Recently added articles from Academy of Accounting and Financial Studies Journal:
FURTHER EVIDENCE ON THE FACTORS AND VALUATION ASSOCIATED WITH THE LEVEL OF ENVIRONMENTAL LIABILITY DISCLOSURES
Sep 01, 2009; ... ABSTRACT We find that the level of environmental GAAP disclosure is associated with profitability, and that this level of environmental GAAP disclosure is relevant to investors. We also find that the effect of profitability on the level of environmental GAAP disclosure, and the effect of ...
ARE NAICS INDUSTRIES MORE HOMOGENEOUS THAN SICS INDUSTRIES?
Sep 01, 2009; ... ABSTRACT This study compares the homogeneity of industry members when classified under the Standard Industry Classification System (SICS) and when classified under the North American Industry Classification System (NAICS). Homogeneity is measured as (1) correlations of operating expense ...
LONG-TERM MARKET REACTIONS TO EARNINGS RESTATEMENTS
Sep 01, 2009; ... ABSTRACT Since the recent accounting scandals ignited by the Enron fiasco, earnings restatements due to accounting irregularities1 have drawn significant attention from the public in both academia and practice. Since accounting irregularities are intentional misrepresentations of ...
TRADING BELL AT THE NASDAQ
Sep 01, 2009; ... ABSTRACT Earlier research has shown that significant media events related to a stock generate investor reactions and hence tend to affect the stock price, usually on a very short-term basis. In this paper, we investigate the information content of the important media event of ringing of ...
A NEW SELECTION STRATEGY FOR PORTFOLIO DIVERSIFICATION IN THE EUROPEAN UNION
Sep 01, 2009; ... ABSTRACT Benefits of portfolio diversification transpire from the motivation of risk minimization and maximization of the expected return. Potential for global portfolio diversification has been recognized by the investors in recent years. A portfolio with the highest level of expected ...