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

43

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350

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257

Scholarly Papers (43)

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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 6,287 (2,144)
Citation 179

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

2.

Accruals, Cash Flow and Equity Values

Downloads 4,767 ( 3,453)

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 4,767 (3,403)
Citation 106

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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 4,171 (4,325)
Citation 66

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4.

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 3,296 (6,423)
Citation 26

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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 2,957 (7,610)
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 2,950 (7,652)
Citation 58

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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 2,735 (8,561)
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 2,354 (10,905)
Citation 30

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Accruals, Valuation, Out-of-sample prediction

9.

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 2,338 (11,010)
Citation 3

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10.

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 2,236 (11,847)
Citation 32

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

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 1,551 (20,969)
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 1,307 (27,067)
Citation 9

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Analysts, sophistication, DCF, valuation, errors, judgments

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
John R. M. Hand, Joshua G. Coyne, Jeremiah Green and Frank Zhang
University of North Carolina Kenan-Flagler Business School, Texas Tech University - Area of Accounting, Texas A&M University - Department of Accounting and Yale School of Management
Downloads 1,241 (29,246)
Citation 10

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Residual income valuation, DCF, sell-side equity analysts

14.

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 1,176 (31,616)
Citation 2

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

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 1,173 (31,760)
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 1,013 (39,103)
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 978 (41,096)
Citation 8

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

18.

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 806 (53,648)

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

19.

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 804 (53,810)
Citation 1

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20.

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 791 (55,007)
Citation 6

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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 776 (56,434)
Citation 13

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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 629 (74,134)
Citation 3

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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 612 (76,712)
Citation 6

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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 561 (85,514)

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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 557 (86,264)
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 436 (115,978)
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 372 (139,126)
Citation 9

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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 355 (146,463)
Citation 3

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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 321 (163,173)
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 308 (170,451)
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 279 (188,853)
Citation 5

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 204 (255,096)
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 75 (546,262)

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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 245 (214,951)

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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 218 (240,464)
Citation 3

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

34.

The asymmetric mispricing information in analysts’ target prices

Review of Accounting Studies, forthcoming.
Number of pages: 41 Posted: 14 Aug 2020 Last Revised: 26 Sep 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 200 (260,269)
Citation 1

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Analysts, target prices, mispricing, cost of equity

35.

Does Greater Diversity in Executive Race/Ethnicity Reliably Predict Better Future Firm Financial Performance?

Number of pages: 31 Posted: 28 Sep 2023 Last Revised: 27 Nov 2023
Y Sekou Bermiss, Jeremiah Green and John R. M. Hand
U of North Carolina at Chapel Hill, Texas A&M University - Department of Accounting and University of North Carolina Kenan-Flagler Business School
Downloads 185 (278,993)

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Executive diversity, race/ethnicity, firm financial performance

36.

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 139 (354,656)
Citation 3

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Employee compensation, founders, VCs, non-pecuniary benefits

37.

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 136 (360,722)
Citation 1

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Entrepreneurship, Compensation Contracts, Private firms

38.

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 107 (430,888)
Citation 3

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

39.

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 106 (433,763)
Citation 3

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Executives, race, ethnicity, representation, density, calibratio

40.

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 (1,059,542)
Citation 1

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

41.

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

42.

The Value Relevance of Financial Statements in the Venture Capital Market

Downloads 0 (1,059,542)

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

43.

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