Guest editorial

Citation

Liu, M.(C). (2014), "Guest editorial", International Journal of Accounting & Information Management, Vol. 22 No. 3. https://doi.org/10.1108/IJAIM-06-2014-0041

Guest editorial

Article Type: Guest editorial From: International Journal of Accounting & Information Management, Volume 22, Issue 3

Welcome to this special edition of the International Journal of Accounting and Information Management dedicated to the memory of the late Editor, Professor Lee J. Yao. I would like to thank the authors in this special issue for their contribution to a better understanding of performance assessment and market anomalies like insider trading and stock market bubbles.

The paper by Zhong et al. examines the impact of female board membership on the profitability of corporate insider purchases. Through a classic event study approach, the authors find that with more females sitting on the board, the profitability of the male directors from insider trading decreases – but the profitability of their female counterparts does not.

The paper by Bose and Luo develops a conceptual framework to capture non-IT-related and IT-related security investment factors to provide a better understanding of the effects of security investments on firm performance. It proposes a hybrid financial measure to assess firm performance.

The paper by Liu et al. assesses the association between balanced scorecard (BSC) usage and firm performance among Singaporean manufacturing firms. The results show that firms are more likely to adopt BSC if they are large in size, have products at an early product life cycle stage, operate in highly uncertain environments or adopt differentiation strategies. However, the adoption of BSC improves performance only in firms that are large or have products at an early product life cycle. The results suggest that contingent factors in which a firm operates can exert significant effects on the results of adopting BSC.

The paper by Nartea and Cheema re-examines the presence of rational speculative bubbles in the Malaysian stock market in light of contradictory results presented in previous studies.

The paper by Hao et al. explores how networks of boards of directors affect the usage of relative performance evaluation (RPE) in chief executive officer (CEO) compensation. They find that interlock directorate is positively associated with RPE usage in CEO compensation, indicating that information transmission along the board interlock network facilitates the adoption of RPE.

International Journal of Accounting and Information Management mourns the loss of Dr Lee J. Yao, the former Editor. He was a world-renowned expert in interdisciplinary research on Forensic Accounting, Finance and Information Systems. He published widely on issues in these areas. His papers have appeared in leading journals such as Accounting and Finance, Electronic Markets, Issues in Accounting Education, International Journal of Accounting and Information Management, Journal of Accounting, Auditing and Finance, Journal of Business Research and Journal of Accounting and Public Policy among others. He was elected to the Vice President of the Accounting Program Leadership Group and to the Membership of the International Financial Reporting Standards and Forensic Accounting committee of the American Accounting Association. He was appointed the Editor of the International Journal of Accounting and Information Management, published by the Emerald Group between 2007 and 2012. International Journal of Accounting and Information Management has gone from strength to strength under his leadership.

Maggie (Chunhui) Liu