Review of Accounting and Finance: Volume 14 Issue 2

Information asymmetry around S&P 500 index changes

Rahul Ravi, Youna Hong

– This study aims to explore information asymmetry (IA) (as measured by the adverse selection component of the bid-ask spread) around S&P 500 revisions.

Product market competition and corporate investment decisions

Indrarini Laksmana, Ya-wen Yang

The study aims to examine the association between product market competition and corporate investment decisions on, particularly, risk-taking and investment efficiency. Existing…

Volatility, distress risk, and the cross-section of portfolio returns

Omid Sabbaghi

This paper aims to examine the nexus between the pricing of market-wide volatility risk and distress risk in the cross-section of portfolio returns for the 1990-2011 time period…

Interdependence between Nordic stock markets and financial cooperation

Zhang Dengjun

This study aims to link the financial cooperation in the Nordic region and the interdependence between the stock markets in this area. The main emphasis is placed on the evolution…

Groupcentric budget goals, budget-based incentive contracts, and additive group tasks

Jonathan Farrar, Theresa Libby, Linda Thorne

The purpose of this paper is to examine the effects of three different types of budget goals (egocentric individual, groupcentric individual and group) on group performance of an…