Prof David M Power

• Financial Decision Analysis
• Financial Management
• Financial Statement Analysis
• Security Analysis and Portfolio Management
• Corporate Finance

Publications since 2008

Refereed papers

•  “Accounting education, socialisation and the ethics of business”, Business Ethics: A European Review, 20(1), 2011, pp12-29.  (with D.J.Collison, J.Ferguson and L.A.Stevenson)
•  “A cross-country analysis of IFRS reconciliation statements”, Journal of Applied Accounting Research, 12, 2011, pp26-42. (with S.G.M.Fifield, G.Finningham and A.M.Fox)
•  “The impact of introductory financial courses on student perceptions about business and its objectives: A comparison of the UK and Japan”, Accounting Forum, 35(1), 2011, pp44-60. (withD.J.Collison, R.J.Ferguson, Y.Kozuma and L.A.Stevenson)
•  “Legal determinants of external finance revisited: The inverse relationship between investor protection and societal well-being”, Journal of Business Ethics, on-line, 2011. http://strathprints.strath.ac.uk/28106/ (with S.R.Cross,,D.J.Ferguson,,D.J.Collison and L.A.Stevenson)
•  “Voluntary disclosure and risk in an emerging market”, Journal of Accounting in Emerging Markets, 1(1), 2011, pp33-52, (with O.A.G.Hassan, G.Giorgioni and P.Romilly)
• “Management views about dividend policy in Pakistan”, Managerial Finance, 37(10), 2011, pp953-970, (with B.M.Burton and N.Khan)
•  “Evidence on Irish financial analysts' and fund managers' views about dividends”, Qualitative Research in Financial Markets, 2(2), 2010, pp80-99. (with B.M.Burton, A.Boyle, A.Broderick and T.McCluskey)
•  “An analysis of the factors that influence firms' disclosure about derivatives usage in their corporate reports”, The International Journal of Accounting & Finance, 2(3/4), 2010, pp237-253, (with T.M.Dunne and C.V.Helliar)
•  “The views of 'Knowledge Gatekeepers' about the use and content of accounting textbooks”, Accounting Education, 19(5), 2010 pp501-525, (with D.J.Collison, J.Ferguson and L.A.Stevenson)
•  “Introductory financial accounting students' views of course texts”, International Journal of Management Education, 9(1), 2010, pp81-90, (with D.J.Collison, J.Ferguson and L.A.Stevenson)
• “The usefulness of accounting information: Evidence from the Egyptian market”, Qualitative Research in Financial Markets, 1, 2009, pp125-141, (with O.Hassan)
• “The value relevance of disclosure: Evidence from the emerging capital market of Egypt”, International Journal of Accounting, 44(1), 2009, pp79-102, (with O.A.G.Hassan, P. Romilly and G.Giorgioni)
• “Thin trading, market efficiency tests and the Nigerian Stock Exchange”, Journal of Emerging Markets, 14(3), 2009, pp7-19, (with R.A.Brown, S.G.M.Fifield and B. Tijjani)  
• “FTSE4Good: Exploring its implications for corporate conduct”,  Accounting, Auditing and Accountability Journal, 25(1), 2009, pp35-58,  (with G. Cobb, D.J.Collison and L.A.Stevenson)
• “Constructing meaning in the service of power: An analysis of the typical modes of ideology in accounting textbooks”, Critical Perspectives on Accounting, 20, 2009, pp896-909, (with D.J.Collison, J.Ferguson and L.A.Stevenson)
•  “The appraisal of equity investments by Nigerian investors”, Qualitative Research in Financial Markets, 1(1), 2009, pp6-26. (with S.G.M.Fifield and B. Tijjani)
• "The Performance of Moving Average Rules in Emerging Stock Markets", Applied Financial Economics, 18, 2008, pp1515-1532, (with S.G.M.Fifield and D.G.S.Knipe)
• "An Investigation of the Benefits of Portfolio Investment in Central and Eastern European Stock Markets", Research in International Business and Finance, 22(2), 2008, pp162-174, (with S.G.M.Fifield and C.A.J. Middleton)
• "The Financial Performance of FTSE4Good Indices", Corporate Social Responsibility and Environmental Management, 15, 2008, pp14-28, (with G. Cobb, D.J.Collison and L.A.Stevenson)
• “The long-term inflation hedging effectiveness of real estate and financial assets: A New Zealand investigation”, Studies in Economics and Finance, 25(4), 2008, pp267-278, (with A.Gunasekarage and T.T.Zhou)

