Managerial Finance


Accounting and Finance

Table Of Contents: Volume 38 Issue 12

The operating leverage impact on systematic risk within a context of choice

Robert E. Houmes, John B. MacArthur, Harriet Stranahan

Strategic cost structure choices determine how firms divide operating costs between fixed and variable components, and therefore have important implications for financial…

Connecting the dots: the accruals quality premium vs the value premium

Doina C. Chichernea, Anthony D. Holder, Jie (Diana) Wei

The purpose of this paper is to investigate the connection between the accrual quality and the growth/value characteristics (and their return premia) at firm level.

Does conditional mutual fund outperformance exist?

Swaminathan G. Badrinath, Stefano Gubellini

Glode provides theoretical and empirical evidence that, in aggregate, funds underperform during economic expansions and outperform during contractions. The authors find…

Relevance, reliability and restricted security fair values: a look at investment trusts

Robert Bricker, Nandini Chandar

The purpose of this study is to assess the pricing effects of financial reporting decision usefulness in terms of its constituent elements of relevance and reliability…

IPO characteristics of index firms

Gonul Colak

The purpose of this paper is to investigate the initial public offerings (IPOs) of the firms that are eventually included in one of the S&P 400, the S&P 500, or the S&P…



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  • Professor Don Johnson