John R. M. Hand

University of North Carolina Kenan-Flagler Business School

Professor of Accounting

McColl Building

Chapel Hill, NC 27599-3490

United States

SCHOLARLY PAPERS

39

DOWNLOADS
Rank 425

SSRN RANKINGS

Top 425

in Total Papers Downloads

40,220

CITATIONS
Rank 1,547

SSRN RANKINGS

Top 1,547

in Total Papers Citations

363

Scholarly Papers (39)

1.
Downloads 4,583 ( 1,593)
Citation 83

Accruals, Cash Flow and Equity Values

Number of pages: 44 Posted: 08 Mar 1999
Stanford University - Graduate School of Business, Stanford University, University of North Carolina Kenan-Flagler Business School and University of North Carolina Kenan-Flagler Business School
Downloads 4,583 (1,562)
Citation 83

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Accruals, Cash Flow and Equity Values

Review of Accounting Studies
Posted: 13 Sep 1999
Stanford University - Graduate School of Business, Stanford University, University of North Carolina Kenan-Flagler Business School and University of North Carolina Kenan-Flagler Business School

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2.

Profits, Losses and the Non-Linear Pricing of Internet Stocks

Number of pages: 48 Posted: 15 Feb 2000
John R. M. Hand
University of North Carolina Kenan-Flagler Business School
Downloads 4,023 (2,002)
Citation 61

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3.
Downloads 3,214 ( 2,995)
Citation 51

The Pricing of Dividends in Equity Valuation

Number of pages: 34 Posted: 13 Aug 1999
John R. M. Hand and Wayne R. Landsman
University of North Carolina Kenan-Flagler Business School and University of North Carolina Kenan-Flagler Business School
Downloads 3,214 (2,931)
Citation 51

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The Pricing of Dividends in Equity Valuation

Journal of Business Finance & Accounting, Vol. 32, No. 3-4, pp. 435-469, April 2005
Posted: 27 Apr 2005
John R. M. Hand and Wayne R. Landsman
University of North Carolina Kenan-Flagler Business School and University of North Carolina Kenan-Flagler Business School

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4.

The Market Valuation of Biotechnology Firms and Biotechnology R&D

Number of pages: 38 Posted: 20 Dec 2001
John R. M. Hand
University of North Carolina Kenan-Flagler Business School
Downloads 2,613 (4,250)
Citation 5

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Equity valuation; biotechnology; financial statement data; R&D

5.

Testing the Ohlson Model: V or Not V, that is the Question

Number of pages: 41 Posted: 11 Sep 1998
John R. M. Hand and Wayne R. Landsman
University of North Carolina Kenan-Flagler Business School and University of North Carolina Kenan-Flagler Business School
Downloads 2,570 (4,360)
Citation 17

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6.

The Characteristics that Provide Independent Information about Average U.S. Monthly Stock Returns

Number of pages: 80 Posted: 09 May 2013 Last Revised: 16 Oct 2016
Jeremiah Green, John R. M. Hand and Frank Zhang
Pennsylvania State University, University of North Carolina Kenan-Flagler Business School and Yale School of Management
Downloads 2,493 (4,581)
Citation 1

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Firm characteristics; anomalies; cross-section; average U.S. monthly returns

7.

Accruals, Accounting-Based Valuation Models, and the Prediction of Equity Values

Number of pages: 60 Posted: 29 May 2004
Stanford University - Graduate School of Business, Stanford University, University of North Carolina Kenan-Flagler Business School and University of North Carolina Kenan-Flagler Business School
Downloads 2,244 (5,486)
Citation 31

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Accruals, Valuation, Out-of-sample prediction

8.

The Role of Economic Fundamentals, Web Traffic, and Supply and Demand in the Pricing of U.S. Internet Stocks

EFA 0320
Number of pages: 40 Posted: 14 Apr 2000
John R. M. Hand
University of North Carolina Kenan-Flagler Business School
Downloads 2,101 (6,115)
Citation 32

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Internet stocks; economic fundamentals; web traffic; supply and demand.

9.

The Supraview of Return Predictive Signals

Review of Accounting Studies, Forthcoming
Number of pages: 49 Posted: 18 May 2012 Last Revised: 17 Jan 2013
Jeremiah Green, John R. M. Hand and Frank Zhang
Pennsylvania State University, University of North Carolina Kenan-Flagler Business School and Yale School of Management
Downloads 2,032 (6,466)
Citation 6

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Return predictive signals, supraview, efficient markets

10.

