Accounting & Finance

Cover image for Vol. 56 Issue 2

Edited By: Tom Smith

Impact Factor: 0.927

ISI Journal Citation Reports © Ranking: 2015: 49/94 (Business Finance)

Online ISSN: 1467-629X

Author Guidelines


Thank you for your interest in Accounting & Finance. Please read the complete Author Guidelines carefully prior to submission, including the section on copyright and submission charges. To ensure fast peer review and publication, manuscripts that do not adhere to the following instructions will be returned to the corresponding author for technical revision before undergoing peer review.

Note that submission implies that the content has not been published or submitted for publication elsewhere except as a brief abstract in the proceedings of a scientific meeting or symposium.

Once you have prepared your submission in accordance with the Guidelines, manuscripts should be submitted online at


Aims and Scope

Accounting & Finance enjoys an excellent reputation as an academic journal that publishes articles addressing significant research questions from a broad range of perspectives. The journal:
• publishes significant contributions to the accounting, finance, business information systems and related disciplines
• develops, tests, or advances accounting, finance and information systems theory, research and practice
• publishes theoretical, empirical and experimental papers that significantly contribute to the disciplines of accounting and finance
• publishes articles using a wide range of research methods including statistical analysis, analytical work, case studies, field research and historical analysis
• applies economic, organizational and other theories to accounting and finance phenomena and publishes occasional special issues on themes such as on research methods in management accounting.

Accounting & Finance is essential reading for academics, graduate students and all those interested in research in accounting and finance. The journal is also widely read by practitioners in accounting, corporate finance, investments, and merchant and investment banking.

Peer Review Policy

Those submitting papers to the journal must accept responsibility for preparing papers to a level suitable for review. This preparation should include subjecting the paper to critique by colleagues and others by “workshopping” and revising the paper prior to submission. Manuscripts should be written in a clear, concise, direct style.

The acceptance criteria for all papers are the quality of the research, the significance of its contribution to the literature, the quality of analysis, relevance to our readership and the clarity of presentation as judged by the Editor-in-Chief, considering but not bound by the advice of referees and associate editors. Papers will only be sent to review if the Editor-in-Chief determines that the paper meets the appropriate quality and relevance requirements. Manuscripts sent to review will be reviewed by at least two people. This will include one peer reviewer using a double-blind system, and either a second blinded reviewer or an Editor/Editor-in-Chief. Final acceptance or rejection rests with the Editor-in-Chief, who reserves the right to refuse any material for publication. The journal has a policy in place for dealing with author appeals.

Where contributions are judged as acceptable for publication, the editor and the publisher reserve the right to modify typescripts to eliminate ambiguity and repetition and improve communication between author and reader.

Data storage and documentation
Analyses published in Accounting & Finance are expected to be replicable by other scholars. To this end, authors are expected to document their data sources, models, and estimation procedures as thoroughly as possible, and if the data is not from publicly available sources to make the data used available to others for replication purposes. Our policy is to encourage authors to submit major databases (if the data is not publicly available) and code used to conduct the data analyses in their paper. Please read the Data and Code Availability Policy. When submitting your paper, follow the instructions on ScholarOne to upload these files. If an exception to this rule is desired, for example due to confidentiality of data, this should be noted in the article, and the reasons for seeking an exception should be explicitly noted in the cover letter at time of submission.


• For papers where at least one co-author is a current paid-up member of the Accounting and Finance Association of Australia and New Zealand (AFAANZ), there is no submission fee. In these cases the cover letter to the editor should clearly state the AFAANZ membership number.

• For papers where none of the co-authors are current paid-up members of AFAANZ the submission fee is A$132 (this amount includes 10% GST), and if submitting from overseas the fee is A$120 (note that this fee entitles the submitting author to a one-year membership of AFAANZ). Please click on this link to join. Please pay by MasterCard or Visa. Payment can also be made via cheque to the 'Accounting and Finance Association of Australia and New Zealand', but you will have to register online and click the payment option “Pay by Cheque” and complete your registration.

• The submission cheque (overseas contributors to send bank draft in Australian currency) together with a photocopy of the submission letter sent to the Editor, should be posted directly to: Cheryl Umoh, Executive Director, AFAANZ, Level 1, 156 Bouverie Street, Carlton, Victoria 3053, Australia.


Maximising your paper's chance of acceptance

For advice on maximising your paper's chance of acceptance, authors are encouraged to refer to Associate Editor Michael E. Bradbury’s paper ‘Why you don't get published: an editor's view’. The article in full is available at, and the submission checklist can be viewed here.

Optimising Your Article for Search Engines

Many students and researchers looking for information online will use search engines such as Google, Yahoo or similar. By optimising your article for search engines, you will increase the chance of someone finding it. This in turn will make it more likely to be viewed and/or cited in another work. We have compiled these guidelines to enable you to maximise the web-friendliness of the most public part of your article.

