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 corporate finance and debt management, earnings management, equity market, auditing, option pricing theory, and interest rate theory.

In this volume there are eleven chapters, five of them are corporate finance and debt management: 1. Liquidity and Adverse Selection: Evidence from the Five-or-Fewer Rule Change; 2. Changing Business Environment and the Value of Relevance of Accounting Information; 3. Pricing Risky Securities in Hidden Markov-Modulated Poisson Processes; 4. An Empirical Assessment of Alternative Dividend Expectation Models; 5. Quantitative Market Risk Disclosure, Bond Default Risk and The Cost of Debt: Why Value At Risk? There are two of the other six chapters which cover interest rate theory: 1. Positive Interest Rates and Yields: Additional Serious Considerations; 2. Collapse of Dimensionality in the Interest Rate Term Structure.


The remaining four chapters cover financial analysts earnings forecasts, equity market, auditing, and option pricing theory. These four papers are: 1. Investors’Apparent Under-weighting of Financial Analysts’ Earnings Forecasts: The Role of Share Price Scaling and Omitted Risk Factors; 2. Predicting Stock Price by Applying the Residual Income Model and Bayesian Statistics; 3. Intertemporal Associations Between Non-Audit Services and Auditors’Tendency to Allow Discretionary Accruals; 4. Put Option Portfolio Insurance vs. Asset Allocation.


Center for Pacific Basin, Business, Economics, and Finance Research

James S. Ang The Florida State University, U.S.A.
Christopher B. Barry Texas Christian University, U.S.A.
Stephen J. Brown New York University, U.S.A.

Edwin Burmeister Duke University, U.S.A.
Carl R. Chen The University of Dayton, U.S.A.
Ren-Raw Chen Rutgers University, U.S.A.
Son N. Chen National Chengchi University, Taiwan
Cheol S. Eun Georgia Institute of Technology, U.S.A.
Jack C. Francis Baruch College, U.S.A.
Chin-Wen Hsin Yuan-Ze University, Taiwan
Ping Hsiao San Francisco State University, U.S.A.
Dong Cheol Kim Rutgers University, U.S.A.
Stanley J. Kon Smith-Breedan Associate, Inc., U.S.A.
Yun Lin National Taiwan University, Taiwan
Scott C. Linn University of Oklahoma, U.S.A.
William T. Moore University of South Carolina, U.S.A.
R. Richardson Petti University of Houston, U.S.A.
C. W. Sealy University of North Carolina –Charlotte, U.S.A.


  • Preface to Volume 8(第vii頁)
  • List of Contributors(第xi頁)
  • Chapter 1 The Significance of Risk-Adjusted Cash Dividend Policy to Listed versus Delisted Firms in the UK/Tarek Eldomiaty, Ola Attia, Jia Liu, Mohamed Bahaa El Din(第1頁)
  • Chapter 2 Value at Risk Calculation Using Time Series Analysis—A Study Taking Value Based Management as a Basis/Philipp Pohl(第49頁)
  • Chapter 3 Calibration of Multifactor Heston Models to Credit Spreads/Chuan-Hsiang Han, Lei Shi(第83頁)
  • Chapter 4 How Does Tourism Affect Foreign Direct Investments and Spillovers: Evidence of Taiwan/Ho-Chyuan Chen, Jia-Ying Wu(第101頁)
  • Chapter 5 Asymmetric Responses to Cash Flow News: A Comparison of Korean and Taiwan Stock Markets/Li-Kai (Connie) Liao, Che-Chia Chang, Wei Wang, Jiao-Hui Yang(第119頁)
  • Chapter 6 Is Systematic Liquidity Risk Priced in Taiwan Emerging Stock Market?/Shih-Kuo Yeh, Chung-Ying Yeh, Wan-Ru Yang, Kuo-Ming Lu(第139頁)
  • Chapter 7 A Study on the Reserve Structure Predictive Model of China’s Strategic Petroleum Reserve: Analysis from Two Dimensions/Liang-Xiong Huang, Yong-Hui Han, Mei-Ling Chen, Zhong-Qing Zhang, Ke-Ming Peng(第161頁)
  • Chapter 8 The Multi-Period Agency Problem and Resulting Disappearance of Sinking Funds/Hsuan-Chu Lin, Ren-Raw Chen, Michael S. Long(第189頁)
  • Chapter 9 Evaluating the Performance of Sustainability/Pei-Ying Chen, Thomas C. Chiang, Bing-Huei Lin(第221頁)
  • Index(第253頁)
紙本書 NT$ 3200
單本電子書
NT$ 2240

還沒安裝 HyRead 3 嗎?馬上免費安裝~
QR Code