IDEAS home Printed from https://ideas.repec.org/a/eee/pacfin/v56y2019icp129-150.html
   My bibliography  Save this article

Responsible science: Celebrating the 50-year legacy of Ball and Brown (1968) using a registration-based framework

Author

Listed:
  • Aman, Hiroyuki
  • Beekes, Wendy
  • Berkman, Henk
  • Bohmann, Marc
  • Bradbury, Michael
  • Chapple, Larelle
  • Chang, Millicent
  • Clout, Victoria
  • Faff, Robert
  • Han, Jianlei
  • Hillier, David
  • Hodgson, Allan
  • Howieson, Bryan
  • Jona, Jonathan
  • Linnenluecke, Martina
  • Loncan, Tiago
  • McCredie, Bronwyn
  • Michayluk, David
  • Mroczkowski, Nick
  • Pan, Zheyao (Terry)
  • Patel, Vinay
  • Podolski, Edward
  • Soderstrom, Naomi
  • Smith, Tom
  • Tanewski, George
  • Walsh, Kathleen
  • Wee, Marvin
  • Wright, Sue

Abstract

This paper represents the intersection of three spheres of influence, relevant to the global research community interested in a more reliable understanding of capital market phenomena. First, as a timely context, we celebrate the 50-year legacy of an iconic event study of accounting information and the evolution of stock prices, namely Ball and Brown (1968). Second, we add our voice to the growing call for researchers to follow principles of “responsible science”. Third, using the Ball and Brown paper as the inspiration, we report on an experiment in which several teams of researchers follow a registration-based editorial process, which illustrates one fruitful avenue for fostering responsible research into the future.

Suggested Citation

  • Aman, Hiroyuki & Beekes, Wendy & Berkman, Henk & Bohmann, Marc & Bradbury, Michael & Chapple, Larelle & Chang, Millicent & Clout, Victoria & Faff, Robert & Han, Jianlei & Hillier, David & Hodgson, All, 2019. "Responsible science: Celebrating the 50-year legacy of Ball and Brown (1968) using a registration-based framework," Pacific-Basin Finance Journal, Elsevier, vol. 56(C), pages 129-150.
  • Handle: RePEc:eee:pacfin:v:56:y:2019:i:c:p:129-150
    DOI: 10.1016/j.pacfin.2019.05.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0927538X1930280X
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Robert W. Faff & Tom Smith, 2015. "A simple template for pitching research," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 55(2), pages 311-336, June.
    2. Kingsley Y. L. Fong & Craig W. Holden & Charles A. Trzcinka, 2017. "What Are the Best Liquidity Proxies for Global Research?," Review of Finance, European Finance Association, vol. 21(4), pages 1355-1401.
    3. Robert Bloomfield & Kristina Rennekamp & Blake Steenhoven, 2018. "No System Is Perfect: Understanding How Registration‐Based Editorial Processes Affect Reproducibility and Investment in Research Quality," Journal of Accounting Research, Wiley Blackwell, vol. 56(2), pages 313-362, May.
    4. Bohmann, Marc & Michayluk, David & Patel, Vinay & Walsh, Kathleen, 2019. "Liquidity and earnings in event studies: Does data granularity matter?," Pacific-Basin Finance Journal, Elsevier, vol. 54(C), pages 118-131.
    5. Howieson, Bryan A., 2019. "Frankenstein's monster or the Birth of Venus? Perceptions of the impact and contributions of Ball and Brown 1968," Pacific-Basin Finance Journal, Elsevier, vol. 55(C), pages 299-328.
    6. Clinch, Greg & Lyon, John D. & Pinnuck, Matt, 2019. "A review of the impact of Ball and Brown (1968) on research in the Asia-Pacific Basin," Pacific-Basin Finance Journal, Elsevier, vol. 53(C), pages 268-277.
    7. Hillier, David & Loncan, Tiago, 2019. "Political uncertainty and Stock returns: Evidence from the Brazilian Political Crisis," Pacific-Basin Finance Journal, Elsevier, vol. 54(C), pages 1-12.
    8. Aman, Hiroyuki & Beekes, Wendy & Chang, Millicent & Wee, Marvin, 2019. "The role of credibility in the relation between management forecasts and analyst forecasts in Japan," Pacific-Basin Finance Journal, Elsevier, vol. 55(C), pages 29-45.
    9. Berkman, Henk & Jona, Jonathan & Soderstrom, Naomi, 2019. "Firm value and government commitment to combating climate change," Pacific-Basin Finance Journal, Elsevier, vol. 53(C), pages 297-307.
    10. Fargher, Neil & Wee, Marvin, 2019. "The impact of Ball and Brown (1968) on generations of research," Pacific-Basin Finance Journal, Elsevier, vol. 54(C), pages 55-72.
    11. Ball, Ray & Brown, Philip, 2019. "Ball and Brown (1968) after fifty years," Pacific-Basin Finance Journal, Elsevier, vol. 53(C), pages 410-431.
    12. Han, Jianlei & Linnenluecke, Martina K. & Pan, Zheyao (Terry) & Smith, Tom, 2019. "The wealth effects of the announcement of the Australian carbon pricing scheme," Pacific-Basin Finance Journal, Elsevier, vol. 53(C), pages 399-409.
    13. Ball, R & Brown, P, 1968. "Empirical Evaluation Of Accounting Income Numbers," Journal of Accounting Research, Wiley Blackwell, vol. 6(2), pages 159-178.
    14. Goyenko, Ruslan Y. & Holden, Craig W. & Trzcinka, Charles A., 2009. "Do liquidity measures measure liquidity?," Journal of Financial Economics, Elsevier, vol. 92(2), pages 153-181, May.
    15. repec:oup:rfinst:v:21:y:2017:i:4:p:1355-1401. is not listed on IDEAS
    16. Kathryn Barraclough & David T. Robinson & Tom Smith & Robert E. Whaley, 2013. "Using Option Prices to Infer Overpayments and Synergies in M&A Transactions," Review of Financial Studies, Society for Financial Studies, vol. 26(3), pages 695-722.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Ball and Brown (1968); Event study; Accounting information; Registration-based editorial process; Responsible research;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:pacfin:v:56:y:2019:i:c:p:129-150. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Haili He). General contact details of provider: http://www.elsevier.com/locate/pacfin .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.