John R. M. Hand

University of North Carolina Kenan-Flagler Business School

Professor of Accounting

McColl Building

Chapel Hill, NC 27599-3490

United States

  • University of North Carolina Kenan-Flagler Business School

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    • Tel: 919-962-3173
    • Fax: 919-962-4727
SCHOLARLY PAPERS

42

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186

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268

Scholarly Papers (42)

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1.

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
Texas A&M University - Department of Accounting, University of North Carolina Kenan-Flagler Business School and Yale School of Management
Downloads 5,031 (2,438)
Citation 89

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

2.

Accruals, Cash Flow and Equity Values

Downloads 4,704 ( 2,743)
Citation 91

Accruals, Cash Flow and Equity Values

Number of pages: 44 Posted: 08 Mar 1999
Mary E. Barth, William H. Beaver, John R. M. Hand and Wayne R. Landsman
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 4,704 (2,707)
Citation 91

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Accruals, Cash Flow and Equity Values

Posted: 13 Sep 1999
Mary E. Barth, William H. Beaver, John R. M. Hand and Wayne R. Landsman
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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3.

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 4,140 (3,415)
Citation 66

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4.

The Pricing of Dividends in Equity Valuation

Downloads 3,268 ( 5,103)
Citation 26

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 3,268 (5,006)
Citation 26

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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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5.

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 2,884 (6,295)
Citation 6

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

6.

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
Texas A&M University - Department of Accounting, University of North Carolina Kenan-Flagler Business School and Yale School of Management
Downloads 2,761 (6,736)
Citation 36

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Return predictive signals, supraview, efficient markets

7.

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 2,674 (7,058)
Citation 24

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8.

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

Number of pages: 60 Posted: 29 May 2004
Mary E. Barth, William H. Beaver, John R. M. Hand and Wayne R. Landsman
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 2,321 (8,823)
Citation 30

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Accruals, Valuation, Out-of-sample prediction

9.

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

Number of pages: 40 Posted: 14 Apr 2000
John R. M. Hand
University of North Carolina Kenan-Flagler Business School
Downloads 2,197 (9,652)
Citation 31

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

10.

Diversity Matters/Delivers/Wins Revisited in S&P 500® Firms

Number of pages: 30 Posted: 24 May 2021 Last Revised: 09 Aug 2021
Jeremiah Green and John R. M. Hand
Texas A&M University - Department of Accounting and University of North Carolina Kenan-Flagler Business School
Downloads 1,746 (14,086)

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11.

Constraints on Accrual Components of Earnings in Equity Valuation

Number of pages: 50 Posted: 09 Aug 2002
Mary E. Barth, William H. Beaver, John R. M. Hand and Wayne R. Landsman
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 1,528 (17,251)
Citation 7

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12.

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
Texas A&M University - Department of Accounting, University of North Carolina Kenan-Flagler Business School and Yale School of Management
Downloads 1,162 (25,923)
Citation 4

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Analysts, sophistication, DCF, valuation, errors, judgments

13.

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 1,162 (25,923)
Citation 2

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

14.

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
John R. M. Hand, Joshua G. Coyne, Jeremiah Green and Frank Zhang
University of North Carolina Kenan-Flagler Business School, Truman State University, Texas A&M University - Department of Accounting and Yale School of Management
Downloads 1,161 (25,961)
Citation 10

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Residual income valuation, DCF, sell-side equity analysts

15.

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
Texas A&M University - Department of Accounting, University of North Carolina Kenan-Flagler Business School and University of Southern California - Marshall School of Business
Downloads 1,120 (27,337)
Citation 42

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Accruals anomaly, market efficiency, hedge funds, accounting scholarship

16.

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 985 (32,839)
Citation 4

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17.

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 941 (35,027)
Citation 8

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

18.

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 789 (44,646)
Citation 1

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19.

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 753 (47,514)
Citation 6

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20.

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 750 (47,774)

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

21.