Editorial Pre-submission English language editing

Authors for whom English is a second language may choose to have their manuscript professionally edited before submission to improve the English. A list of independent suppliers of editing services can be found at All services are paid for and arranged by the author, and use of one of these services does not guarantee acceptance or preference for publication.


1. Word length is a maximum of 8,000 excluding tables and appendices.

2. The manuscript should be submitted in separate files: title page; main text file; figures.

3. Title page. The title page should contain the following information:
(i) a short informative title that contains the major key words. The title should not contain abbreviations;
(ii) the name(s) and institutional affiliation(s) of the author(s). Where there is more than one author the author names are separated by a comma, the word 'and' is not to be used;
(iii) at least one classification code according to the Classification System for Journal Articles as used by the Journal of Economic Literature;
(iv) up to five key words;
(v) a footnote of acknowledgments which should not be included in the consecutive numbering of footnotes.

4. Main text file. As papers are double-blind peer reviewed the main text file should not include any information that might identify the authors. The first page of the main text file should only include the title of the paper and the abstract (of not more than 100 words).

5. Titles and subtitles should be short. An example of these follows.
1. Introduction
2. Theoretical background and hypothesis
3. Empirical tests

3.1 Sample selection
3.2 Measurement of variables
4. Results
4.1 Univariate tests
4.2 Multivariate tests
5. Summary and conclusions

6. Footnotes should be kept to a minimum and numbered consecutively throughout the text with superscript Arabic numerals. They should not include displayed formulae or tables.

7. Displayed formulae should be numbered consecutively throughout the manuscript as (1), (2) etc. against the right-hand margin of the page. Letters used as symbols should be set in italics unless they represent vector quantities. Do not use bold or italics for numerals and abbreviations for math functions (such as In, Σ). Use italics for names of statistical tests (such as t-statistics, t-test, t = 4.68, F-test). Variable labels should be in italics (e.g., EARN, SIZE, MTB). Variable labels should be kept as short as possible.

8. References to publications should be as follows: “Jones (1992) suggests that . . .” or “This problem was noted earlier (see Smith, 1990; Black and Cook, 1990; Brown et al., 1983)” or “There are 128 companies using this accounting method (Green, 1995, p. 38)”.

9. The list of references should appear at the end of the main text (after appendices, but before tables and figures). It should be double-spaced and listed in alphabetical order.

References should appear as follows:


Brailsford, T., J.C. Handley, K. and Maheswaran, 2012, The historical equity risk premium in Australia: post-GFC and 128 years of data, Accounting and Finance 52, 237-247.


Sharpe, W., 2007, Investors and Markets: Portfolio Choices, Asset Prices, and Investment Advice (Princeton University Press, Princeton, NJ).

Contributions to collective works

Moorthy, S., 2003, Liquidity black holes: testing the theory’s predictions, in: Persaud, A., ed., Liquidity Black Holes: Understanding, Quantifying and Managing Financial Liquidity Risk, Vol. I (Haymarket House, London), 21-40.

Working papers

Wilson, M., 2010, Australian analyst earnings forecasts: issues for empirical researchers, Working paper (Research School of Business, Australian National University).

Conference papers

Coulton, J., C. Ruddock, S. and Taylor, 2012, The informativeness of dividends and franking credits, Paper presented at the AFAANZ Annual Conference, Melbourne.

Eectronic material

Accounting Education News, 2009, International Federation of Accountants (IFAC) applauds US administration’s support for global accounting standards in US financial reform proposal. Available at: http// page=newsdetail&id=149669.

10. Tables and figures should be numbered consecutively in the text in Arabic numerals and printed on separate sheets. Tables should be presented in editable .doc format. Figures should be submitted in .eps, .tif or any Microsoft Office application. Advice on preparing figures for preparation can be found via Wiley’s Guidelines for the Preparation of Figures

11. Data should be supplied so that figures can be reproduced using DeltaGraph. If supplied electronically, graphics must be supplied as high resolution (at least 300 d.p.i.) files. Files can be supplied as .eps, .tif or any Microsoft Office application. Digital images supplied only as low-resolution print-outs and/or files cannot be used.

12. The source of financial grants and other funding must be acknowledged, including a frank declaration of the authors’ industrial links and affiliations. The contribution of colleagues or institutions should also be acknowledged.


Manuscripts should be submitted online at

• Manuscripts should be double-spaced, with wide margins. All pages should be numbered consecutively.

• Two word-files need to be included upon submission: A title page file and a main text file that includes all parts of the text in the sequence indicated in the section 'Parts of the manuscript', including tables and figure legends but excluding figures which should be supplied separately.

