Professor Martin Walker

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Profile photo of: Professor Martin Walker Email: Show Email Address
Position: Professor of Finance and Accounting
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Academic unit: Accounting and Finance


Professor of Finance and Accounting since 1989

Deputy Director (Research) Manchester Business School, January 2007 to January 2011

Dean of the Faculty of Social Sciences and Law from 2000 to 2003.

Previous positions held include Former Head of Accounting and Finance (1990-1994), Professor of Accounting and Business Computing (Dundee), and Reader in Accounting and Finance at the London School of Economics.

Joint editor of the Journal of Business Finance and Accounting.

Research Interests

Market-based Accounting Research; Financial Communication; Accounting and Finance Applications of Information Economics

Additional Information

Current Teaching: Accounting Theory; Corporate Financial Communication and Valuation; Company Valuation; Advanced Research Seminar; Auditing and Professional Accounting Practice.

Programme involvement

Specialist fields




Publication summary




Showing 69 publication(s)


  • Lee, E., Walker, M., & Zeng, C. (2017). Do Chinese State Subsidies Affect Voluntary Corporate Social Responsibility Disclosure?Journal of Accounting and Public Policy. . Publication link: ce5e6d23-14b0-4193-b2b3-49a6a1f2c698
  • Grambovas, C., Garcia Lara, J. M., Ohlson, J., & Walker, M. (2017). Earnings: Concepts vs. Reported. Journal of Law, Finance, and Accounting. . Publication link: cac74ecb-cbe2-47b5-b689-7477949c605c


  • Lopes, A. B., Walker, M., & da Silva, R. L. M. (2016). The Determinants of Firm-Specific Corporate Governance Arrangements, IFRS Adoption and the Informativeness of Accounting Reports: Evidence from Brazil. Journal of International Accounting Research , 15(2). DOI: 10.2308/jiar-51532. Publication link: 96af3649-3911-4166-9321-ea73a022905d
  • El-Hay, M., Rayson, P., Young, S., Walker, M., Schleicher, T., & Athanasakou, V. (2016). Learning tone and attribution for financial text mining. In In: N. Calzolari, K. Choukri, T. Declerck, M. Grobelnik, B. Maegaard, J. Mariani, A. Moreno, J. Odijk, S. Piperidis (Eds.) Proceedings of LREC 2016, Tenth International Conference on Language Resources and Evaluation. European Language Resources Association (ELRA) . (pp. 1820). Publication link: d10082d1-50cc-44a2-aa69-83dce7356e66




  • Giner, B., Tahoun, A., & Walker, M. (2013). The influence of conditional conservatism on ownership dispersion: An international analysis. Revista Espanola de Financiacion y Contabilidad, 42(159), 289-309. . Publication link: d5cb5b1e-ddf6-40f0-ab49-4851f7c0e530
  • Lee, E., Walker, M., & Zeng, C. (2013). Does IFRS convergence affect financial reporting quality in China (ACCA research report no. 131). Association of Chartered Certified Acountants.. Publication link: 285d218f-0105-4e86-b484-f1c64a28d269






  • Athanasakou, V., Choi, Y-S., Lin, S., Walker, M., & Young, S. (2008). Understanding the Earnings Reporting Practices of UK Firms and their interactions with Analysts’ Earnings Forecasts. (Briefing). (Refereed Report for ICAEW based on original research). No publisher name.. Publication link: 1ab729e5-9ce4-491b-a69b-56910014918a
  • Walker, M., Lee, E., & Christensen, H. (2008). Mandating IFRS: Its Impact on the Cost of Equity Capital in Europe, ACCA Research Report 105. London: ACCA.. Publication link: 6d2cc08a-818c-47df-bdd7-24a619969714


