Review of Accounting and Finance: Volume 6 Issue 2

Using the fuzzy‐analytic‐hierarchical‐process to select the optimum mechanism for developing accounting standards

Mohamed E. Bayou, Andre de Korvin, Alan Reinstein

Recent corporate failures such as Enron, WorldCom, Global Crossing and K‐Mart and auditing failures such as Arthur Andersen have sparked great public concern, including the…

Levels of voluntary disclosure in IPO prospectuses: an empirical analysis

Anne Cazavan‐Jeny, Thomas Jeanjean

This paper aims to focus on how forecasts information is disclosed in IPO prospectuses. In France, managers report either detailed forecasts or only a brief summary.

The equity premium puzzle: an artificial neural network approach

Shee Q. Wong, Nik R. Hassan, Ehsan Feroz

In recent years, equity premiums have been unusually large and efforts to forecast them have been largely unsuccessful. This paper presents evidence suggesting that artificial…

Life cycle effect on the value relevance of common risk factors

Bixia Xu

The expected rate of return for individual firms is determined by multiple firm‐specific factors. There is no evidence on how firm life cycle contributes to the determination of…

Accounting for transferring financial assets: Is the financial‐components approach valued by the capital market?

Flora Niu

This study examines the stock market valuation of securitization gains reported by using the financial‐components approach under FAS125 (Accounting for Transfers and Servicing of…

Seasonal affective disorder and the pricing of IPOs

Steven D. Dolvin, Mark K. Pyles

It has been found that stock market returns vary seasonally with the amount of daylight, and they attribute this effect to seasonal affective disorder (SAD), which is a…