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Beisland, Leif Atle; Mersland, Roy & Nyarko, Samuel Anokye
(2022).
Lending to Women and Lending Risk in Micro-Banks: The Moderating Effects of Patriarchy and Female Leadership.
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Djan, Kwame Ohene; Nyarko, Samuel Anokye; Mersland, Roy; Beisland, Leif Atle & Nakato, Linda
(2019).
The Impact of International Ownership on the Performance of Social Enterprises: A Global Survey of Microfinance Shareholder Firms.
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Beisland, Leif Atle; Djan, Kwame & Mersland, Roy
(2019).
What Drives the Social Scores in Microfinance Ratings?
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Beisland, Leif Atle; Mersland, Roy; Nyarko, Samuel Anokye; Nakato, Linda & Ohene Djan, Kwame
(2018).
The Impact of International Ownership on the Performance of Microfinance Institutions: A Global Survey.
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Zamore, Stephen; Beisland, Leif Atle & Mersland, Roy
(2018).
Non-performing loans and efficiency of microfinance institutions.
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Zamore, Stephen; Beisland, Leif Atle & Mersland, Roy
(2018).
Geographic diversification and credit risk in microfinance.
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Zamore, Stephen; Beisland, Leif Atle & Mersland, Roy
(2017).
Non-performing loans and efficiency of microfinance institutions.
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Beisland, Leif Atle; Mersland, Roy & Strøm, R. Øystein
(2017).
Audit Quality and Access to Debt Capital: A Global Survey of the Microfinance Industry.
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Beisland, Leif Atle; Ndaki, Daudi Pascal & Mersland, Roy
(2017).
Capital Structure and CEO Tenure in Microfinance Organizations.
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Mersland, Roy; Beisland, Leif Atle & Pascal, Daudi
(2017).
The Origin of Chief Executive Officers and Performance in Hybrid Businesses: The Case of Microfinance.
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Zamore, Stephen; Beisland, Leif Atle & Mersland, Roy
(2016).
Geographic diversification and credit risk in microfinance.
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Beisland, Leif Atle; Mersland, Roy & Strøm, R. Øystein
(2016).
Use of Big Four auditors and fund raising: Evidence from developing and emerging markets.
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Beisland, Leif Atle; Mersland, Roy & Ndaki, Daudi Pascal
(2016).
The influence of CEO power on agency costs for non-profit organisations: evidence from the global microfinance industry.
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Ndaki, Daudi Pascal; Beisland, Leif Atle & Mersland, Roy
(2016).
The origin of CEOs and its influence on microfinance performance and risk-taking.
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Ndaki, Daudi Pascal; Beisland, Leif Atle & Mersland, Roy
(2016).
The origin of CEOs and its influence on the microfinance performance and risk-taking.
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Beisland, Leif Atle; Mersland, Roy & D'Espallier, Bert
(2015).
The commercialization of the microfinance industry: Is there a 'personal mission drift' among credit officers?
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Beisland, Leif Atle; Mersland, Roy & D'Espallier, Bert
(2015).
The commercialization of the microfinance industry: Is there a 'personal mission drift' among the credit officers?
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Beisland, Leif Atle & Mersland, Roy
(2014).
Microfinance inclusion: A case study of disabled clients in an Ecuadorian bank.
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Beisland, Leif Atle; Mersland, Roy & Randøy, Trond
(2013).
Corporate Governance and Microfinance Performance: A Rating Score Approach.
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Mersland, Roy; Beisland, Leif Atle & Randøy, Trond
(2013).
The Effect of Corporate Governance on Microfinance Rating Scores.
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Mersland, Roy; Beisland, Leif Atle & Randøy, Trond
(2013).
Transparency in microfinance.
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Mersland, Roy; Beisland, Leif Atle & Randøy, Trond
(2013).
The Effect of Corporate Governance on Microfinance Rating Scores.
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Beisland, Leif Atle; Mersland, Roy & Strøm, R. Øystein
(2013).
Audit Quality and Corporate Governance: Evidence from the Microfinance Industry.
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Beisland, Leif Atle & Mersland, Roy
(2013).
Staff Characteristics and the Exclusion of Persons with Disabilities: Evidence from the Microfinance Industry in Uganda.
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Mersland, Roy & Beisland, Leif Atle
(2012).
