Search Results - "Elayan, Fayez A."

Unfair “Fair Value” in Illiquid Markets: Information Spillover Effects in Times of Crisis by Dontoh, Alex, Elayan, Fayez A., Ronen, Joshua, Ronen, Tavy

“…We investigate the effects of write-downs on market prices and volumes under fair value accounting. We also examine the prominent role that illiquidity plays…”
Get full text

The Market Response to Mandatory Conflict Mineral Disclosures by Elayan, Fayez A., Brown, Kareen, Li, Jennifer, Chen, Yijia

“…This paper examines the market response to the events leading up to the passage of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection…”
Get full text

Litigation risk, information asymmetry and conditional conservatism by Liu, Zhefeng, Elayan, Fayez A.

“…This study examines whether a change in litigiousness explains variations in the relationship between information asymmetry and conditional conservatism. Prior…”
Get full text

The impact of the Volcker rule on targeted banks, systemic risk, liquidity, and financial reporting quality by Elayan, Fayez A., Aktas, Rafet, Brown, Kareen, Pacharn, Parunchana

“…•This paper examines the market’s perception of the Volcker rule using the equity and credit default swap market responses.•The paper features a large and…”
Get full text

The outcome of backdating investigations: economic consequences, market overreaction and management motives by Jingyu Li, Fayez A. Elayan, Thomas O. Meyer, Parunchana Pacharn

Get full text

Changes in the Covalence Ethical Quote, Financial Performance and Financial Reporting Quality by Elayan, Fayez A., Li, Jingyu, Liu, Zhefeng Frank, Meyer, Thomas O., Felton, Sandra

“…We examine the equity valuation effect of press releases of upgrades or downgrades reflected in the Covalence Ethical Quote (CEQ), an index ranking the ethical…”
Get full text

Factors Influencing Corporate Environmental Disclosures by Wegener, Matt, Elayan, Fayez A., Felton, Sandra, Li, Jingyu

“…We investigate the effectiveness of the Carbon Disclosure Project (CDP), a not‐for‐profit organization that facilitates environmental disclosures of firms with…”
Get full text

Comparing the financial reporting quality of Chinese and US public firms by Brown, Kareen, Elayan, Fayez A., Li, Jingyu, Liu, Zhefeng

“…Purpose The purpose of this paper is to investigate whether US regulatory actions around reverse mergers (RM) have exerted any spillover effects on the Chinese…”
Get full text

The economic consequences of accelerated vesting of employee stock options by Fayez A. Elayan, Thomas O. Meyer, Jingyu Li, Parunchana Pacharn

Get full text

Accounting irregularities, management compensation structure and information asymmetry by Elayan, Fayez A., Li, Jingyu, Meyer, Thomas O.

“…The discovery of accounting irregularities is an important negative event for a company. The restatement resulting from the irregularity represents an average…”
Get full text

Changes to Income Trust Taxation in Canada: Investor Reaction and Dividend Clientele Theory by Elayan, Fayez A., Li, Jingyu, Donnelly, Maureen E., Young, Allister W.

“…:  This paper explores the relationship between tax‐induced dividend clientele theory and the recent changes to the taxation of income trusts in Canada. On…”
Get full text

Investor Reaction to Inter-corporate Business Contracting: Evidence and Explanation by Elayan, Fayez A., Pukthuanthong, Kuntara, Roll, Richard

“…We examine the stock market reaction to 1227 inter‐corporate ordinary business contract announcements reported by Dow Jones between January 1, 1990 and…”
Get full text

Evidence from Tax-Exempt Firms on Motives for Participating in Sale-Leaseback Agreements by Elayan, Fayez A., Meyer, Thomas O., Li, Jingyu

“…Previous research finds evidence that tax factors motivate the participants in leasing transactions. Tax-arbitrage arguments predict that leasing participants…”
Get full text

Equity and debt market responses to sovereign credit ratings announcement by Pukthuanthong-Le, Kuntara, Elayan, Fayez A., Rose, Lawrence C.

“…We study the impact of changes in sovereign ratings and outlooks on international capital markets using a comprehensive database of 34 countries, covering the…”
Get full text

The Impact of Receiving Debtor-in-Possession Financing on the Probability of Successful Emergence and Time Spent Under Chapter 11 Bankruptcy by Elayan, Fayez A., Meyer, Thomas O.

“…The ability to obtain financing is a critical element in attempting to successfully reorganise a firm which has declared Chapter 11 bankruptcy…”
Get full text

The market response to mandatory disclosure of payments to foreign governments by Elayan, Fayez A., Pacharn, Parunchana, Li, Jennifer, Brown, Kareen, Chen, Yijia

“…This study examines how the equity market responds to the mandated disclosures made under the Canadian Extractive Sector Transparency Measures Act (ESTMA). We…”
Get full text

The informational content of credit rating announcements for share prices in a small market by Elayan, Fayez A., Hsu, Wei Huei, Meyer, Thomas O.

“…The informational value of credit ratings is a subject of continuing debate. This research examines whether reaction to small market credit rating…”
Get full text

Market Reactions, Characteristics, and the Effectiveness of Corporate Layoffs by Elayan, Fayez A., Swales, George S., Maris, Brian A., Scott, James R.

“…Two hypotheses are considered to explain employee layoffs by corporations: (1) the declining investment opportunities hypothesis; and (2) the efficiency…”
Get full text

The valuation effects of bank loan ratings in the presence of multiple monitors by Meyer, Thomas O., Hsu, Wei-Huei, Elayan, Fayez A.

“…Studies have shown that when two information providers or outside auditors exist, the value provided by the second one will be decreased by the actions of the…”
Get full text

Creditworthiness or Management Signal? An Empirical Investigation of Loan Commitments Obtained by Non-taxable Firms by Elayan, Fayez A, Meyer, Thomas O, Li, Jingyu

“…Market reaction to the announcement of obtaining loan commitments (LCs) is examined for a unique sample of tax-exempt real estate investment trusts (REITs)…”
Get full text