• Authors may also submit a PDF version to ensure equations appear correctly. If submitting a PDF, please also ensure two files are provided: the title page and the main text file.

• Each figure should be supplied as a separate file, with the figure number incorporated in the file name.

Associate your ScholarOne account with your ORCID iD
ORCID iD is a unique and persistent identifier that distinguishes you from every other researcher and connects you and your research activities. We encourage you to register today for your ORCID iD and then associate it with your ScholarOne account. Click here to find out how.


Accepted papers will be passed to Wiley’s production team for publication. The author identified as the formal corresponding author for the paper will receive an email prompting them to login into Wiley’s Author Services, where via the Wiley Author Licensing Service (WALS) they will be asked to complete an electronic license agreement on behalf of all authors on the paper.

Authors may choose to publish under the terms of the journal’s standard copyright transfer agreement (CTA), or under open access terms made available via Wiley OnlineOpen.

Standard Copyright Transfer Agreement: FAQs about the terms and conditions of the standard CTA in place for the journal, including standard terms regarding archiving of the accepted version of the paper, are available at: Copyright Terms and Conditions FAQs.

Note that in signing the journal’s licence agreement authors agree that consent to reproduce figures from another source has been obtained.

OnlineOpen – Wiley’s Open Access Option: OnlineOpen is available to authors of articles who wish to make their article freely available to all on Wiley Online Library under a Creative Commons license. With OnlineOpen, the author, the author's funding agency, or the author's institution pays a fee to ensure that the article is made open access. Authors of OnlineOpen articles are permitted to post the final, published PDF of their article on their personal website, and in an institutional repository or other free public server immediately after publication. All OnlineOpen articles are treated in the same way as any other article. They go through the journal's standard peer-review process and will be accepted or rejected based on their own merit.

OnlineOpen licenses. Authors choosing OnlineOpen retain copyright in their article and have a choice of publishing under the following Creative Commons License terms: Creative Commons Attribution License (CC BY); Creative Commons Attribution Non-Commercial License (CC BY NC); Creative Commons Attribution Non-Commercial-NoDerivs License (CC BY NC ND). To preview the terms and conditions of these open access agreements please visit the Copyright Terms and Conditions FAQs.

Funder Open Access and Self-Archiving Compliance: Please click here for more information on Wiley’s compliance with specific Funder Open Access and Self Archiving Policies, and click here for more detailed information specifically about Self-Archiving definitions and policies.


Before your accepted article is published online, it goes through Wiley’s production process. Wiley does everything possible to publish your article quickly and to the highest possible standard, as well as taking you through what to expect at each stage of the process.

Accepted article received in production

Your article is received at the publisher for production to begin. You (corresponding authors) receive an email asking you to login or register with Author Services. At this point, navigate to the "Amend My Details" page and choose whether you wish to:

• Publish your article open access with Wiley’s OnlineOpen option
• Transfer the copyright of your article (if you do not publish open access)
• Track the publication status of your article (request to receive an e-mail alert at any, or all of the tracked stages of production)
• Nominate up to ten colleagues to receive a publication alert and free online access to your article (once published).
• Update your article with your ORCID iD.

Your publication checklist:

• Provide accurate proofreading and clearly mark any corrections as soon as possible.
• When prompted, ensure you acknowledge any funding support.
• Choose and arrange payment for open access as required.
• Sign a copyright license.

Copyediting and Typesetting

Wiley copyedit your article for style, grammar and nomenclature. Wiley also typeset your article, to make it look great.

Proofing and corrections

After copyediting and typesetting the article goes back to you. This is your chance to give your article a last look before it is published.
• A link to article proofs is provided via email.
• Accurately proofread your article and clearly mark any corrections online as soon as possible.

Please note that you are responsible for all statements made in your work, including changes made during the editorial process and thus you must check your proofs carefully.

Early View

The journal offers rapid speed to publication via Wiley’s Early View service. Early View (Online Version of Record) articles are published on Wiley Online Library before inclusion in an issue. Note there may be a delay after corrections are received before your article appears online, as Editors also need to review proofs. Once your article is published on Early View no further changes to your article are possible. Your Early View article is fully citable and carries an online publication date and DOI for citations.


Access and sharing

When your article is published online:
• You receive an email alert (if requested).
• You can share your published article through social media.
• As the author, you retain free access (after accepting the Terms & Conditions of use, you can view your article).
• The corresponding author and co-authors can nominate up to ten colleagues to receive a publication alert and free online access to your article.

You can now order print copies of your article (instructions are sent at proofing stage).

Now is the time to start promoting your article. Find out how to do that here.

Measuring the Impact of your Work

Wiley also helps you measure the impact of your research through our specialist partnerships with Kudos and Altmetric.

Author Guidelines updated 1 July 2016