Barriers to microfinance for people with disabilities - the staff perspective.
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Beisland, Leif Atle & Mersland, Roy
(2012).
Barriers to microfinance for people with disabilities - the staff perspective.
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Beisland, Leif Atle; Strøm, R. Øystein & Mersland, Roy
(2012).
Audit Quality and Corporate Governance: Evidence from the Microfinance Industry.
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Beisland, Leif Atle; Mersland, Roy & Strøm, R. Øystein
(2012).
Audit Quality and Corporate Governance: Evidence from the Microfinance Industry.
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Beisland, Leif Atle & Mersland, Roy
(2012).
Earnings Quality and Regulation: Evidence from the Microfinance Industry.
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Beisland, Leif Atle & Mersland, Roy
(2012).
Earnings Quality and Regulation: Evidence from the Microfinance Industry.
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Frestad, Dennis & Beisland, Leif Atle
(2011).
Implications of firm heterogeneity for the accounting of cash flow hedges under SFAS 133.
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Beisland, Leif Atle & Mersland, Roy
(2011).
Earnings Quality in Non-Profit versus For-Profit Organizations: Evidence from the Microfinance Industry.
Show summary
This study uses the microfinance industry to analyze differences in earnings quality between for-profit and non-profit organizations. The two sets of organizations differ with respect to both governance mechanisms and managerial incentives, and little research has been conducted to investigate how such differences may affect the quality of the financial reporting. We find that earnings are smoother and more predictable in for-profit organizations compared to their non-profit counterparts. The results are consistent with a larger demand for high-quality financial reporting in for-profit organizations (the demand hypothesis). However, several earnings quality tests do not find any difference in earnings quality between the two groups of organizations. The latter results may suggest that managers of for-profit organizations have larger private incentives to influence the financial reporting process (the opportunistic behavior hypothesis), thus, dampening the effect of the higher demand for earnings quality in profit-maximizing entities.
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Beisland, Leif Atle & Mersland, Roy
(2011).
Barriers to Microfinance for Disabled Persons: Evidence from Uganda.
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Beisland, Leif Atle & Mersland, Roy
(2011).
Earnings Quality in Non-Profit versus For-Profit Organizations: Evidence from the Microfinance Industry.
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Frestad, Dennis & Beisland, Leif Atle
(2011).
Implications of firm heterogeneity for the accounting of cash flow hedges under SFAS 133.
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Beisland, Leif Atle & Mersland, Roy
(2011).
Earnings Quality in the Microfinance Industry.
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Mersland, Roy & Beisland, Leif Atle
(2010).
Earning Quality in the Microfinance Industry.
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Beisland, Leif Atle & Hamberg, Mattias
(2010).
Variations in the Value Relevance of Accounting Information.
Show summary
Accounting conservatism limits the ability to capitalize investments in valuable resources. Most investments give rise to future cash inflows, and, as a result, firms that immediately expense investments introduce distortions in the association between reported earnings and value. We show that these unsustainable earnings components affect the measures of accounting information?s value relevance. Value relevance varies over time, and, in particular, firms that immediately expense investments experience considerably more variance. These firms provide less value-relevant information in good times when reported earnings are unrepresentatively low. We also find that value relevance is negatively associated with stock market sentiment.
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Beisland, Leif Atle & Knivsflå, Kjell Henry
(2010).
Have IFRSs changed how investors respond to earnings and book values?
Show summary
Firms listed on European stock exchanges are required to report according to International Financial Reporting Standards, IFRS, from 2005. We choose a Norwegian sample to examine whether this shift from domestic GAAP to IFRS has changed how investors respond to accounting information. We find that while the association between stock prices and book values has increased after IFRS adoption, the earnings response coefficient has decreased. The increased associa-tion between book value and stock market value is attributed to more measure-ment at fair value. However, increased recognition of intangible assets according to IFRS moderates the positive balance sheet effect accredited to fair value. The reduced investor response to earnings is found to be driven by non-recurring items. Thus, fair value revaluations hurt the value relevance of earnings. Increased recognition of intangible assets, by contrast, moderates the negative effect on earnings response coefficients attributed to fair value, suggesting that capitaliza-tion of intangible assets at cost contributes to increased earnings persistence through better matching of investment expenditures with corresponding revenues in the future.
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Mersland, Roy & Beisland, Leif Atle
(2009).
