Review of Accounting and Finance: Volume 5 Issue 1

The influence of heterogeneous expectations on security prices

Rebecca Abraham, Charles W. Harrington

The purpose of the study was to provide empirical support for the Miller model. The paper proposes the use of the ratio of individual to institutional holdings as a proxy for…

The effect of diversification on firm returns in chemical and oil industries

Diane Li, Jongdae Jin

The purpose of this paper is to investigate the effect of diversification on returns of firms in chemical and oil industries.

Disclosure biases in proxy performance graphs: The influence of performance and compensation committee composition

James W. Bannister, Harry A. Newman

The purpose of this paper is to investigate whether proxy statement performance graph disclosures are influenced by the firm's governance structure and management concerns about…

Stock return autocorrelation and institutional investors: the case of American depository receipt

DeQing Diane Li, Kenneth Yung

Though stock portfolio return autocorrelation is well documented in the literature, its cause is still not clearly understood. Presently, evidence of private information induced…

R&D strategy and stock price volatility in the biotechnology industry

Bixia Xu

Biotech share price is highly volatile, compared to most other industries. There is limited explanation for what causes such a high volatility. The purpose of this study is to…

Innovation accounting analysis on cross‐border mergers and acquisitions between Europe and the USA since the late 1990s

Kofi A. Amoateng

The aim of this research is to find out which mergers and acquisitions (M&A) market is better able to absorb all the shocks from legislations in securities and banking in Europe…

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