Review of Accounting and Finance: Volume 12 Issue 2

Goodwill accounting and asymmetric timeliness of earnings

Sohyung Kim, Cheol Lee, Sung Wook Yoon

The purpose of this paper is to investigate how fair value reporting and increased managerial discretion under the new goodwill accounting affect the asymmetric timeliness of…

Customer value disclosure and cost of equity capital

Raf Orens, Walter Aerts, Nadine Lybaert

This paper seeks to examine the association between a firm's extent and precision of customer value disclosure and its implied cost of equity capital. In addition, it aims to…

“6 and 1” option exchanges and stockholder wealth

Atul Gupta

Firms will, at times, replace employee holdings of out‐of‐the‐money stock options with new ones that have lower exercise prices. This paper seeks to examine how stockholders view…

Excess volatility and closed‐end fund discounts

Michael Bleaney, R. Todd Smith

The purpose of this paper is to examine the conditions under which discount risk leads to closed‐end funds trading at a discount.

Momentum profits and idiosyncratic volatility: the Korean evidence

Unyong (Howard) Pyo, Yong Jae Shin

This study aims to focus on the profitability of momentum trading in the Korean stock market. More specifically, it aims to conduct an examination of the relationship between…