Accounting Research Journal: Volume 20 Issue 1

The Effect of Returns History on the Current Period Relation Between Returns and Unexpected Earnings

Russell Calk, Paul Haensly, Mary Jo Billiot

This study applies a model of systematic belief revision to examine the effect of the relation between current‐period unexpected earnings and prior‐period security returns on the…

Accrual or Cash Flow Anomaly? Evidence from New Zealand

Hardjo Koerniadi, Alireza Tourani‐Rad

This paper investigates the presence of the accrual and the cash flow anomalies in the New Zealand stock market for the period of 1987 to 2003. We observe insignificant evidence…

Assigned Auditors and Market Valuation: Korean Evidence

Seok Woo Jeong, Jinbae Kim, Sungsoo Yoon

In Korea, a regulatory body can assign auditors to firms if they possess certain characteristics that cast doubt on auditor independence or the reliability of accounting…

The Use and Perceived Merit of Customer Accounting in New Zealand

Beverley R. Lord, Yvonne P. Shanahan, Benjamin M. Nolan

As Lindsay (1994, 1995) encourages validation of existing results, this research replicates Guilding and McManus (2002) in a New Zealand (NZ) context. The usage and perceived…

Visual Portfolio Statistics

Tom Arnold, Bonnie Buchanan

This paper develops visual aids for the understanding of two asset portfolio mathematics. Specifically, visual aids are utilized in teaching portfolio variance and correlation…