Refereed research monograph

• Politics or Accounting Principles: Why was IFRS 8 so Controversial?, ICAEW, London, 2010, 31pp, (with C.V.Helliar and L.Crawford)
• An analysis of the role of the textbook in the construction of accounting knowledge, ICAS, Edinburgh, 2008, 224pp,(with D.J.Collison, J.Ferguson and L.A.Stevenson)
• The Implication of IFRS in the UK, Italy and Ireland, ICAS, Edinburgh, 2008, 201pp, (with T.M.Dunne, G.Finningham, S.G.M.Fifield, A.M.Fox, G.Hannah, C.V.Helliar and M.Veneziani)

Contributions to edited volumes

•  “African equity markets”, guest editors of Special Issue Managerial Finance, 37(3), 2011, pp191-295, (with S.G.M.Fifield)

 Further contributions

•  “IFRS 8 adoption linked to changes in the number of segments reported”, CA Magazine, ICAS. Edinburgh, 2010, (with H.Extance, C.V.Helliar and L.Crawford)

 Selected Publications Prior to 2008

• "An analysis of the distribution of extremes in indices of share returns in the US, UK and Japan from 1963 to 2000", International Journal of Finance & Economics, 11(2), 2006, pp97-113, (with R.A.Brown, G.Gettinby and C.D.Sinclair)
• "Practitioners' Perspectives on the IPO Process and the Perils of Flotation", European Journal of Finance, 2006, 12(8), pp671-692, (with B.M.Burton, C.V.Helliar)
• "Practitioners' Perspectives on the Seasoned Equity Offering Process", British Accounting Review, 2005, 37(2), pp153-176, (with B.M.Burton, C.V.Helliar)
• "What are recommended accounting textbooks teaching students about corporate stakeholders?", The British Accounting Review, 37(1), 2005, pp23-46, (with D.J.Collison, J.Ferguson, L.Stevenson)
• "An Analysis of Trading Strategies in Eleven European Stock Markets", European Journal of Finance, 11(6), 2005, pp1-18, (with S.G.M. Fifield and C.D.Sinclair)
• "The Role of Corporate Governance in the IPO Process: A Note", Corporate Governance: An International Review, 2004, 12, pp.353-360, (with B.M.Burton, C.V.Helliar)
• "An analysis of the stock market impact of environmental performance information" Accounting Forum, 28, 2004, pp7-26, (with D.J. Collison and N. Lorraine)
• "Insider trading growth opportunities and the market reaction to new financial announcements", European Journal of Finance, 9 August 2003, pp301-322, (with B.M. Burton and  A.A.Lonie)
• "Social and environmental disclosure and corporate characteristics: A research note and extension", Journal of Business Finance and Accounting, 28, 2000, pp327-356, (with C.D.Sinclair, R.H.Gray and M.Javad)

Research Interests

• Emerging Stock Market Performance
• Segmental Reporting
• Market Efficiency
• Market Based Accounting Research
• Financialisation

Research Grants

• D.J.Collison, D.M.Power and L.A.Stevenson (with S.Cross and R.J.Ferguson): “Shareholder Privacy in UK Corporate Law: An Exploration of the Rationale and Evidence”, ACCA, £11,500, (2009/10), 14 months
• L.Crawford, C.V.Helliar and D.M.Power: “IFRS8: An Analysis of the Impact of IFRS 8 Compliance on the Published Financial Statements of UK Companies: An Analysis of Disclosures and an Investigation of User, Preparer and Auditor Perceptions”, ICAS, £14,070, (2010/11).
• L.Crawford, C.V.Helliar and D.M.Power: “IFRS8 Exploring Stakeholder Perceptions of the New Standard and its EC Endorsement Process”, ICAEW, £3,750, (2008/10).

External Responsibilities

• External Examiner at Aberdeen University, Abertay University, Glasgow University
• BAA Scottish Area Representative
• Member of the BAA Special Interest Group on Corporate Governance
• Editorial Board of Journal of International Accounting, Auditing & Taxation
• Editorial Board of Studies in Economics and Finance
• Editorial Board of Journal of Business Finance and Accounting

Postgraduate Supervision

Supervisor to 3 PhD students, 1 Research MAcc student and 2 Taught MAcc students.