Special issue on Financial regulation: market and valuation impacts
Article Type: 1st Call for papers From: Pacific Accounting Review, Volume 21, Issue 3
Guest Editors: Associate Professor Hamish Anderson, Massey University, New Zealand and Associate Professor Ben Marshall, Massey University,New Zealand
The Pacific Accounting Review is an international, refereed journal for accounting and finance academics, practitioners and students. The first criterion for accepting papers will be that of academic quality. The other main criteria on which submissions will be assessed are technical correctness and originality. Papers based on research outside the Pacific area will also be considered. First issued in 1998, the journal was published twice yearly until 2007 when it became part of the Emerald journal stable. Since that date a third special issue is planned per year including this special issue on financial regulation planned for 2011.
Changes to laws and regulations can have significant impact on investors and the markets in which they operate. For example, financial regulation is typically introduced to improve investor confidence and protect the interests of minority investors. However, regulation that is too strict can stifle value-creating transactions such as takeovers, which is to the detriment of all shareholders. The recent global financial crisis gives examples of the damage that can occur if effective regulation is not in place and/or rigorously enforced, but in many cases it is not clear what form of regulatory response to this event is appropriate. Therefore the effectiveness of different pieces of financial regulation is a hotly contested topic.
For the purposes of this special issue, ``financial regulation'' could include (but is not restricted to) changes in taxation, takeover or company law,regulatory responses to the global financial crisis, stock exchange listing rules and accounting standards, and regulation of financial advisers and institutions.
We welcome papers that consider the benefits and costs of regulation including:
The short- and long-run shareholder impact of changes in regulation
The aggregate equity market reaction to and performance after regulation changes
Policy responses to the global financial crisis, and their effectiveness
Impact on firm financial performance and stability
The role of regulation in promoting savings and investment
The regulation of financial institutions.
Papers will be double blind refereed.
Submission deadlines
Final submission date 30 September 2010Publication expected in 2011
Submissions to
Ben MarshallE-mail: B.Marshall@Massey.ac.nz
For more information, please refer to journal webpage www.emeraldinsight.com/par.htm
