Advances in Quantitative Analysis of Finance and Accounting Vol.11

Advances in Quantitative Analysis of Finance and Accounting (New Series) is an annual publication designed to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and the accounting profession.
The papers in this volume cover a wide range of topics including financial accounting, corporate finance, and investment analysis.
In this volume there are eleven chapters, four of them are financial accounting papers: 2. The Impact of Levels versus Change in Earnings in the Estimation of Conditional Conservatism and the Earnings-Returns Anomaly, 4. Evidence of Earnings Management and Managers’ Choice of Actuarial Assumptions for Accounting of Retiree Health Care Costs, 7. Drift or Jump: What Drives Post-Earnings Announcement Stock Returns?, and 9. Legal Consequences of Earnings Components Management.
Five of the other seven chapters cover corporate finance: 1. Stock Buyback Programs and Stock Option Plans: A Framework, 3. Optimal Capital Structure Model under the CEV Process, 5. Mandatory Pension Contributions and Firm Risk, 6. Cost of Equity Capital, Information Asymmetry, and Segment Disclosure, and 11. Board Meeting Frequency and Management Forecast Behavior.
The remaining two chapters cover investment analysis. These two papers are: 8. Mutual Fund Performance Measurement with Nonlinear Stochastic Discount Factors and 10. Flexible Multivariate GARCH Modeling for Heteroskedastic Asset Returns with an Asymmetric and Leptokurtic Distribution.