Constraints on Accrual Components of Earnings in Equity Valuation

Number of pages: 50 Posted: 09 Aug 2002
Stanford University - Graduate School of Business, Stanford University, University of North Carolina Kenan-Flagler Business School and University of North Carolina Kenan-Flagler Business School
Downloads 1,493 (10,842)
Citation 2

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11.

The Value Relevance of Financial Statements in Private Equity Markets

Number of pages: 46 Posted: 08 Jan 2004
John R. M. Hand
University of North Carolina Kenan-Flagler Business School
Downloads 1,128 (16,818)
Citation 1

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Biotechnology, financial statements, firm maturity, investment opportunities, non-financial statement information, private equity, value relevance, venture capital

12.

Going, Going, Gone? The Demise of the Accruals Anomaly

Management Science, May 2011, vol. 57, no. 5, 797-816
Number of pages: 41 Posted: 19 Dec 2009 Last Revised: 17 Jan 2013
Jeremiah Green, John R. M. Hand and Mark T. Soliman
Pennsylvania State University, University of North Carolina Kenan-Flagler Business School and University of Southern California - Marshall School of Business
Downloads 988 (20,507)
Citation 18

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Accruals anomaly, market efficiency, hedge funds, accounting scholarship

13.

The Use of Residual Income Valuation Methods by U.S. Sell-Side Equity Analysts

Number of pages: 46 Posted: 21 Jan 2015 Last Revised: 25 Aug 2016
University of North Carolina Kenan-Flagler Business School, University of Memphis - School of Accountancy, Pennsylvania State University and Yale School of Management
Downloads 946 (21,919)

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Residual income valuation, DCF, sell-side equity analysts

14.

Tax Planning in Initial Public Offerings: The Case of Equity Carve-Outs

Number of pages: 45 Posted: 01 May 1999
John R. M. Hand and Terrance R. Skantz
University of North Carolina Kenan-Flagler Business School and University of Texas - Arlington
Downloads 926 (22,589)
Citation 2

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15.

The Economic Versus Accounting Impacts of R&D on U.S. Market-to-Book Ratios

Number of pages: 32 Posted: 25 Sep 2001
John R. M. Hand
University of North Carolina Kenan-Flagler Business School
Downloads 887 (24,053)
Citation 6

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R&D; Market-to-book ratio; Profitability; Conservative accounting

16.

Errors and Questionable Judgments in Analysts' DCF Models

Review of Accounting Studies, Forthcoming
Number of pages: 42 Posted: 01 Apr 2014 Last Revised: 31 Jan 2016
Jeremiah Green, John R. M. Hand and Frank Zhang
Pennsylvania State University, University of North Carolina Kenan-Flagler Business School and Yale School of Management
Downloads 855 (25,368)

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Analysts, sophistication, DCF, valuation, errors, judgments

17.

Two Roles for Summary Accounting Data in Explaining Takeover Premia

Number of pages: 22 Posted: 13 Aug 1999
John R. M. Hand and Luann J. Lynch
University of North Carolina Kenan-Flagler Business School and University of Virginia - Darden School of Business
Downloads 778 (28,932)
Citation 1

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18.

The Market-Timing Characteristics of Equity Carve-Outs

Number of pages: 30 Posted: 25 May 1999
John R. M. Hand and Terrance R. Skantz
University of North Carolina Kenan-Flagler Business School and University of Texas - Arlington
Downloads 696 (33,690)
Citation 7

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19.

Evidence on the Winner-Takes-All Business Model: The Profitability Returns-to-Scale of Expenditures on Intangibles Made by U.S. Internet Firms, 1995-2001

Number of pages: 33 Posted: 27 Nov 2001
John R. M. Hand
University of North Carolina Kenan-Flagler Business School
Downloads 661 (36,130)
Citation 5

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Winner-takes-all business model; Inernet firms; Intangibles; Increasing profitability returns-to-scale

20.

Determinants of the Round-to-Round Returns to Pre-Ipo Venture Capital Investments in U.S. Biotechnology Companies

Number of pages: 44 Posted: 08 Jan 2004
John R. M. Hand
University of North Carolina Kenan-Flagler Business School
Downloads 542 (46,859)
Citation 8

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Biotechnology; book-to-market; firm size; growth options; risk; round-to-round returns; venture capital

21.

CEO Compensation in Venture Capital Markets

Number of pages: 41 Posted: 03 Jan 2008
Ola Bengtsson and John R. M. Hand
Lund University School of Economics and Management and University of North Carolina Kenan-Flagler Business School
Downloads 513 (50,413)
Citation 3

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CEO compensation, Successful equity financing, Pay-for-Performance, Private venture-backed companies

22.

