Journal of Business Finance & Accounting

Cover image for Vol. 42 Issue 5-6

Edited By: Peter F. Pope, Andrew Stark and Martin Walker

Impact Factor: 0.914

ISI Journal Citation Reports © Ranking: 2014: 46/88 (Business Finance)

Online ISSN: 1468-5957

Virtual Issues

International Financial Reporting

Published: 05 June 2014

Edited by: Peter Pope, Andrew Stark, and Martin Walker

Measuring Country Differences in Enforcement of Accounting Standards: An Audit and Enforcement Proxy
Philip Brown, John Preiato and Ann Tarca

Fair Value-related Information in Analysts’ Decision Processes: Evidence from the Financial Crisis
Jannis Bischof, Holger Daske and Christoph Sextroh

Mandatory IFRS Adoption and Accounting Quality of European Banks
G¨unther Gebhardt and Zoltan Novotny-Farkas

Relevance of Differences between Net Income based on IFRS and Domestic Standards for European Firms
Mary E. Barth, Wayne R. Landsman, Danqing Young and Zili Zhuang

Institutional Investors’ Reaction to SEC Concerns about IFRS and US GAAP Reporting
Miles B. Gietzmann and Helena Isidro

Has the IASB Been Successful in Making Accounting Earnings More Useful for Prediction and Valuation? UK Evidence
Young-Soo Choi, Ken Peasnell and Joao Toniato

Economic Benefits of Adopting IFRS or US-GAAP – Have the Expected Cost of Equity Capital Really Decreased?
Holger Daske

Asset Liquidity and Stock Liquidity: International Evidence
Charlie Charoenwong, Beng Soon Chong and Yung Chiang Yang

Initial Public Offerings

Published: 14 December 2012

Edited by: Peter F. Pope, Andrew Stark, Martin Walker

Introduction: JBFA uses virtual issues to highlight the contribution of the journal to the international literature on corporate finance, corporate governance, and accounting research. This virtual issue showcases recent research in the journal on IPOs and related subjects. Wagner (2010) examines the theoretical issues around whether to go public and how much of the ownership to divest. In a paper on UK buy-outs, Jelic (2011) presents new evidence on what types of buy-out firms go public. De Jong et al (2012) highlight the role of the product market in the decision to go public. Dolvin et al (2008) study the impact of IPO underpricing on pre-existing shareholders. Deloof et al (2009) describe the valuation methods used to price IPOs. Demers et al (2010) show how accounting information could have been used to predict the failure of IPOs issued during the internet bubble. Yu and Zheng (2012) show that Hong Kong IPO firms exploit IPO underpricing to retain greater family control. Jain and Kini (2008) highlight the impact of various managerial investment decisions on the subsequent performance and survival of newly public firms. Using a comprehensive sample of UK IPOs, Gregory et al (2010) contribute new evidence on long run IPO underperformance. Chahine and Goergen (2011) present new evidence on the links between venture capital board representation and IPO stock market performance for US IPOs. Hsu et al (2012) investigate whether the activities and disclosures of mergers and acquisitions preceding initial public offerings (IPOs) are associated with issuers’ issuance costs and long-run performance. Finally, Espenlaub et al (2012) study the survivorship properties of IPOs in the UK AIM market.

Peter F. Pope, Andrew Stark, Martin Walker

Editors, Journal of Business Finance & Accounting

Divestment, Entrepreneurial Incentives, and the Life Cycle of the Firm
Wolf Wagner

Staying power of UK Buy-Outs
Ranko Jelic

Why do firms go public? The role of the product market
Abe de Jong, Carel A. Huijgen, Teye A. Marra, Peter Roosenboom

Underpricing, Overhang, and the Cost of Going Public to Preexisting Shareholders
Steven D. Dolvin, Bradford D. Jordan

How Do Investment Banks Value Initial Public Offerings (IPOs)?
Marc Deloof, Wouter De Maeseneire, Koen Inghelbrecht

The Relevance of Accounting Information in a Stock Market Bubble: Evidence from Internet IPOs
Nilabhra Bhattacharya, Elizabeth Demers, Philip Joos

IPO Underpricing to Retain Family Control under Concentrated Ownership: Evidence from Hong Kong
Xin Yu, Ying Zheng

The Impact of Strategic Investment Choices on Post-Issue Operating Performance and Survival of U.S. IPO Firms
Bharat A. Jain, Omesh Kini

UK IPOs: Long Run Returns, Behavioural Timing and Pseudo Timing
Alan Gregory, Cherif Guermat, Fawaz Al-Shawawreh

VC Board Representation and Performance of US IPOs
Salim Chahine, Marc Goergen

Pre-IPO Acquirers' Issuance Cost and Long-run Performance: Do Their M&A Disclosures Matter
Junming Hsu, Weiju Young, Hsin-Yi Wang

IPO Survival in a Reputational Market
Susanne Espenlaub, Arif Khurshed, Abdulkadir Mohamed