Advances in Quantitative Analysis of Finance and Accounting, NewSeriesis a continuation (with new features) ofthe similarly titled book series that was previously published by JAIPress from 1991. AQAFANS is an annual publication designed todisseminate developments in the quantitative analysis of finance andaccounting. It is a forum for statistical and quantitative analyses ofissues in finance and accounting, as well as applications ofquantitative methods to problems in financial management, financialaccounting, and business management. The objective is to promoteinteraction between academic research in finance and accounting,applied research in the financial community, and the accountingprofession.