Abacus

Cover image for Vol. 50 Issue 1

Edited By: Stewart Jones

Impact Factor: 0.85

ISI Journal Citation Reports © Ranking: 2012: 46/89 (Business Finance)

Online ISSN: 1467-6281

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$10,000 Annual Manuscript Award

Submit your paper today

On 14–15 May 2014, Abacus will host a conference on 'Accounting in China' at the Chengdu Yufu Hot Springs Hotel in Chengdu, China. Submissions are now being accepted for the Conference.

The aim of the Conference is to aid the development of papers. A subset of papers presented in the Conference will be invited for consideration of publication in a subsequent Abacus Special Issue. Acceptance to the conference does not guarantee acceptance into the Special Issue. Likewise, Conference attendance is not required for inclusion in the Special Issue.

Full information regarding submissions to the Conference can be found here.

Abacus best paper prize

The owner of Abacus, the Accounting Foundation, funds a US$10,000 Annual Manuscript Award for the best article published in each calendar year. The Award aims to reinforce the Journal's continuing decision-useful focus explicit in its objectives, which have stemmed from the vision of the founder of Abacus, Ray Chambers.

Latest winners

The most recent winners of the Award are Helen M. Roybark, Edward N. Coffman and Gary J. Previts for their article The First Quarter Century of the GASB (1984–2009): A Perspective on Standard Setting (Part Two) and Ian Davidson, Qian Guo, Xiaojing Song and Mark Tippett for their article Constructing Asset Pricing Models With Specific Factor Loadings.

The next Award will be presented at the AAA conference in August 2014.

You can also read previous winning articles.

Abacus special issue

Only when we openly discuss what is inadequate or questionable with our own theories can we lay claim to scientific ‘objectivity’. The papers published in this issue contain the unedited positions on the CAPM of well-known finance researchers as reactions to the main paper of Dempsey, who adopts a critical and therefore provocative standpoint. It is the editor’s belief that the free and frank academic discussion provoked by Dempsey’s paper is not only essential to a mature field but is also of great academic and communal enjoyment.

Editorial

The CAPM Debate and the Logic and Philosophy of Finance
D. J. Johnstone

Original article

The Capital Asset Pricing Model (CAPM): The History of a Failed Revolutionary Idea in Finance?
Mike Dempsey

Discussions

β
Karen Benson and Robert Faff

The Capital Asset Pricing Model: A Revolutionary Idea in Finance!
Hendrick Berkman

The Failure of the Capital Asset Pricing Model (CAPM): An Update and Discussion
Graham Bornholt

The CAPM: Theoretical Validity, Empirical Intractability and Practical Applications
Philip Brown and Terry Walter

Consequences of the Capital Asset Pricing Model (CAPM)—a Critical and Broad Perspective
Charlie X. Cai, Iain Clacher and Kevin Keasey

The Capital Asset Pricing Model (CAPM): The History of a Failed Revolutionary Idea in Finance? Comments and Extensions
Imad A. Moosa

Death Where is Thy Sting? A Response to Dempsey’s Despatching of the CAPM
Graham Partington

Why the CAPM is Half-Right and Everything Else is Wrong
Tom Smith and Kathleen Walsh

Comments and Perspectives on ‘The Capital Asset Pricing Model’
Avanidhar Subrahmanyam

The CAPM: A Case of Elegance is for Tailors?
Mike Dempsey

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About the journal

For nearly 50 years Abacus has consistently provided a vehicle for the expression of independent and critical thought on matters of current academic and professional interest in accounting, finance and business. The ISI-listed journal reports current research; critically evaluates current developments in theory and practice; analyses the effects of the regulatory framework of accounting, finance and business; and explores alternatives to, and explanations of, past and current practices.

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