  • Choi, Y. S., Lin, S., Walker, M., & Young, S. (2007). Disagreement over the persistence of earnings components: Evidence on the properties of management-specific adjustments to GAAP earnings. Review of Accounting Studies, 12(4), 595-622. DOI: 10.1007/s11142-007-9048-x. Publication link: f0669ded-c460-4ac8-96e1-383ed173f22d
  • Christensen, H. B., Lee, E., & Walker, M. (2007). Cross-sectional variation in the economic consequences of international accounting harmonization: The case of mandatory IFRS adoption in the UK. International Journal of Accounting, 42(4), 341-379. DOI: 10.1016/j.intacc.2007.09.007. Publication link: ff1930ca-83a1-4948-95db-12f0a54ee17b


  • Lee, E., Walker, M., & Christensen, H. (2006). The Cost of Capital in Europe: An Empirical Analysis and the Preliminary Impact of International Accounting Harmonisation (ACCA research report no. 94). (ACCA). London: Association of Chartered Certified Acountants.. Publication link: 8c8e4fd4-25c9-4e27-9be4-6645448ef76a
  • Walker, M., & Hussainey, K. (2006). The Use of Forward-looking Key Performance Indicators by Financial Analysts: Evidence from High versus Low Growth Industries. In Financial Reporting and Business Communication Research 10th Annual Conference, Cardiff Business School.. Publication link: 07112d95-163a-44ac-88c4-e583120f8516
  • Hussainey, K., & Walker, M. (2006). Quantitative Disclosures and the Returns-Earnings Relation: The Effect of the Sectors Growth Prospects. In British Accounting Association Annual Conference at Portsmouth University.. Publication link: 44f66cd3-b98d-48ea-96e2-e504708cc218



  • Hussainey, K., Schleicher, T., & Walker, M. (2004). The Effect of Firm Disclosure on Prices Leading Earnings for Loss-Making Firms. In Corporate Information Disclosure and News Management Conference at Exeter University.. Publication link: e8b4cebc-4fe4-4933-ae42-848640243ade



  • Walker, M., & Cuello, D. O. D. J. (2002). Reaccion Bursatil a Los Anuncios de Gastos Corporitivos en Investigacion y Desarrolo. Economía Industrial, 348. . Publication link: b3760703-bcaf-42ec-98ca-d6a121e833fc


  • Walker, M. (2001). Corporate Financial Disclosure and Analyst Forecasting Activity: Preliminary Evidence for the UK. (Association of Chartered Certified Accountants). No publisher name.. Publication link: 32171721-e44c-4006-929c-7e5490348c36


  • Walker, M. (2000). International Differences in the Timing, Conservatism, and Classification of Earnings. Journal of Accounting Research, 37. . Publication link: 644c00bd-b15b-47de-97f5-9025d876277e
  • Walker, M., & Lin, S. (2000). FRS3 Earnings, Headline Earnings and Accounts Based Valuation Models. Accounting and Business Research, 30. . Publication link: 4ebba20a-9d2e-43ee-851f-4f6aa5a507d2




  • Walker, M. (1997). Clean surplus accounting models and market-based accounting research: A review. Accounting and Business Research, 27(4), 341-355. . Publication link: dd4f9503-de69-44e6-9022-a4f9cb8fe517
  • Walker, M. (1997). The Economics of Corporate Financial Communication. (ACCA). London: Certified Accountants Educational Trust.. Publication link: 7466929e-8e31-4dc1-845a-d2e895a39fde


  • Hew, D., Skerratt, L., Strong, N., & Walker, M. (1996). Post-earnings-announcement drift: Some preliminary evidence for the UK. Accounting and Business Research, 26(4), 283-293. . Publication link: a59a163a-8f50-4b76-a5bd-724b6395a890
  • Walker, M. (1996). Preliminary Evidence on the Association Between Abnormal Returns and Changes in Capital Expenditure for US and UK Companies. Unknown Journal, 1. . Publication link: 2ebc2199-fe40-47ae-8679-eb597d653eb1
  • Alan, S., & Walker, M. (1996). Biotechnology: Can the UK Sustain in Competitive Position?Management Accounting: Magazine for Chartered Management Accountants, 74. . Publication link: 09fa1409-cf91-4a8c-af9d-3f2ec8d53fd2