Review of Accounting and Finance: Volume 7 Issue 2

Performance measurement for accountability in corporate governance : A data envelopment analysis approach

Ehsan H. Feroz, Sanjay Goel, Raymond L. Raab

The purpose of this paper is to show the applicability of data envelopment analysis (DEA) in arriving at an unbiased account of relative performance in a set of companies, using…

Accounting for derivative instruments and hedging activities (SFAS No. 133): Implications for profitability measures and stock prices

Claire Eckstein, Ariel Markelevich, Alan Reinstein

The purpose of this paper is to examine the impact of firms using derivatives applying Statement of Financial Accounting Standards (SFAS) No. 133. It aims to measure the magnitude…

Market valuation of accrual components

Rick Francis

The purpose of this paper is to generate empirical evidence that facilitates our understanding of the market pricing for cash flows and accruals.

The impacts of employee stock bonus on the value relevance of earnings per share: Evidence from Taiwan

Ching‐Hsiang Lin, Wanncherng Wang

In Taiwan, an employee stock bonus (ESB) was accounted for as an earnings distribution rather than an expense – a remnant of the dominance of tax law over accounting standards. To…

Agency theoretic determinants of debt levels: evidence from Ghana

Joshua Abor

Purpose – The purpose of this study is to examine the relationship between agency factors and the debt level of Ghanaian small and medium enterprises (SMEs)…

Research note: how the financial styles of managers impact financial and valuation metrics

E. Ted Prince

The purpose of this paper is to reveal a new contribution to behavioural finance that focuses on individuals rather than groups.