Professor Andrew Stark

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Position: Coutts Professor of Accounting and Finance
Academic unit: Accounting and Finance
 

Biography

Andrew Stark is currently the Coutts Professor of Accounting and Finance at Manchester Business School, having held prior faculty positions at Yale School of Management (visiting), and the universities of Essex, Ulster, Maryland and Manchester. He joined the School on 1 January 1996. He was given the British Accounting Association Distinguished Academic Award in 2003. He is currently one of the editors of the Journal of Business Finance and Accounting and is a past joint-editor of the British Accounting Review. He is a past chairperson of the British Accounting Association. He is a member of 2008 Research Assessment Exercise Main Panel I and is the chairperson of Sub-Panel 35 (Accounting and Finance), having previously been on the Research Assessment Exercise Panels for Accounting and Finance in 1996 and 2001 and for Business and Management in 2001. He was chairperson of the Quality Assurance Agency Subject Benchmarking Group for accountancy.

Research Interests

His current research interests include the estimation of accounting-based, cross-sectional, valuation models (including the value relevance of research and development expenditures, and other expenditures (e.g., advertising) on intangible assets); accounting-based anomalies; the impact of real options' concepts on management accounting and control systems; the use of principal-agent analyses to analyse optimal investment decision-making in a variety of contexts; and empirical asset pricing. He has published numerous papers in these areas in refereed research journals.

Additional Information

Capital Budgeting/Investment Appraisal; the Market for Corporate Control; Corporate Valuation Models; the Relationship between Accounting Disclosures and Stock Market Returns; Principal-Agent Analyses of Accounting

Programme involvement

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Showing 58 publication(s)

2016

2015

  • Dedman, E., Jiang, W., & Stark, A. W. (2015). The Value Relevance and Information Content of Cash and Stock Dividends in China. The European Journal of Finance. . Publication link: 05571bba-a47a-4680-8318-df5970e5cdf6

2014

2013

  • Stark, A. W., Kang, J., Holtom, B. C. (Ed.), & Dierdorff, E. C. (Ed.) (2013). Managing Aspirations, Resources, and Cost Structures in Differentiating Constraints. In Disrupt or Be Disrupted: A Blueprint for Change in Management Education. (pp. 95-130). Wiley: Jossey-Bass. . Publication link: e2acf6ba-5fca-45f1-9387-e05c74c3971c

2011

2009

2008

2007

  • Stark, A., Antle, R., Bogetoft, P., Liang, P. J. (Ed.), & Gjesdal, F. (Ed.) (2007). Incentive Problems and Investment Timing Options. In Essays in Accounting Theory in Honor of Joel S Demski. Springer Verlag. . Publication link: 99412986-b80c-4dd2-976c-158cb8684f2c
  • Shah, Z., Stark, A., & Akbar, S. (2007). Firm Size, Sector and Market Value of R&D Expenditures. Applied Financial Economics Letters, 4(2). . Publication link: 5e1ff94c-d334-4b3d-b99b-57fe74e7feba

2005

  • Stark, A. (2005). Principal-Agent Analyses and Management Accounting. In The Blackwell Encyclopedia of Management. (pp. 347-353). Oxford: Blackwell Publishing. . Publication link: 621dddc7-cf7b-4533-b83d-12ec8347535a

2004

2003

  • Bessant, J., Birley, S., Cooper, C., Dawson, S., Gennard, J., Gardiner, M., ... Stark, A. (2003). The state of the field in UK management research: Reflections of the Research Assessment Exercise (RAE) panel. British Journal of Management, 14(1), 51-68. . Publication link: 94e3b4d7-78ec-4167-b53b-f07627150d85

2001

  • Howell, S., Stark, A., Newton, D., Paxson, D., Cavus, M., Azevedo-Pereira, J. A., & Patel, K. (2001). Real Options - Evaluating Corporate Investment Opportunities in a Dynamic World. Financial Times Prentice Hall.. Publication link: ac4474d8-ff2d-4c14-9f7e-fb286161bb5c

2000

  • Manson, S., Powell, R., Stark, A., & Thomas, H. M. (2000). Identifying the Sources of Gains From Takeovers. Accounting Forum, 24 (4). . Publication link: 34e0248f-3f3a-4901-8a7d-d8ebf27d94f4
  • Howell, S., Stark, A., Newton, D. P., Paxson, D., & Cavus, M. (2000). Real Options - An Introduction for Executives. Prentice Hall.. Publication link: d3ea39db-f2de-49d8-8922-94201d9b316c

1999

  • Antle, R., Bogetoft, P., & Stark, A. (1999). Selection Among Mutually Exclusive Investments with Managerial Private Information. Contempory Accounting Research, 16 (3). . Publication link: 7ebbdf43-1a41-4624-a15c-1b7a30e43e88

1998

  • Stark, A., & Thomas, H. M. (1998). On the Empirical Relationship Between Market Value and Residual Income in the UK. Management Accounting Research, 9 (4). . Publication link: 13bcf8e0-0736-480d-9205-4abbedf0b7f7

