Professor Martin Walker

Research Interests

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

Additional Information

Working papers

Showing 66 publication(s)

2016

• 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 . . Publication link: 96af3649-3911-4166-9321-ea73a022905d

• Ho, T. Q., Strong, N., & Walker, M. (2016). Modelling analysts’ target price revisions following good and bad news?Accounting and Business Research. . Publication link: 325fdc26-7f79-433c-8dad-c2871f3ffc45

2015

• Mora, A., & Walker, M. (2015). The implications of research on accounting conservatism for accounting standard setting. Accounting and Business Research, 45(5), 620-650. DOI: 10.1080/00014788.2015.1048770. Publication link: 083935df-53f3-4aee-bdea-79532f223ea9

• Schleicher, T., & Walker, M. (2015). Are interim management statements redundant?Accounting and Business Research, 45(2), 229-255. DOI: 10.1080/00014788.2014.1002444. Publication link: 1584baa0-e8ef-4e95-b3ec-ee25fa67c2a2

• Christensen, H. B., Lee, E., Walker, M., & Zeng, C. (2015). Incentives or Standards: What Determines Accounting Quality Changes around IFRS Adoption?European Accounting Review. . Publication link: bfd86432-24ae-422b-817b-3021d8c699a7

2014

• Lim, C. Y., Lee, E., Kausar, A., & Walker, M. (2014). Bank accounting conservatism and bank loan pricing. Journal of Accounting and Public Policy, 33(3), 260-278. DOI: 10.1016/j.jaccpubpol.2014.02.005. Publication link: a32b9769-26af-49b0-a720-3885f4969940

• Lee, E., Walker, M., & Zeng, C. (2014). Do Chinese government subsidies affect firm value?Accounting, Organizations and Society, 39(3), 149-169. DOI: 10.1016/j.aos.2014.02.002. Publication link: 9f7da1ae-56bf-4b19-9fe9-db6e58eddf68

• Voulgaris, G., Stathopoulos, K., & Walker, M. (2014). CEO Pay Contracts and IFRS Reconciliations. European Accounting Review, 24(1), 63-93. DOI: 10.1080/09638180.2014.894927. Publication link: 1d587355-c224-4060-93bb-f11b353914c0

• Clubb, C., & Walker, M. (2014). Payout Policy Relevance and Accounting-based Valuation. Abacus, 490-516. . Publication link: 064c53c4-0370-44bd-b103-0c33431aa232

• Voulgaris, G., Stathopoulos, K., & Walker, M. (2014). IFRS and the Use of Accounting-Based Performance Measures in Executive Pay. The International Journal of Accounting, 49(4), 479-514. DOI: 10.1016/j.intacc.2014.10.001. Publication link: 062de2c3-3a7f-451e-b6e7-4f949df109ed

2013

• Bilinski, P., Lyssimachou, D., & Walker, M. (2013). Target price accuracy: International evidence. Accounting Review, 88(3), 825-851. DOI: 10.2308/accr-50378. Publication link: c9a62e69-bbe4-4ff0-9935-281033a06718

• 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 29 Lincoln’s Inn Fields London WC2A 3EE United Kingdom /: The Association of Chartered Certified Accountants. DOI: ISBN: 978-1-85908-484-7. Publication link: 362a04d9-f7f3-4d5b-9fb5-da73d785c15d

• Frantz, P., Instefjord, N., & Walker, M. (2013). Executive compensation: A model of disclosure choice. Journal of Business Finance and Accounting, 40(9-10), 1184-1220. DOI: 10.1111/jbfa.12041. Publication link: 25c73708-4014-4bee-b5b2-be3d6bc26508

• Grey, C., Stathopoulos, K., & Walker, M. (2013). The impact of executive pay on the disclosure of alternative earnings per share figures. International Review of Financial Analysis, 29, 227-236. DOI: 10.1016/j.irfa.2012.09.005. Publication link: 26d2a223-55ea-49d1-9500-465e2c1ce1aa

• Walker, M. (2013). How far can we trust earnings numbers? What research tells us about earnings management. Accounting and Business Research, 43(4), 445-481. DOI: 10.1080/00014788.2013.785823. Publication link: a46e102e-415c-48a0-8211-4a45836bf842

2012

• Lopes, A. B., & Walker, M. (2012). Asset revaluations, future firm performance and firm-level corporate governance arrangements: New evidence from Brazil. British Accounting Review, 44(2), 53-67. DOI: 10.1016/j.bar.2012.03.007. Publication link: a7802678-fb01-42ed-8046-efa8b57b4841

2011

• Athanasakou, V., Strong, N. C., & Walker, M. (2011). The market reward for achieving analyst earnings expectations: Does managing expectations or earnings matter?Journal of Business Finance and Accounting, 38(1-2), 58-94. DOI: 10.1111/j.1468-5957.2010.02219.x. Publication link: d3888b64-b0cf-4936-8b17-859900506692

