Advances in Quantitative Analysis of Finance and Accounting

List of contributors. On the pitfall of using intuitive judgement in audit scheduling (Shui F. Lam, K. Hung Chan and Shijun Cheng). Potential consequences of informal, simplifying restrictions (C. Harter, R. Kelley Pace). Nonparametric statistical tests for the random walk in stock prices (P. Cerrito, D. Olson and K. Ostaszweski). A rationale for using profitability indices to allocate capital in a levered firm (M.A. Siddiqi). How the market views leverage data from financial statements (Z.L. Swanson). The underpricing of initial public offerings: review, critique, and integration (T.R. Noland, R.M. Pavlik). The use of accruals in income smoothing: a permanent earnings hypothesis (P.K. Chaney, D.C. Jeter and C.M. Lewis). Underwriter choice, institutional holdings and future IPO performance (R. Michaely, W.H. Shaw). Functional forms of investment and capital structure codetermination: empirical tests (E.L. Bubnys, A.P. Prezas). An examination of the effect of debt covenant violation on security price changes: a case of long-window earnings response coefficient (K.E. Karim, P.H. Siegel).