. In…

Expected Long‐Run Return on Equity in a Residual Income Valuation Model

Leonard C. Soffer

I show that the common residual income model assumption that return on equity approaches zero in the long run as competitive advantage dissipates is incorrect. This erroneous…

On the Relationship between Earnings, Cash Flows and Returns: An Australian Postscript to Lev and Zarowin (1999)

Stewart Jones

In a recent US study, Lev and Zarowin (1999) documented a steady decline in the value relevance of financial statements over a twenty year period. They attribute this decline, in…

Corporate Disclosure Quality and Corporate Reputation

Ellen Landgraf, Ahmed Riahi‐Belkaoui

The paper investigates the link between a firm's overall disclosure quality and its corpoate reputation. The results show that the measure of corporate reputation is positively…