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All Outputs (40)

The impact of analyst sentiment on UK stock recommendations and target prices (2015)
Journal Article
Yukselturk, O., & Tucker, J. (2015). The impact of analyst sentiment on UK stock recommendations and target prices. Accounting and Business Research, 45(6-7), 869-904. https://doi.org/10.1080/00014788.2015.1044496

© 2015 Taylor & Francis. The aim of this paper is to investigate the relationship between narrative sentiment in analysts' company reports and their recommendation and target price outputs. We study an industry-balanced sample of 275 UK quoted comp... Read More about The impact of analyst sentiment on UK stock recommendations and target prices.

Do Italian non-listed firms manage earnings efficiently or opportunistically? (2014)
Presentation / Conference
Matonti, G., Tomasetti, A., & Tucker, J. (2014, April). Do Italian non-listed firms manage earnings efficiently or opportunistically?. Paper presented at 2nd Global Virtual Conference, Slovakia

Earnings management may be efficient or opportunistic depending on the ability of discretionary accruals to communicate information about a firm's future profitability to the public. The existing literature, which focuses mainly on listed firms, prov... Read More about Do Italian non-listed firms manage earnings efficiently or opportunistically?.

Does mandatory adoption of IFRS guarantee compliance? (2013)
Journal Article
Yükseltürk, O., Misirlioǧlu, I. U., Misirlioglu, I. U., Tucker, J., & Yukselturk, O. (2013). Does mandatory adoption of IFRS guarantee compliance?. International Journal of Accounting, 48(3), 327-363. https://doi.org/10.1016/j.intacc.2013.07.002

In this study, we examine whether the mandatory adoption of IFRS by Turkish listed companies in 2005 was successful in practice and what role firm and country level factors played in the adoption. We determine the firm-specific factors that affect th... Read More about Does mandatory adoption of IFRS guarantee compliance?.

Short run reaction to news announcements: UK evidence (2013)
Journal Article
Tucker, J., Guermat, C., & Prasert, S. (2013). Short run reaction to news announcements: UK evidence. Studia Universitatis Babeș-Bolyai Oeconomica, 58(2), 41-71

In this paper we aim to investigate the behaviour of returns around corporate news announcements. The motivation of the paper is that neither the broad classification of news into “good” and “bad” in many previous studies, nor the focus on only one n... Read More about Short run reaction to news announcements: UK evidence.

Rating or no rating? That is the question: An empirical examination of UK companies (2012)
Journal Article
Tucker, J., Gonis, E., & Paul, S. (2012). Rating or no rating? That is the question: An empirical examination of UK companies. European Journal of Finance, 18(8), 709-735. https://doi.org/10.1080/1351847X.2011.649215

The aim of this paper is to examine the main determinants of the rating likelihood of UK companies. We use a binary probit specification to model the main drivers of a firm's propensity to be rated. Using a sample of 245 non-financial UK companies ov... Read More about Rating or no rating? That is the question: An empirical examination of UK companies.

Rating or no rating: That is the question: An empirical examination of UK companies (2012)
Journal Article
Gonis, E., Tucker, J., & Paul, S. (2012). Rating or no rating: That is the question: An empirical examination of UK companies. European Journal of Finance, 18(8), 709-735

The aim of this paper is to examine the main determinants of the rating likelihood of UK companies. We use a binary probit specification to model the main drivers of a firm’s propensity to be rated. Using a sample of 245 non-financial UK companies ov... Read More about Rating or no rating: That is the question: An empirical examination of UK companies.

The use of financial information by capital providers (2012)
Working Paper
Tucker, J., Misirlioglu, I., Gonis, E., & Yukselturk, O. The use of financial information by capital providers

In this brief literature review paper, we explore four areas of the theoretical and empirical literature to discuss the use of financial information by capital providers: (i) Who are capital providers to companies, including all forms of debt, equity... Read More about The use of financial information by capital providers.

Industry membership and capital structure dynamics in the UK (2011)
Journal Article
Tucker, J., & Stoja, E. (2011). Industry membership and capital structure dynamics in the UK. International Review of Financial Analysis, 20(4), 207-214. https://doi.org/10.1016/j.irfa.2011.03.002

We examine the impact of industry membership on the capital structure dynamics of UK quoted firms over the period 1968 to 2006 by analysing how the components of common gearing ratios are adjusted in relation to one another. More specifically, if we... Read More about Industry membership and capital structure dynamics in the UK.

Financial crises: A culture of complacency (2010)
Journal Article
Tucker, J. (2010). Financial crises: A culture of complacency. Journal of Organisational Transformation and Social Change, 7(1), 7-23. https://doi.org/10.1386/jots.7.1.7_1

The aim of this paper is to consider the role of complacency in financial crises over the last two decades, with a closer look at the ongoing Subprime Mortgage Financial Crisis. The theme of complacency and the concept of financial crisis are both ex... Read More about Financial crises: A culture of complacency.

