Review of Accounting and Finance: Volume 18 Issue 1

Market-power, stability and risk-taking: an analysis surrounding the riba-free banking

Awatef Louhichi, Salma Louati, Younes Boujelbene

Analysis of the trade-off between competition and financial stability has been at the center of academic and policy debate for over two decades and especially since the 2007-2008…

The effect of the need for subsequent seasoned equity offerings on earnings management motivation

Guannan Wang, Moshe Hagigi

Most prior literature focuses on how managers’ immediate needs affect their current earnings management. The purpose of this paper is to expand this body of literature by…

The impact of downside risk on UK stock returns

Fangzhou Huang

This paper aims to investigate patterns in UK stock returns related to downside risk, with particular focus on stock returns during financial crises.

Large-cap vs small-cap portfolio performance: new empirical evidence from ETFs

Gerasimos Rompotis

A well-documented pattern in the literature concerns the outperformance of small-cap stocks relative to their larger-cap counterparts. This paper aims to address the “small-cap…

Behavioral-related firm characteristics, risks and determinants of stock returns

Wikrom Prombutr, Chanwit Phengpis

This paper aims to investigate a relatively new anomaly of investment growth and revisits well-known anomalies of size and value. It aims to answer two main research questions…

Directors’ trades in UK rights issues: do firms sell overvalued new equity?

Heba Ahmed Abbas Ali

This paper aims to examine the behavioral timing hypothesis in the context of UK rights issues by seeking to establish and investigate inter-relationships between directors’…

Convergence consensus analyst earnings estimates and option pricing in modeling material accounting misstatements

François Aubert, Jeff J. Wang, Gary Grudnitski

The purpose of this paper is to introduce analyst estimates and option pricing-based variables in modeling material accounting misstatements.

The effects of lines of credit on market timing and the underpricing of seasoned equity offerings

Anh Ngo, Oscar Varela, Xie Feixue

This paper aims to examine the effects of lines of credit on a firm’s market timing behavior and the pricing of its seasoned equity offerings (SEOs). It shows that firms with…