Review of Accounting and Finance: Volume 17 Issue 2

The effect of nonrecurring items on goodwill and CEO market-based compensation

Yoshie Saito

This paper aims to analyze the association between goodwill defined as difference between market and book value of equity and reports of nonrecurring items, namely, special items…

Do bondholders receive benefits from bank interventions?

Yili Lian

The purpose of this study is to examine the effect of bank interventions on bond performance in relation to loan covenant violations.

Corporate diversification and accrual and real earnings management: A non-linear relationship

Mohammad Alhadab, Thang Nguyen

This study aims to examine the non-linear relationship between corporate diversification and real and accrual earnings management, using a sample of 5,659 US firm-year…

The motivational heterogeneity of an all-equity capital structure

David Caban

This paper aims to investigate whether all-equity firms are a heterogeneous group as it relates to agency costs when compared to a matched sample of levered firms and to…

How does directors’ remuneration affect SMEs’ performance?

Godfred Adjappong Afrifa, Oluseyi Oluseun Adesina

The purpose of this paper is to empirically explain the relationship between the remuneration levels of a sample of listed small and medium enterprise (SME) directors and firm…

Forecasting stock returns in Saudi Arabia and Malaysia

Abdelmonem Oueslati, Yacine Hammami

This paper aims to investigate the performance of various return forecasting variables and methods in Saudi Arabia and Malaysia. The authors document that market excess returns in…

Financial restructuring and target capital structure: An iterative algorithm for shareholder value maximization

Paweł Mielcarz, Dmytro Osiichuk, Ryszard Owczarkowski

This paper aims to present an iterative algorithm that yields the amount of debt contracting/repayment or equity investment necessary to achieve the target capital structure. The…