Academy of Accounting and Financial Studies Journal

A double blind, refereed journal which publishes theoretical and empirical manuscripts in accounting and finance. It's primary objective is to expand the boundaries of the literature by supporting the exchange of ideas and insights which further the understanding of accounting and finance.

Articles from Vol. 15, No. 2, 2011

A Comparative Analysis of Students' Attitudes towards Financial and Corporate Social Reporting among Japan, China and South Korea
ABSTRACTThe objective of this study is to characterize the differences in students ' attitudes towards financial and corporate social responsibility reporting among three East Asian countries: Japan, China and South Korea. The questionnaire concerning...
Analyzing Financial Statements after Converging International Financial Reporting Standards and Us Financial Accounting Standards for Publicly Traded Companies in the USA
ABSTRACTThe most significant event in nearly a century affecting the professions of accounting and financial analysis is the planned adoption of International Financial Reporting Standards (IFRS) scheduled for full implementation on the SEC roadmap by...
Analyzing Trade Performance in Jordan
ABSTRACTJordan is a small open country. In light of the contemporary globalization wave, it is crucial to examine world trade flows with Jordan and evaluate its trade performance.In this paper, sectoral and geographical compositions of Jordan exports...
An Empirical Analysis of Output, Interest and Money: The Case of Jordan
ABSTRACTThis paper investigates the dynamic interactions among money, interest rates, and output (GDP). The Generalized Impulse Response Functions and the Generalized Forecast Error Variance Decomposition are computed in order to investigate interrelationships...
An Institutional Perspective on International Financial Reporting Standards Adoption in Developing Countries
ABSTRACTA set of accounting standards does not develop in a vacuum. Political, economic, and social aspects of the jurisdiction in which a set of standards operates reciprocally influence these standards. The fact that the International Financial Accounting...
Consolidation of Foreign Subsidiaries: Revisiting Sfas 52
ABSTRACTThis study investigates the translation methods used by multinational firms that have subsidiaries in foreign countries. Companies (parent) that have control over other companies (subsidiaries) must consolidate their financial statements with...
Corporate Social and Financial Performance: A Canonical Correlation Analysis
ABSTRACTA major stream of research has resulted from efforts to under stand the relationship between social performance and financial performance that exists for corporations. Can a company do well by doing good? Using canonical correlation, the results...
Earnings Management: The Case of Sudden CEO Death
ABSTRACTThe topic of earnings management has broad appeal in both accounting and finance literature. Many of the existing studies on this topic try to determine if incoming CEOs manage earnings in the initial years of their tenures and an incoming CEO...
How Does Prior Information Affect Analyst Forecast Herding?
ABSTRACTThis research investigates how prior information affects analyst herding. Results indicate the probability of herding among analysts is greater with large information shocks. Evidence also shows that analysts are more likely to herd in their...
International Diversification with Small-Cap Stocks: Mean-Variance Spanning Tests
ABSTRACTWe perform the Huberman-Kandel mean-variance spanning tests on the returns of the small-cap funds from 10 developed countries. The results show that small-cap funds can be spanned by MICI country indices, implying that additional benefits from...
Intraday Study of the Market Reaction to Distributed Denial of Service (Dos) Attacks on Internet Firms
ABSTRACTThis study investigates the market reaction to distributed denial of service (DoS) attacks on internet firms and the information transfer affecting the market value of non-attacked internet and internet security firms. We use the portfolio approach...
Introduction of the Monitoring Model for Corporate Governance in Japan
ABSTRACTAs for the legal form, the monitoring model for corporate governance was introduced, but not mandated, in the Japanese Commercial Code by the amendment of the Act on Special Measures for the Commercial Code on Audit, etc. of Stock Company in...
Letter from the Special Editors
Hafa adai from Guam, U.S.A.!It is with great pleasure that we welcome you to this Special Issue of the Academy of Accounting and Financial Studies Journal (AAFSJ), an official journal of the Academy of Accounting and Financial Studies, an affiliate of...
Margin Debt Balance vs. Stock Market Movements and Expected GDP Growth
ABSTRACTChanges in margin debt balance at both the New York Stock Exchange and the NASDAQ stock market follow the movements of major stock indexes and expected GDP grow th. This indicates that margin debt borrowers increase positions in their margin...
The Virtuous Cycles between Environmental Innovations and Financial Performance: Case Study of Japanese Automotive and Electronics Companies
ABSTRACTThe Japanese automotive and electronics industries are significant to the issue of environmental sustainability considering its impact on global production, trade and product use. Following literature on the links between corporate social performance...
Understanding the Relationship of Domestic and International Factors with Stock Prices in India: An Application of Arch
ABSTRACTThe present study attempts to identify the determinants of stock price level in India, an emerging market in the world. A multiple regression model is formulated for that purpose taking care of the time series properties of the variables. SENSEX,...