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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
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    References listed on IDEAS

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    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. 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.
    3. 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.
    4. 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.
    5. 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.
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    8. 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.
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    13. 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.
    14. Nora-Ann Donnelly & Anne Hickey & Annette Burns & Paul Murphy & Frank Doyle, 2015. "Systematic Review and Meta-Analysis of the Impact of Carer Stress on Subsequent Institutionalisation of Community-Dwelling Older People," PLOS ONE, Public Library of Science, vol. 10(6), pages 1-19, June.
    15. 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.
    16. Marcus R. Munafò & Brian A. Nosek & Dorothy V. M. Bishop & Katherine S. Button & Christopher D. Chambers & Nathalie Percie du Sert & Uri Simonsohn & Eric-Jan Wagenmakers & Jennifer J. Ware & John P. A, 2017. "A manifesto for reproducible science," Nature Human Behaviour, Nature, vol. 1(1), pages 1-9, January.
    17. 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.
    18. 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.
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    Cited by:

    1. Sakawa, Hideaki & Watanabel, Naoki & Gu, Junjian, 2022. "Internationalization and the reliance of analyst forecasts in stakeholder-oriented corporate governance: Evidence from Japanese MNEs," Pacific-Basin Finance Journal, Elsevier, vol. 73(C).
    2. Robert W. Faff, 2019. "Adopting a Structured Abstract Design to More Effectively Catch Reader Attention: An Application of the Pitching Research® Framework," Capital Markets Review, Malaysian Finance Association, vol. 27(2), pages 1-13.
    3. Robert Faff & Tim Kastelle & Micheal Axelsen & Mark Brosnan & Rebecca Michalak & Kathleen Walsh, 2021. "Pitching research for engagement and impact: a simple tool and illustrative examples," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(2), pages 3329-3383, June.
    4. Robert W. Faff & Sumit Lodhia, 2021. "… More on the use of research templates," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(4), pages 5003-5023, December.

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    More about this item

    Keywords

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

    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

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