Explaining Firms’ Earnings Announcement Stock Returns Using FactSet and I/B/E/S Data Feeds

Forthcoming in Review of Accounting Studies
Number of pages: 40 Posted: 14 Feb 2018 Last Revised: 23 Mar 2021
John R. M. Hand, Henry Laurion, Alastair Lawrence and Nicholas Martin
University of North Carolina Kenan-Flagler Business School, University of Colorado at Boulder - Department of Accounting, London Business School and Cornerstone Research
Downloads 607 (62,898)
Citation 6

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Signed earnings announcement returns, analyst forecast surprises, management guidance surprises, FactSet, I/B/E/S

22.

Hedge Fund Voluntary Disclosure

Number of pages: 38 Posted: 21 Mar 2015 Last Revised: 11 Nov 2016
Gavin Cassar, Joseph Gerakos, Jeremiah Green, John R. M. Hand and Matthew Neal
INSEAD, Tuck School of Business at Dartmouth College, Texas A&M University - Department of Accounting, University of North Carolina Kenan-Flagler Business School and Unaffiliated Authors (Deceased)
Downloads 594 (64,602)
Citation 2

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

23.

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 590 (65,200)
Citation 5

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

24.

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 552 (70,929)
Citation 1

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

25.

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 Penn
Texas A&M University - Department of Accounting, University of North Carolina Kenan-Flagler Business School and University of Illinois at Urbana-Champaign - College of Business
Downloads 526 (75,306)
Citation 4

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

26.

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 419 (98,703)
Citation 1

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Stock options; Repricing; Canadian firms

27.

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 345 (122,928)
Citation 6

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

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 Texas A&M University - Department of Accounting
Downloads 328 (129,844)
Citation 1

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29.

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 309 (138,206)
Citation 2

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stock options, repricing, Canadian firms

30.

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
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
Downloads 292 (146,584)
Citation 2

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

31.

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

Downloads 240 (178,262)
Citation 4

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
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
Downloads 181 (230,921)
Citation 4

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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
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
Downloads 59 (494,408)

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

32.

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 Cornerstone Research
Downloads 215 (197,805)

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

33.

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 193 (218,341)
Citation 3

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

34.

The Asymmetric Mispricing Information in Analysts’ Target Prices

Number of pages: 40 Posted: 14 Aug 2020 Last Revised: 13 Apr 2022
Jeremiah Green, John R. M. Hand and Anywhere (Siko) Sikochi
Texas A&M University - Department of Accounting, University of North Carolina Kenan-Flagler Business School and Harvard University - Business School (HBS)
Downloads 149 (271,415)

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Analysts, target prices, mispricing, cost of equity

35.

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 125 (310,686)
Citation 3

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Employee compensation, founders, VCs, non-pecuniary benefits

36.

Employee Compensation in Entrepreneurial Companies

Downloads 122 (316,245)
Citation 6

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 119 (323,569)
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 3 (899,256)
Citation 1

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37.

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 94 (376,876)
Citation 3

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

38.

Measuring and Calibrating the Racial/Ethnic Densities of Executives in US Public Companies

Number of pages: 51 Posted: 05 Mar 2021 Last Revised: 12 Aug 2021
Jeremiah Green and John R. M. Hand
Texas A&M University - Department of Accounting and University of North Carolina Kenan-Flagler Business School
Downloads 72 (440,370)
Citation 1

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Executives, race, ethnicity, representation, density, calibratio

39.

Are Hedge Funds Systemically Important?

Journal of Derivatives, Vol. 20, No. 2, 2012, https://doi.org/10.3905/jod.2012.20.2.008
Posted: 20 May 2019
Gregory W. Brown, Jeremiah Green and John R. M. Hand
University of North Carolina (UNC) at Chapel Hill - Finance Area, Texas A&M University - Department of Accounting and University of North Carolina Kenan-Flagler Business School
Downloads 0 (907,349)
Citation 1

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

40.

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

Australian Journal of Management, Vol. 36, No. 1, 2011
Posted: 05 Feb 2012
Christopher Story Armstrong, Tony Davila, George Foster and John R. M. Hand
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

Abstract:

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

41.

The Value Relevance of Financial Statements in the Venture Capital Market

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The Value Relevance of Financial Statements in the Venture Capital Market

Posted: 04 Aug 2004
John R. M. Hand
University of North Carolina Kenan-Flagler Business School

Abstract:

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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

42.

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