Hedge Fund Voluntary Disclosure

Number of pages: 38 Posted: 21 Mar 2015 Last Revised: 11 Nov 2016
INSEAD, Tuck School of Business at Dartmouth College, Pennsylvania State University, University of North Carolina Kenan-Flagler Business School and Unaffiliated Authors (Deceased)
Downloads 491 (53,051)

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Voluntary disclosures; hedge funds; investor letters; proprietary costs; agency costs

23.

Business Press Coverage and the Market Pricing of Good and Bad News

Number of pages: 40 Posted: 08 Mar 2011 Last Revised: 18 Jan 2014
Jeremiah Green, John R. M. Hand and Michael W. Penn
Pennsylvania State University, University of North Carolina Kenan-Flagler Business School and Florida State University - Department of Accounting
Downloads 454 (58,560)

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news dissemination, bad news, journalist, visibility, attention, information

24.

Are Hedge Funds Systemically Important?

Journal of Derivatives, Vol. 20, No. 2, 2012
Number of pages: 33 Posted: 09 Oct 2010 Last Revised: 17 Jan 2013
Gregory W. Brown, Jeremiah Green and John R. M. Hand
University of North Carolina (UNC) at Chapel Hill - Finance Area, Pennsylvania State University and University of North Carolina Kenan-Flagler Business School
Downloads 417 (64,940)
Citation 1

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Financial Crisis, Hedge Funds, Systemic Risk, Short Selling, Derivatives

25.

The Stock Price Reaction to Repricing Employee Stock Options

Number of pages: 22 Posted: 27 Nov 2001
John R. M. Hand, Barbara M. Grein and Kenneth J. Klassen
University of North Carolina Kenan-Flagler Business School, Drexel University - Department of Accounting and Tax and University of Waterloo - School of Accounting and Finance
Downloads 407 (66,882)
Citation 6

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Stock options; Repricing; Canadian firms

26.

Give Everyone a Prize? Employee Stock Options in Private Venture-Backed Firms

Number of pages: 43 Posted: 06 Oct 2004
John R. M. Hand
University of North Carolina Kenan-Flagler Business School
Downloads 322 (87,744)
Citation 2

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Broad-based employee stock options, Equity valuation, Private firms, Venture Capital

27.

The Stock Price Reactions to the Repricing of Employee Stock Options

Number of pages: 38 Posted: 02 May 2003
Barbara M. Grein, John R. M. Hand and Kenneth J. Klassen
Drexel University - Department of Accounting and Tax, University of North Carolina Kenan-Flagler Business School and University of Waterloo - School of Accounting and Finance
Downloads 298 (95,620)
Citation 6

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stock options, repricing, Canadian firms

28.

The Importance of Accounting Information in Portfolio Optimization

Journal of Accounting, Auditing & Finance, January 2011, Vol. 26, Issue 1, p. 1
Number of pages: 31 Posted: 18 Jan 2013
John R. M. Hand and Jeremiah Green
University of North Carolina Kenan-Flagler Business School and Pennsylvania State University
Downloads 281 (101,885)

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29.

U.S. Public and Private Venture Capital Markets, 1998-2001: A Fundamental Information Analysis

IESE Business School Working Paper No. 599
Number of pages: 57 Posted: 16 Jan 2006
Chris Armstrong, Tony Davila, George Foster and John R. M. Hand
University of Pennsylvania - Accounting Department, University of Navarra - IESE Business School, Stanford Graduate School of Business and University of North Carolina Kenan-Flagler Business School
Downloads 277 (103,329)

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capital markets, stock prices, internet stocks, stock market bubble

30.

Analyst Forecast Data Feeds Are Not What They Used to Be

Number of pages: 52 Posted: 14 Feb 2018 Last Revised: 15 Aug 2018
University of North Carolina Kenan-Flagler Business School, University of Colorado at Boulder - Department of Accounting, London Business School / University of California, Berkeley and University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
Downloads 238 (120,984)

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Analyst forecasts, data feeds, FactSet, I/B/E/S, information content

Market-to-Revenue Multiples in Public and Private Capital Markets

Number of pages: 57 Posted: 30 Mar 2011
Chris Armstrong, Tony Davila, George Foster and John R. M. Hand
University of Pennsylvania - Accounting Department, University of Navarra - IESE Business School, Stanford Graduate School of Business and University of North Carolina Kenan-Flagler Business School
Downloads 152 (182,764)
Citation 1

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Market-to-Revenue Multiple, Price-to-Sales Ratio, Public Companies, Private Companies, Venture Capital, Internet Companies, Transitory Revenue

Market-to-Revenue Multiples in Public and Private Capital Markets

Australian Journal of Management, Vol. 36, No. 1, pp. 15-57, 2011
Number of pages: 44 Posted: 05 May 2011
Chris Armstrong, Tony Davila, George Foster and John R. M. Hand
University of Pennsylvania - Accounting Department, University of Navarra - IESE Business School, Stanford Graduate School of Business and University of North Carolina Kenan-Flagler Business School
Downloads 49 (376,655)
Citation 1

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internet companies, market-to-revenue multiple, price/sales ratio, private companies, public companies, transitory revenue, venture capital

32.

