Dr Mark Aleksanyan

  • Senior Lecturer (Accounting & Finance)

email: Mark.Aleksanyan@glasgow.ac.uk

R467 Level 4, Gilbert Scott Building, Glasgow, G12 8qq

Import to contacts

ORCID iDhttps://orcid.org/0000-0001-7826-1452

Biography

Mark joined the University of Glasgow in September 2004, having previously worked as a lecturer in Leeds Metropolitan University Business School. He obtained his first degree in Mathematical Economics in 1997 from Yerevan State Institute of Economy. He obtained his postgraduate masters degree MPhil in International Finance in 2000, and received PhD in Accounting and Finance in 2004, both from the University of Glasgow. Throughout 1996-1999, prior to his academic career, he worked in Armenia, where he held various positions in a financial services firm, the Ministry of Finance and Economy and then the Government of Armenia. His main research interests concern the decision-making behaviour and practice of financial analysts and other financial market participants.

Research interests

Mark is a member of the Accounting research cluster.

Areas of expertise:

  • Information processing and decision-making
  • Financial analysts
  • Equity valuation models
  • Empirical accounting
  • Financial disclosures

Publications

List by: Type | Date

Jump to: 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2015 | 2014 | 2013 | 2009 | 2006
Number of items: 15.

2024

Aleksanyan, M. , Lee, K., Meitner, M. and Pande, N. (2024) The Valuation Book: How to Value Businesses and Shares – an Introductory Guide for Investors, Managers and More. Harriman House. ISBN 9780857199492 (In Press)

Abhayawansa, S., Aleksanyan, M. and Lee, K. (2024) Disruption in the market for information: MiFID II and investor relations. European Accounting Review, (Accepted for Publication)

2023

Lee, K., Aleksanyan, M. , Harris, E. and Manochin, M. (2023) Throwing in the towel: what happens when analysts’ recommendations go wrong? Contemporary Accounting Research, (doi: 10.1111/1911-3846.12875) (Early Online Publication)

2022

Aleksanyan, M. , Abhayawansa, S. and Tsalavoutas, Y. (2022) Guest editorial. Sustainability Accounting, Management and Policy Journal, 13(6), pp. 1253-1260. (doi: 10.1108/SAMPJ-11-2022-538)

Aleksanyan, M. , Danbolt, J., Siganos, A. and Wu, B. (H.T.) (2022) I only fear when I hear: how media affects insider trading in takeover targets. Journal of Empirical Finance, 67, pp. 318-342. (doi: 10.1016/j.jempfin.2022.04.004)

Abhayawansa, S., Aleksanyan, M. , Lee, K. and Tsalavoutas, I. (2022) Usefulness of Real-time Information: Views of Professional Investors and Analysts. Project Report. Institute of Chartered Accountants of Scotland (ICAS).

2021

Aleksanyan, M. , Hao, Z., Vagenas-Nanos, E. and Verwijmeren, P. (2021) Do state visits affect cross-border mergers and acquisitions? Journal of Corporate Finance, 66, 101800. (doi: 10.1016/j.jcorpfin.2020.101800)

2019

Spence, C., Aleksanyan, M. , Millo, Y., Imam, S. and Abhayawansa, S. (2019) Earning the 'write to speak': sell-side analysts and their struggle to be heard. Contemporary Accounting Research, 36(4), pp. 2635-2662. (doi: 10.1111/1911-3846.12496)

2018

Abhayawansa, S., Aleksanyan, M. and Cuganesan, S. (2018) Conceptualisation of intellectual capital in analysts’ narratives: a performative view. Accounting, Auditing and Accountability Journal, 31(3), pp. 950-969. (doi: 10.1108/AAAJ-03-2017-2873)

2015

Abhayawansa, S., Aleksanyan, M. and Bahtsevangolou, J. (2015) The use of intellectual capital information by sell-side analysts in company valuation. Accounting and Business Research, 45(3), pp. 279-306. (doi: 10.1080/00014788.2014.1002445)

