Advances in Quantitative Analysis of Finance and Accounting Vol.16

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 corporate finance, investment, and auditing.
In this volume there are eleven chapters, five of them are corporate finance papers:
1. Corporate Governance and Firm Performance in Hong Kong, 3. Impact of Corporate Social
Responsibility Activities on Analysts’ Behavior, 4. Identifying Key Factors in Accounting-Based
Models of Credit Risk Based on a Predictive Model Averaging Approach, 10. Understanding
Loan Loss Reserves under IFRS 9: A Simulation-Based Approach, and 11. Explaining the
Choice of Whether to Use Relative Performance Evaluation in Executive Compensation Plans.
Three of the other six chapters cover investment: 6. Diversification Strategy and
Earnings Informativeness for Security Valuation, 8. What Explains the Commonly Observed
Ex-Dividend Day Price Behavior of Stocks?, and 9. Do Share Repurchases Impact Analysts’
Activity and Informativeness?
The remaining three chapters cover auditing: 2. Uncertainty of Client Importance
and Information Asymmetry, 5. Auditor Industry Specialization and Client Cash
Holdings: An Information Asymmetry Perspective, and 7. Auditor Industry Specialization
and Decision Usefulness of Financial Reports in an Emerging Market.