Target gearing in the UK: A triangulated approach (2010)
Journal Article
Tucker, J., Pointon, J., & Olugbode, M. (2010). Target gearing in the UK: A triangulated approach. International Journal of Managerial Finance, 6(1), 58-80. https://doi.org/10.1108/17439131011015797

Purpose: The purpose of this study is to investigate the incidence of target gearing behaviour in firms as well as the drivers of such behaviour. Design/methodology/approach: The paper employs a triangulation approach across three methodological phas... Read More about Target gearing in the UK: A triangulated approach.

How to set the hurdle rate for capital investments (2009)
Book Chapter
Tucker, J. (2009). How to set the hurdle rate for capital investments. In D. Stauffer (Ed.), Qfinance: The Ultimate Resource (322-324). A & C Black

EXECUTIVE SUMMARY • There exists a wide range of approaches to setting the hurdle rate for capital investments. • It is essential that we do not set the hurdle rate too high, thereby foregoing valuable investment opportunities, or too low, thereby... Read More about How to set the hurdle rate for capital investments.

Book review: Chris Mallin and Kean Ow-Yong, Corporate governance in alternative investment market (AIM) companies x+119pp., £15.00, Institute of Chartered Accountants of Scotland, Edinburgh, United Kingdom (2008) ISBN 978-1-904574-44-6 (2008)
Journal Article
Tucker, J. (2008). Book review: Chris Mallin and Kean Ow-Yong, Corporate governance in alternative investment market (AIM) companies x+119pp., £15.00, Institute of Chartered Accountants of Scotland, Edinburgh, United Kingdom (2008) ISBN 978-1-904574-44-6. British Accounting Review, 40(4), 380-381. https://doi.org/10.1016/j.bar.2008.08.003

Book review for the British Accounting Review

A simplified approach to modeling the CO-movement of asset returns (2007)
Journal Article
Harris, R. D., Stoja, E., & Tucker, J. (2007). A simplified approach to modeling the CO-movement of asset returns. Journal of Futures Markets, 27(6), 575-598. https://doi.org/10.1002/fut.20262

The authors propose a simplified multivariate GARCH (generalized autoregressive conditional heteroscedasticity) model (the S-GARCH model), which involves the estimation of only univariate GARCH models, both for the individual return series and for th... Read More about A simplified approach to modeling the CO-movement of asset returns.

A UK test of an inflation-adjusted Ohlson model (2005)
Journal Article
Gregory, A., Saleh, W., & Tucker, J. (2005). A UK test of an inflation-adjusted Ohlson model. Journal of Business Finance and Accounting, 32(3-4), 487-534. https://doi.org/10.1111/j.0306-686X.2005.00602.x

This paper conducts a UK test of a version of the Ohlson (1995) model. We should only expect abnormal earnings to revert to zero if the book value of assets is economically meaningful. In this paper we make use of the property revaluations common in... Read More about A UK test of an inflation-adjusted Ohlson model.

Practitioners' perspectives on the UK cost of capital (2004)
Journal Article
McLaney, E., Pointon, J., Thomas, M., & Tucker, J. (2004). Practitioners' perspectives on the UK cost of capital. European Journal of Finance, 10(2), 123-138. https://doi.org/10.1080/1351847032000137401

The aims of this study were to determine how UK finance practitioners derive and review the cost of capital, and to ascertain whether the final figure varied with the choice of method. To investigate behaviour in the real world a survey questionnaire... Read More about Practitioners' perspectives on the UK cost of capital.

Small firm finance and public policy (2003)
Journal Article
Lean, J., & Tucker, J. (2003). Small firm finance and public policy. Journal of Small Business and Enterprise Development, 10(1), 50-61. https://doi.org/10.1108/14626000310461367

Examines how a finance gap for small firms might be addressed by means of government policy to support informal financing initiatives. A review of both the finance and the government policy literature provides the basis for discussing and conceptuali... Read More about Small firm finance and public policy.

Micro-credit in a UK context (2001)
Report
Tucker, J., & Lean, J. (2001). Micro-credit in a UK context

The aim of this study was to investigate the need for and use of micro-credit and other sources of finance in small firms. The objectives in pursuit of this aim were as follows: • To establish a clear definition of micro-credit in a UK context and... Read More about Micro-credit in a UK context.

Diversification and performance in the UK defense industry (1997)
Journal Article
Tucker, J., Bishop, P., & Thomas, M. (1997). Diversification and performance in the UK defense industry. Defense Analysis, 13(3), 271-282. https://doi.org/10.1080/07430179708405737

This article examines the relationship between diversification and performance in the UK defence industry. The theoretical arguments which have been advanced to support a general link between diversification and performance are examined together with... Read More about Diversification and performance in the UK defense industry.

European taxation and capital investment (1996)
Journal Article
Pointon, J., Farrar, S., & Tucker, J. (1996). European taxation and capital investment. International Journal of Phytoremediation, 21(1), 57-76. https://doi.org/10.1080/135184796337607

A simulated study is conducted of the relative tax incentives to capital investment in Europe. For 1994 required pre-tax rates of return vary from 8.5% for plant and machinery investments in Spain to l3.8% for commercial property in Ireland. Within i... Read More about European taxation and capital investment.