The use of microfinance series among economically active disabled people - evidence from Uganda.
Show summary
This study investigates the use of microfinance services among economically active disabled people in Uganda. The findings suggest that disabled people make more use of microfinance services than previously assumed. A total of 89 per cent of the survey?s respondents state that they have used at least one type of microfinance service. Informal self-help schemes are more easily accessed than formal institutional schemes, and disabled people access more savings than loans. The multivariate analysis shows that access to microfinance services is positively related to education level. In addition, deaf people generally have less access to microfinance than those in other disability categories.
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Beisland, Leif Atle
(2009).
Is the value relevance of accounting information consistently underestimated?
Show summary
Two decades ago, Lev (1989) suggested that there is a remarkably low association between stock returns and earnings. Prior research has proposed several reasons for the seemingly poor value relevance of accounting earnings. For instance, Hayn (1995) and Joos and Plesko (2005) find that the value relevance of accounting information is sign dependent, and they propose that one has to account for the sign of earnings in empirical value relevance studies. In addition, Ohlson and Penman (1992) and Barth, Beaver, Hand and Landsman (2005), among others, document that value relevance increases if accounting earnings is disaggregated into components. My study further investigates the sign and aggregation effect in value relevance studies. I find that the value relevance of accounting earnings increases dramatically both if earnings are disaggregated into cash flow and accruals items and if the sign of bottom line earnings is accounted for. Specifically, value relevance as measured by explanatory power more than doubles when earnings are disaggregated and a dummy variable for the sign of earnings is included in the regression analyses. The study strongly suggests that the value relevance of accounting earnings may be severely understated if the sign effect and the disaggregation effect are disregarded. However, my study also shows that value relevance may not be equally underestimated across sub-samples. Hence, the conclusions of prior studies that have compared value relevance between sub-samples created from different time-periods, industries, countries, etc. may be biased.
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Beisland, Leif Atle & Mersland, Roy
(2009).
Do disabled people microfinance?
Show summary
This study investigates the use of microfinance services among economically active disabled people. The findings suggest that disabled persons have easier access to microfinance services than previously assumed. A total of 89% of the survey¿s respondents state that they have used at least one type of microfinance services. The findings indicate that disabled people don¿t differ much from non-disabled people in their access to microfinance. For instance, informal self-help schemes are more easily accessed by disabled people than are formal institutional schemes, and disabled people access more savings than loans. Moreover, the multivariate analysis shows that access to microfinance services is positively related to education level and that women are more likely than men and married people are more likely than unmarried people to use microfinance services. Income from farming is generally negatively related to the use of microfinance services.
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Beisland, Leif Atle
(2009).
Predictive ability and value relevance of accounting measures.
Show summary
This paper presents evidence that the earnings component cash flow is a significant predictor of short term firm performance as measured by future cash flow and earnings. The findings also assert that the accrual component is related to future earnings but not to future cash flow. However, both cash flow and accruals are value relevant, i.e., statistically related to current stock return. Because company value is the present value of future cash flows/earnings, studies on accounting variables¿ relation to short term future cash flows and earnings may provide indirect evidence with respect to the variables¿ value relevance. The analysis shows that while prediction tests may provide indications with respect to value relevance, there is not a one-to-one relationship between cash flow and accruals¿ ability as short term cash flow and earnings predictors and their value relevance. In fact, cash flow and/or earnings prediction analyses may act as poor substitutes for value relevance studies.
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Beisland, Leif Atle
(2008).
The Value Relevance of Accounting Information across Industries: What happened to the New Economy?
Show summary
We investigate differences in the value relevance of accounting information between companies located in traditional and non-traditional industries using a large sample of Swedish quoted companies. Using both ¿price level¿ and ¿return¿ models we find no evidence that the mean explanatory power of accounting information is worse in non-traditional industries. While ¿price level¿ models reveal a low variance in value relevance over time for traditional industries, there is a substantial variation for non-traditional industries. We link these variations to market sentiments and show that in good times (positive market sentiments) the relative value relevance of non-traditional industries is low, and vice versa in bad times. Finally, we show that while measures of sustainable earnings have incremental value relevance, its benefits are similar in traditional and non-traditional industries.
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Beisland, Leif Atle
(2009).
Essays on the value relevance of accounting information.
Norges Handelshøyskole.