• Mak, C. Y., Strong, N., & Walker, M. (2011). Conditional earnings conservatism and corporate refocusing activities. Journal of Accounting Research, 49(4), 1041-1082. DOI: 10.1111/j.1475-679X.2011.00414.x. Publication link: 383de538-48fe-4f1b-a3c0-5965e24d9950

2010

• Schleicher, T., & Walker, M. (2010). Bias in the tone of forward-looking narratives. Accounting and Business Research, 40(4), 371-390. DOI: 10.1080/00014788.2010.9995318. Publication link: b73d035e-2957-43a0-bb89-0390f02655b6

• Voulgaris, G., Stathopoulos, K., & Walker, M. (2010). Compensation consultants and CEO pay: UK evidence. Corporate Governance: An International Review, 18(6), 511-526. DOI: 10.1111/j.1467-8683.2010.00822.x. Publication link: bc0775c1-db13-4a0e-a4df-e088bbc9f282

• Athanasakou, V., Strong, N., & Walker, M. (2010). The association between classificatory and inter-temporal smoothing: Evidence from the UK's FRS 3. International Journal of Accounting, 45(2), 224-257. DOI: 10.1016/j.intacc.2010.04.002. Publication link: a3c973ec-edf6-41bc-89ae-b73824f1a70b

• Demirakos, E. G., Strong, N. C., & Walker, M. (2010). Does valuation model choice affect target price accuracy?European Accounting Review, 19(1), 35-72. DOI: 10.1080/09638180902990630. Publication link: 9a20f038-74e1-415a-a47b-49585af473f7

• Walker, M. (2010). Accounting for varieties of capitalism: The case against a single set of global accounting standards. British Accounting Review, 42(3), 137-152. DOI: 10.1016/j.bar.2010.04.003. Publication link: 0d45bf9b-c7da-4590-98a3-2cde65986b1f

• Schleicher, T., Tahoun, A., & Walker, M. (2010). IFRS adoption in Europe and investment-cash flow sensitivity: Outsider versus insider economies. International Journal of Accounting, 45(2), 143-168. DOI: 10.1016/j.intacc.2010.04.007. Publication link: 35238b0a-774e-47dd-894b-eb17db78466e

2009

• Christensen, H. B., Lee, E., & Walker, M. (2009). Do IFRS reconciliations convey information? the effect of debt contracting. Journal of Accounting Research, 47(5), 1167-1199. DOI: 10.1111/j.1475-679X.2009.00345.x. Publication link: 2b6d47e5-6937-4a9a-8b65-419c0c5a3369

• Hussainey, K., & Walker, M. (2009). The effects of voluntary disclosure and dividend propensity on prices leading earnings. Accounting and Business Research, 39(1), 37-55. DOI: 10.1080/00014788.2009.9663348. Publication link: 33bd5b45-98fb-4e00-bbc3-1398e484b88c

• Athanasakou, V. E., Strong, N. C., & Walker, M. (2009). Earnings management or forecast guidance to meet analyst expectations?Accounting and Business Research, 39(1), 3-35. DOI: 10.1080/00014788.2009.9663347. Publication link: c760003f-2bd3-4927-8c80-0f8dd23fe40c

2008

• 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

2007

• 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

• 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

• Schleicher, T., Hussainey, K., & Walker, M. (2007). Loss firms' annual report narratives and share price anticipation of earnings. British Accounting Review, 39(2), 153-171. DOI: 10.1016/j.bar.2007.03.005. Publication link: 703b9ca1-e014-4fda-a85b-597e72b09eed

• Athanasakou, V. E., Strong, N. C., & Walker, M. (2007). Classificatory income smoothing: The impact of a change in regime of reporting financial performance. Journal of Accounting and Public Policy, 26(4), 387-435. DOI: 10.1016/j.jaccpubpol.2007.05.002. Publication link: 3c001a99-6f16-4bc4-a128-7bc6b03d638b

2006

• 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 94. (ACCA). London: ACCA.. 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

• Barnes, E., & Walker, M. (2006). The seasoned-equity issues of UK firms: Market reaction and issuance method choice. Journal of Business Finance and Accounting, 33(1-2), 45-78. DOI: 10.1111/j.1468-5957.2006.01354.x. Publication link: b12bbf43-dd05-4f32-b2b3-e50d9f0bc26b

2005

• Walker, M. (2005). Commentary on differences in the valuation of earnings and book value: Regulation effects or industry effects?International Journal of Accounting, 40(4), 391-393. DOI: 10.1016/j.intacc.2005.06.003. Publication link: 77445b8d-8b26-47e7-8a4e-4fb54730470e

• Stathopoulos, K., Espenlaub, S., & Walker, M. (2005). The Compensation of UK Executive Directors: Lots of Carrots but are there any Sticks?Competition and Change, 9(1), 89-105. DOI: 10.1179/102452905X38669. Publication link: e41a75aa-9ebe-46a7-a6d1-89d23b9b956b

