Special issue on financial regulation: market and valuation impacts

Citation

(2010), "Special issue on financial regulation: market and valuation impacts", Pacific Accounting Review, Vol. 22 No. 1. https://doi.org/10.1108/par.2010.34222aaa.001

Special issue on financial regulation: market and valuation impacts

Article Type: Editorial From: Pacific Accounting Review, Volume 22, Issue 1

Guest Editors: Associate Professor Hamish Anderson, Massey University, New Zealand and Associate Professor Ben Marshall, Massey University, New Zealand

The Pacific Accounting Review is an international, refereed journal for accounting and finance academics, practitioners and students.The first criterion for accepting papers will be that of academic quality. The other main criteria on which submissions will be assessed are technical correctness and originality. Papers based on research outside the Pacific area will also be considered. First issued in 1998, the journal was published twice yearly until 2007 when it became part of the Emerald journal stable. Since that date a third special issue is planned per year including this special issue on financial regulation planned for 2011.

Changes to laws and regulations can have significant impact on investors and the markets in which they operate. For example, financial regulation is typically introduced to improve investor confidence and protect the interests of minority investors. However, regulation that is too strict can stifle value-creating transactions such as takeovers, which is to the detriment of all shareholders. The recent global financial crisis gives examples of the damage that can occur if effective regulation is not in place and/or rigorously enforced, but in many cases it is not clear what form of regulatory response to this event is appropriate. Therefore the effectiveness of different pieces of financial regulation is a hotly contested topic.

For the purposes of this special issue, ``financial regulation'' could include (but is not restricted to) changes in taxation, takeover or company law, regulatory responses to the global financial crisis, stock exchange listing rules and accounting standards, and regulation of financial advisers and institutions.

We welcome papers that consider the benefits and costs of regulation including:

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  The short- and long-run shareholder impact of changes in regulation

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  The aggregate equity market reaction to and performance after regulation changes

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  Policy responses to the global financial crisis, and their effectiveness

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  Impact on firm financial performance and stability

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  The role of regulation in promoting savings and investment

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  The regulation of financial institutions.

Papers will be double blind refereed.

Submission deadlines

Final submission date 30 September 2010Publication expected in 2011

Submissions to

Ben MarshallE-mail: B.Marshall@Massey.ac.nz

For more information, please refer to journal webpage: www.emeraldinsight.com/par.htm