What Drives the Top Line? Nonfinancial Determinants of Sales Revenue in Private Venture-Backed Firms

Number of pages: 30 Posted: 29 Dec 2005
John R. M. Hand
University of North Carolina Kenan-Flagler Business School
Downloads 142 (192,840)
Citation 1

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Compensation policies, employees, patents, private firms, revenue forecasts

33.

Biases in Analysts' Multiyear Forecasted Income Statements, Balance Sheets, and Cash Flow Statements

Number of pages: 48 Posted: 15 Jul 2017
John R. M. Hand and Nicholas Martin
University of North Carolina Kenan-Flagler Business School and University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
Downloads 109 (235,929)

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Forecasted financial statements, multiyear, long-horizon, analysts, biases

34.

Employee Compensation in Venture-Backed Firms

Number of pages: 34 Posted: 09 Sep 2010
Ola Bengtsson and John R. M. Hand
Lund University School of Economics and Management and University of North Carolina Kenan-Flagler Business School
Downloads 104 (243,838)
Citation 4

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Employee compensation, founders, VCs, non-pecuniary benefits

35.
Downloads 102 (247,201)
Citation 1

Employee Compensation in Entrepreneurial Companies

IFN Working Paper No. 922, UNC Kenan-Flagler Research Paper No. 2013-22
Number of pages: 45 Posted: 24 Nov 2012
Ola Bengtsson and John R. M. Hand
Lund University School of Economics and Management and University of North Carolina Kenan-Flagler Business School
Downloads 100 (252,222)
Citation 1

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Entrepreneurship, Compensation Contracts, Private firms

Employee Compensation in Entrepreneurial Companies

Journal of Economics & Management Strategy, Vol. 22, Issue 2, pp. 312-340, 2013
Number of pages: 29 Posted: 05 Apr 2013
Ola Bengtsson and John R. M. Hand
Lund University School of Economics and Management and University of North Carolina Kenan-Flagler Business School
Downloads 2 (626,574)
Citation 1
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36.

Time to Grow Up: Large Sample Evidence on the Maturation Dynamics of Private Venture-Backed Firms

Number of pages: 38 Posted: 28 Dec 2005
John R. M. Hand
University of North Carolina Kenan-Flagler Business School
Downloads 91 (266,427)
Citation 1

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Growth dynamics; maturation; private firms; venture-backed companies

37.

Market-to-Revenue Multiples in Public and Private Capital Markets

Australian Journal of Management, Vol. 36, No. 1, 2011
Posted: 05 Feb 2012
Stanford Graduate School of Business, University of Navarra - IESE Business School, Stanford Graduate School of Business and University of North Carolina Kenan-Flagler Business School

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internet companies, market-to-revenue multiple, price/sales ratio, private companies, public companies, transitory revenue, venture capital

The Value Relevance of Financial Statements in the Venture Capital Market

Accounting Review, April 2005
Posted: 04 Aug 2004
John R. M. Hand
University of North Carolina Kenan-Flagler Business School

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Biotechnology, financial statements, firm maturity, investment opportunities, non-financial statement information, private equity, value relevance, venture capital

The Value Relevance of Financial Statements in the Venture Capital Market

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 24 Nov 2009
John R. M. Hand
University of North Carolina Kenan-Flagler Business School

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Generally Agreed Accounting Principles (GAAP), Biotechnology industry, Startups, Venture capital, Valuation, Initial public offerings (IPO), Financial documents, Equity financing, Firm growth

39.

The Profitability and Returns-to-Scale of Expenditures on Intangibles Made by Publicly Traded U.S. Firms, 1980-2000

INTANGIBLE ASSETS, J.R.M. Hand and B. Lev, eds., Oxford University Press, 2002
Posted: 21 Jun 2003
John R. M. Hand
University of North Carolina Kenan-Flagler Business School

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Intangibles, NPV profitability, Increasing profitability returns-to-scale