Aleksanyan, M. and Danbolt, J. (2015) Segment reporting: is IFRS 8 really better? Accounting in Europe, 12(1), pp. 37-60. (doi: 10.1080/17449480.2015.1027239)

2014

Rutledge, R. W., Karim, K. E., Aleksanyan, M. and Wu, C. (2014) An examination of the relationship between corporate social responsibility and financial performance: the case of Chinese state-owned enterprises. In: Freedman, M. and Jaggi, B. (eds.) Accounting for the Environment: More Talk and Little Progress. Series: Advances in Environmental Accounting and Management (5). Emerald Group Publishing Ltd., pp. 1-22. ISBN 9781781903032

2013

Aleksanyan, M. and Karim, K. (2013) Searching for value relevance of book value and earnings: a case of premium vs. discount firms. Review of Quantitative Finance and Accounting, 41(3), pp. 489-511. (doi: 10.1007/s11156-012-0318-8)

2009

Aleksanyan, M. (2009) Does the information environment affect the value relevance of financial statement data? Applied Economics Letters, 16(8), pp. 835-839. (doi: 10.1080/13504850701221972)

2006

Aleksanyan, M. (2006) Value relevance of book value, retained earnings and dividends: premium vs discount firms. Journal of Accounting and Finance, 5, pp. 27-49.

This list was generated on Thu Apr 18 23:31:51 2024 BST.
Number of items: 15.

Articles

Abhayawansa, S., Aleksanyan, M. and Lee, K. (2024) Disruption in the market for information: MiFID II and investor relations. European Accounting Review, (Accepted for Publication)

Lee, K., Aleksanyan, M. , Harris, E. and Manochin, M. (2023) Throwing in the towel: what happens when analysts’ recommendations go wrong? Contemporary Accounting Research, (doi: 10.1111/1911-3846.12875) (Early Online Publication)

Aleksanyan, M. , Abhayawansa, S. and Tsalavoutas, Y. (2022) Guest editorial. Sustainability Accounting, Management and Policy Journal, 13(6), pp. 1253-1260. (doi: 10.1108/SAMPJ-11-2022-538)

Aleksanyan, M. , Danbolt, J., Siganos, A. and Wu, B. (H.T.) (2022) I only fear when I hear: how media affects insider trading in takeover targets. Journal of Empirical Finance, 67, pp. 318-342. (doi: 10.1016/j.jempfin.2022.04.004)

Aleksanyan, M. , Hao, Z., Vagenas-Nanos, E. and Verwijmeren, P. (2021) Do state visits affect cross-border mergers and acquisitions? Journal of Corporate Finance, 66, 101800. (doi: 10.1016/j.jcorpfin.2020.101800)

Spence, C., Aleksanyan, M. , Millo, Y., Imam, S. and Abhayawansa, S. (2019) Earning the 'write to speak': sell-side analysts and their struggle to be heard. Contemporary Accounting Research, 36(4), pp. 2635-2662. (doi: 10.1111/1911-3846.12496)

Abhayawansa, S., Aleksanyan, M. and Cuganesan, S. (2018) Conceptualisation of intellectual capital in analysts’ narratives: a performative view. Accounting, Auditing and Accountability Journal, 31(3), pp. 950-969. (doi: 10.1108/AAAJ-03-2017-2873)

Abhayawansa, S., Aleksanyan, M. and Bahtsevangolou, J. (2015) The use of intellectual capital information by sell-side analysts in company valuation. Accounting and Business Research, 45(3), pp. 279-306. (doi: 10.1080/00014788.2014.1002445)

Aleksanyan, M. and Danbolt, J. (2015) Segment reporting: is IFRS 8 really better? Accounting in Europe, 12(1), pp. 37-60. (doi: 10.1080/17449480.2015.1027239)

Aleksanyan, M. and Karim, K. (2013) Searching for value relevance of book value and earnings: a case of premium vs. discount firms. Review of Quantitative Finance and Accounting, 41(3), pp. 489-511. (doi: 10.1007/s11156-012-0318-8)

Aleksanyan, M. (2009) Does the information environment affect the value relevance of financial statement data? Applied Economics Letters, 16(8), pp. 835-839. (doi: 10.1080/13504850701221972)

Aleksanyan, M. (2006) Value relevance of book value, retained earnings and dividends: premium vs discount firms. Journal of Accounting and Finance, 5, pp. 27-49.

