Review of Accounting and Finance: Volume 3 Issue 2

The Information Content of Stock Prices and Earnings of Non‐U.S. Firms: A Simultaneous Equations Approach

Pervaiz Alam, Anibal Báez‐Díaz

This study uses a simultaneous equations approach to examine the price‐earnings relationship of non‐U.S. firms that directly list their securities in U.S. capital markets or trade…

Style Migration and Industry Evolution

Hsiu‐Lang Chen

This paper investigates whether style migration affects industry evolution. The study documents industry evolution in terms of market weights, returns, and risks over the sample…

Long‐Term Effects Following Voluntary Move From American Stock Exchange to Nasdaq

Kam C. Chan, Annie Wong

This study examines the effects of exchange listing change on firms that voluntarily switched from American Stock Exchange to Nasdaq. Prior studies find increased bid‐ask spreads…

Italian Accounting Research in the First Half of the 20th Century

Giuseppe Galassi, Richard Mattessich

The paper offers a survey of major Italian accounting scholars and their work for the period from 1900 to 1950. Apart from the late works of Rossi and Besta, the main focus is on…

Linear Versus Non‐linear Relationships Between Financial Ratios and Stock Returns: Empirical Evidence from Egyptian Firms

Mohammed Omran, Ayman Ragab

Even though most previous research studies suggest that the relationship between common financial ratios and stock returns is linear, recent studies by Mramor and Mramor‐Kosta…