1997

  • Stark, A. W. (1997). The impact of irreversibility, uncertainty and timing options on deprival valuations and the detection of monopoly profits. Accounting and Business Research, 28(1), 40-52. . Publication link: 49060afe-3064-4327-a638-995c0e051a48
  • Stark, A. W. (1997). Linear information dynamics, dividend irrelevance, corporate valuation and the clean surplus relationship. Accounting and Business Research, 27(3), 219-228. . Publication link: 902f52f6-f045-4890-94c1-aadfef204d9c

1996

  • Green, P. J., Stark, A., & Thomas, H. M. (1996). UK Evidence on the Market Valuation of Research and Development Expenditures. Journal of Business Finance and Accounting, 23 (2). . Publication link: 2c9bd1a7-60df-47ca-8587-0b684feadcb3

1994

  • Stark, A. (1994). Some Analytics of Why Conditional IRRs Contain Growth Related Measurement Error. Journal of Business Finance and Accounting, 21(2). . Publication link: 35d899f2-da72-4aa7-b1c1-d452ea65f462

1993

  • Stark, A. (1993). Problems in Measuring the Cash Recovery Rate and Measurement Error in Estimates of the IRR. European Accounting Review, 2(2). . Publication link: 954b24fc-edcf-4c79-a719-923a00e2ef51

1992

  • Stark, A., Thomas, H. M., & Watson, I. D. (1992). On the Practical Importance of Measurement Error in Conditional IRRs. Journal of Business Finance and Accounting, 19(3). . Publication link: 3a7b8680-aae5-42f1-a136-83d225984c88
  • Cohen, S., Loeb, M. P., & Stark, A. (1992). Separating Controllable Performance From Non-Controllable Performance: the Case of Optimal Procurement Contracting. Management Accounting Research, 3(4). . Publication link: 9b6ebc09-2f0b-45c3-86e7-ebbd432fa56d

1991

  • Stark, A. (1991). Simple Resource Allocation Rules: a Note on a Generalisation. Journal of Business Finance and Accounting, 20(3). . Publication link: 26d02886-a59b-4741-93ce-edf0850a80b9
  • Griner, E. H., & Stark, A. W. (1991). On the properties of measurement error in cash-recovery-rate-based estimates of economic performance. Journal of Accounting and Public Policy, 10(3), 207-223. . Publication link: f321d0d1-7a70-49bf-add0-6866981c4cd9

1990

  • Gordon, L. A., Loeb, M. P., & Stark, A. (1990). Capital Budgeting and the Value of Information. Management Accounting Research, 1(1). . Publication link: 6cf448e4-842b-4af7-a24e-4c8405f8c461

1989

  • Gordon, L. A., & Stark, A. (1989). Accounting and Economic Rates of Return: a Note on Depreciation and Other Accruals. Journal of Business Finance and Accounting, 16(3). . Publication link: 09ba84b3-4b1d-46b2-b91f-0418aa13a7b1
  • Stark, A. (1989). On Testing the Assumptions Underlying the Cash Recovery Rate Approach to the Estimation of Economic Performance. Accounting and Business Research, 19(75). . Publication link: 8a5e21cc-7d34-4666-ad95-c286ba385f74
  • Stark, A. W. (1989). A note on the aggregation properties of hotelling depreciation. British Accounting Review, 21(1), 69-76. . Publication link: c80e367b-60ea-4dde-98c3-aeddec3b964d

1988

  • Griner, E. H., & Stark, A. W. (1988). Cash recovery rates, accounting rates of return, and the estimation of economic performance. Journal of Accounting and Public Policy, 7(4), 293-311. . Publication link: 2673881f-5581-47b1-8fd3-d03903fa6e81

1987

  • Stark, A. W. (1987). Some thoughts on "A cost-benefit analysis of accounting for inflation". Journal of Accounting and Public Policy, 6(3), 209-217. . Publication link: d2448b16-df1b-423c-aba6-942ba90f3e83
  • Lee, T. A., & Stark, A. (1987). Ijiri's Cash Flow Accounting and Capital Budgeting. Accounting and Business Research, 17(66). . Publication link: 465f0a98-9524-41af-825f-46bda6475c04

1986

  • Hall, G., & Stark, A. W. (1986). Bankruptcy risk and the effects of conservative policy for 1979-81. International Journal of Industrial Organization, 4(3), 317-332. . Publication link: c117ea26-d300-4ef2-8623-cd11352f0961

1985

  • Stark, A. W. (1985). Inventories, credit transactions, and the marginal effective tax rate. Journal of Accounting and Public Policy, 4(3), 225-231. . Publication link: 41b3946a-43cc-40b9-b744-85a3a7afd7f5

1984

  • Stark, A. (1984). Uncertain Input Prices, Profit Risk and the Rate-of-Return Regulated Firm - Comment. Land Economics, 60(4). . Publication link: 10d39e92-77ce-45fe-9a04-a9bd31e8216f
  • Lee, T. A., & Stark, A. (1984). A Cash Flow Analysis of Government Supported Enterprises. Journal of Business Finance and Accounting, 11(1). . Publication link: 0e03fe74-6944-42b3-93a2-6aaf99f576ab

1982

  • Stark, A. W. (1982). Estimating the internal rate of return from accounting data-a note. Oxford Economic Papers, 34(3), 520-525. . Publication link: 7aba62f8-f68a-4d7b-9671-a894246729a8

1981

1975