Books

Aleksanyan, M. , Lee, K., Meitner, M. and Pande, N. (2024) The Valuation Book: How to Value Businesses and Shares – an Introductory Guide for Investors, Managers and More. Harriman House. ISBN 9780857199492 (In Press)

Book Sections

Rutledge, R. W., Karim, K. E., Aleksanyan, M. and Wu, C. (2014) An examination of the relationship between corporate social responsibility and financial performance: the case of Chinese state-owned enterprises. In: Freedman, M. and Jaggi, B. (eds.) Accounting for the Environment: More Talk and Little Progress. Series: Advances in Environmental Accounting and Management (5). Emerald Group Publishing Ltd., pp. 1-22. ISBN 9781781903032

Research Reports or Papers

Abhayawansa, S., Aleksanyan, M. , Lee, K. and Tsalavoutas, I. (2022) Usefulness of Real-time Information: Views of Professional Investors and Analysts. Project Report. Institute of Chartered Accountants of Scotland (ICAS).

This list was generated on Thu Apr 18 23:31:51 2024 BST.

Grants

2019. ICAS (lead applicant, with S.Abhayawansa, K.Lee and I.Tsalavoutas): £17,200

2018. Foreign and Commonwealth Office Programme. £82,973

2017. Cusator Wards Endowment of the Adam Smith Business School at the University of Glasgow. £2,517

2015. Cusator Wards Endowment of the Adam Smith Business School at the University of Glasgow. £3,000

2010. Adam Smith Research Foundation Seedcorn Fund. £1,000

Supervision

Mark is interested in supervising projects examining:

  • information processing and decision-making by professional investors and financial analysts (using qualitative or quantitative research methods),
  • impact of technology and regulations on practice of capital market actors and financial information intermediaries (using qualitative or quantitative research methods),
  • corporate reporting and value relevance.

Current doctoral supervision

  • Jiang, Shaoshuai
    The role of board members' education and political connection on firms' default risk and cost of debt: evidence from China
  • Li, Yaohua
    Three essays on financial analysts
  • Liu, Chen
    Manager characteristics and narrative disclosure quality

Teaching

Courses taught

  • International Financial Analysis (MBA)
  • Financial Analysis & Equity Valuation (MSc)
  • Financial Statement Analysis & Valuation (BSc Honours)
  • PhD masterclass (selected topics)

Previously taught

  • International Corporate Finance (MSc)
  • International Capital Markets (MSc)

 

Additional information

Working papers

  • The conduct of sell-side analyst stock recommendations: A strong structuration analysis (with Kenneth Lee, Melina Manochin and Elaine Harris)
  • Do State Visits Affect Cross-Border Mergers and Acquisitions? (with Zhiwei Hao, Evangelos Vagenas-Nanos and Patrick Verwijmeren)
  • Inside the black-box of analysts' bounded rationality: a study of contexts that matter (with Subhash Abhayawansa)
  • Fear and media coverage: The case of insider trading in takeover targets (with Betty Wu, Jo Danbolt, and Antonios Siganos)
  • Analysts’ bias: optimism or obfuscation (with Nana Oiza Akubelem)

Research in progress

  • Integrated reporting and accounting information quality (with Subhash Abhayawansa)

Refereeing (academic journals)

  • Accounting, Auditing and Accountability Journal 
  • Accounting and Business Research
  • Advances in Accounting Behavioral Research (on Editorial Board)
  • European Management Journal
  • Journal of Intellectual Capital
  • Qualitative Research in Financial Markets (Associate Editor)
  • Review of Business and Economics Studies (on Editorial Board)