These articles have been peer-reviewed and accepted for publication but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.
Forthcoming articles must be purchased for the purposes of research, teaching and private study only. These articles can be cited using the expression "in press". For example: Smith, J. (in press). Article Title. Journal Title.
Articles marked with this shopping trolley icon are available for purchase - click on the icon to send an email request to purchase.
International Journal of Accounting and Finance (4 papers in press)
IFRS adoption and cost of capital: moderating effects of growth opportunities and informational environment
by Hela Turki, Senda Wali, Younes Boujelbene Abstract: The present paper is primarily designed to investigate the relationship binding the IFRS mandatory adoption and the corporate capital cost. Additionally, it is focused on assessing this relationship associated growth opportunities, along with an evaluating of the informational environment moderating role. This study is focused on the French context through implementation of longitudinal data. The study sample involves entirely companies belonging to the CAC All Tradable index, observed over the period between 2002 and 2012. The results appear to reveal that the IFRS mandatory adoption proves to help greatly in reducing the French listed firms' capital cost. Actually, no evidence has been discovered to prevail as the informational environment moderating effect on the relationship binding the IFRS adoption and capital cost. Conversely, there is some evidence of the interaction between the companies' growth opportunities and IFRS adoption highlighting cost reduction.
Keywords: IFRS; information asymmetry; cost of capital; informational environment; growth opportunities.
The role of independent directors, bank loan and institutional holding on discretionary accruals: some evidence from India by Somnath Banerjee, Satyajit Dhar, Anirban Dutta Abstract: Earnings management encompasses the methods and techniques of inflating or deflating reported income to serve some inappropriate objective of the management or the managers of firms. We wanted to examine whether bank loan and institutional holding and proportion of independent directors in the Board have any influence on earnings management in India. We have collected data of 246 firm years of industry representative firms and have computed discretionary accruals for them using the Jones model and then computed statistical correlation of discretionary accruals with bank loan and institutional holding and the proportion of independent directors in the Board. As we expected, we have found negative correlation of discretionary accruals with bank loan and institutional ownership and independent directors. We have finally shown a regression to establish this. Keywords: earnings management; discretionary accruals; bank loan; institutional holding; independent director.
Investigating the determinants of foreign direct investments in developed countries by Musa Essayyad, Banamber Mishra, Stephen Caples, Omar Al-Titi Abstract: This paper employs a more robust econometric methodology to investigate the foreign direct investment phenomenon, expand the data horizon from 2004-2013 to 1996-2016, and generate more solid research outcomes on the determinants of foreign direct investments in 32 developed countries. Specifically, this paper uses both static and dynamic estimation models to investigate the determinants of foreign direct investments in developed countries. Keywords: foreign direct investment; panel data; static panel estimation models; dynamic panel estimation models; pooled OLS estimation.
Multiple market asset trading during information arrival: American depository receipts and equity share market response to firm disclosures by Michael Senteney, David Senteney Abstract: The purpose of this study is to employ zero-investment approaches in order to jointly investigate the usefulness of non-US firms' earnings releases and subsequent SEC Form 20-F disclosures in both the US ADR and Home Country equity share markets. Results suggest that both markets exhibit abnormal returns associated with the earnings and SEC Form 20-F disclosure dates, but the response to the 20-F filing is less pronounced than the earnings release. Furthermore, we find indications that the equity share market response exceeds the US ADR market response for both the earnings release and the 20-F disclosure, suggesting that US ADR listing may provide new information to equity market investors and improve the price discovery process for Home Country equity shares. Keywords: American depositary receipts; earnings; SEC Form 20-F disclosures; US Securities and Exchange Commission; firm disclosures; multi-market trading; cross-listing; price discovery.