2004

• Demirakos, E. G., Strong, N. C., & Walker, M. (2004). What valuation models do analysts use?Accounting Horizons, 18(4), 221-240. DOI: 10.2308/acch.2004.18.4.221. Publication link: e34d463c-c578-4e31-b074-e4d99c70cb79

• Walker, M. (2004). Recovering accounting: An economic perspective. Critical Perspectives on Accounting, 15(4-5), 519-527. DOI: 10.1016/S1045-2354(03)00042-X. Publication link: d3ebcae2-00ef-4835-acd3-b8473125fedc

• Walker, M. (2004). Discussion of are economically significant stock returns and trading volumes driven by firm-specific news releases?Journal of Business Finance and Accounting, 31(1-2), 83-86. DOI: 10.1111/j.0306-686X.2004.0d02.x. Publication link: f5dabba8-c3f6-480c-8c95-c7135960f0a8

• 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

• Helbok, G., & Walker, M. (2004). On the nature and rationality of analysts' forecasts under earnings conservatism. British Accounting Review, 36(1), 45-77. DOI: 10.1016/j.bar.2003.07.001. Publication link: 16ae587d-e79e-4fda-af2c-4d50ac901ea7

• Stathopoulos, K., Espenlaub, S., & Walker, M. (2004). UK Executive Compensation Practices: new economy vs old economy. Journal of Management Accounting Research, 16, 57-92. DOI: 10.2308/jmar.2004.16.1.57. Publication link: 23c8eb7a-53a4-410e-9d50-341162f3272b

2003

• Walker, M., & Louvan, E. (2003). The Determinants of Voluntary Disclosure of Adjusted Earnings Per Share Measures by UK Companies. Accounting and Business Research, 33(4), 295-309. DOI: 10.1080/00014788.2003.9729655. Publication link: 2fe6f26b-2ba7-48ea-a424-29397a764234

• Walker, M., & Wang, P. (2003). Towards an understanding of profitability analysis within the residual income valuation framework. Accounting and Business Research, 33(3), 235-246. DOI: 10.1080/00014788.2003.9729648. Publication link: 5f753f3c-3b11-4139-b423-3a694fa8aebb

• Hussainey, K., Schleicher, T., & Walker, M. (2003). Undertaking large-scale disclosure studies when AIMR-FAF ratings are not available: The case of prices leading earnings. Accounting and Business Research, 33(4), 275-294. DOI: 10.1080/00014788.2003.9729654. Publication link: f7b5daf0-7415-47bc-9f66-92ce8eb4ad10

2002

• 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

2001

• 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

2000

• 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. (2000). Civil law versus criminal law remedies for insider trading: The case for the plaintiff. Critical Perspectives on Accounting, 11(1), 105-110. DOI: 10.1006/cpac.1999.0375. Publication link: 46d27579-f38d-40e2-b9b4-e98c03aadcda

• Ghicas, D. C., Iriotis, N., Papadaki, A., & Walker, M. (2000). Fundamental analysis and the valuation of IPOs in the construction industry. International Journal of Accounting, 35(2), 227-241. DOI: 10.1016/S0020-7063(00)00047-9. Publication link: 15f7a6a2-9336-4725-ba75-bb4f4263c6cc

1999

• Al-Debie, M., & Walker, M. (1999). Fundamental information analysis: An extension and UK evidence. British Accounting Review, 31(3), 261-280. DOI: 10.1006/bare.1999.0101. Publication link: 84d2e2e0-3a4f-487d-9927-267f8df9a6df

1998

• Walker, M. (1998). Management Accounting and the Economics of Internal Organisation: A Review Essay. Unknown Journal, 9. . Publication link: 6542a5db-0ac3-45c7-916e-f849efefa028

• Bromwich, M., & Walker, M. (1998). Residual income past and future. Management Accounting Research, 9(4), 391-419. DOI: 10.1006/mare.1998.0091. Publication link: adfab6b1-9611-4660-b294-ecce397cc8c6

1997

• 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). Information Disclosure to Employees and Rational Expectations: A Game Theoretic Perspective. Journal of Business Finance and Accounting, 24, 9, 1421-1432. DOI: 10.1111/1468-5957.t01-1-00171. Publication link: c23e9c06-9c7d-4101-9880-a26f7f09eb0e

• Walker, M. (1997). The Economics of Corporate Financial Communication. (ACCA). London: Certified Accountants Educational Trust.. Publication link: 7466929e-8e31-4dc1-845a-d2e895a39fde

• Walker, M. (1997). Discussion of models of capital investments with private information and incentives: A selective review. Journal of Business Finance and Accounting, 24(7-8), 909-913. DOI: 10.1111/1468-5957.00141. Publication link: 37db7133-61cd-4f5a-913f-656309e40f08

1996

• 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

• Walker, M. (1996). Foreword. Unknown Journal, 232. . Publication link: 5f61087e-e088-49a0-b984-7c7937b8ca4a

• 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