Accounting - Research Publications
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ItemThe differential use and effect of knowledge-based system explanations in novice and expert judgment decisions(SOC INFORM MANAGE-MIS RES CENT, 2006-03)
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ItemElectronic commerce investments, the resource-based view of the firm, and firm market value(Elsevier BV, 2005-03-01)
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ItemTop Management Turnover: An Examination of Portfolio Holdings and Fund Performance(SAGE Publications, 2006-01-01)We examine the performance and portfolio characteristics of actively managed equity funds impacted by top management turnover. Utilizing a unique database of monthly portfolio holdings, our study finds that, post-replacement, previously poor performing funds experience improved returns. However, this improved performance is not attributable to superior stock selection skill. We also find these new managers decrease the fund's reliance on momentum strategies and decrease the portfolio's concentration, which then leads to a reduced tracking-error volatility. Prior to the replacement event, underperforming investment managers exhibit preferences for larger, growth-oriented stocks, as well as riding momentum strategies and increasing portfolio turnover.
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ItemQualitative management accounting research: rationale, pitfalls and potential A comment on Vaivio (2008)(EMERALD GROUP PUBLISHING LTD, 2008)Purpose This paper's purpose is to provide a commentary on “Qualitative management accounting research: rationale, pitfalls and potential,” a paper by Juhani Vaivio. Design/methodology/approach The approach is to draw on alternative research paradigms to expand the definition and discussion of qualitative research in management accounting. Findings The paper endorses many of the prescriptions in Vaivio but expands the definition and discussion of qualitative research in management accounting to recognize the blurred boundaries with field research more generally, and to be more inclusive of qualitative field research from a positivist/functionalist perspective. Similarly, the need for qualitative research to challenge textbook, economics and consulting representations of management accounting is acknowledged, but the range of catalysts is expanded to highlight the potential for qualitative research building on both qualitative and quantitative extant research. This paper also seeks to broaden the discussion of legitimate study design characteristics and data collection methods, and to stress the importance of matching research design with research question. Originality/value The paper stresses the value of pluralism and inclusiveness in both methodological and method choices.
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ItemA multi-method approach to building causal performance maps from expert knowledge(Elsevier BV, 2005-06-01)
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ItemSeasonality in fund performance: An examination of the portfolio holdings and trades of investment managers(WILEY, 2006-09-01)Abstract: This study examines the extent to which seasonal variation arises across calendar months in the performance of active Australian equity managers. While it is well documented that there is seasonality in equity market returns, it is unknown whether calendar month variation in managed fund performance exists. Employing a unique database of monthly stock holdings, we find evidence consistent with systematic variation in the risk‐adjusted performance of active investment managers over the calendar year. Specifically, we find fund performance is higher in the months when corporate earnings are announced. We also document that the performance of fund managers is lower in the months preceding the tax year‐end. Finally, we report evidence that investment manager performance is greater than normal in December, possibly due to both window dressing and the Christmas holiday effect. These findings have important implications for investors attempting to exploit anomalies in fund returns by timing their entry and exit points from active equity funds.
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ItemDoing Quantitative Field Research in Management Accounting(Elsevier, 2006-12-01)
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ItemManaging Costs and Cost Structure throughout the Value Chain: Research on Strategic Cost Management(Elsevier Science, 2007)
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ItemAccounting and Control in Health Care: Behavioural, Organisational, Sociological and Critical Perspectives(ELSEVIER SCIENCE BV, 2007)