50 YEARS OF EXTRAORDINARY BUSINESS EDUCATION DISCOVER CASS AT 50

Faculties and Research

Dr Ivana Raonic

Senior Lecturer in Accounting & Finance

Faculty of Finance

Contact

Visit Ivana Raonic

Room BR4033, Bunhill Row

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Postal Address

Cass Business School
106 Bunhill Row
London
EC1Y 8TZ
United Kingdom

Overview

Ivana joined Cass in 2004. She received her Ph.D. in Accounting and Finance from the University of Wales. Before joining Cass, she has previously worked at the University of Siena and, before that, for PriceWaterhouseCoopers. Her research interests include international accounting, empirical financial accounting research, corporate governance and financial disclosure. Ivana has published in some major journals such as the Journal of Business Finance and Accounting, Abacus and European Accounting Review. Her teaching experience includes Financial Statement Reporting and Analysis, Equity Investments and Valuation, Security Analysis.

Qualifications

PhD Accounting and Finance (Wales), MSc Finance (Brunel) and BA Economics (Belgrade).

Visiting Appointments

  1. Visiting Lecturer, EDHEC Business School, Nice, Jan 2007 – present
  2. Visiting Lecturer, University of Belgrade, Oct 2005 – present

Memberships of Professional Organisations

  1. Affiliated Member, Methodological and Empirical Advances in Financial Analysis Network (MEAFA), Faculty of Economics and Business, University of Sydney, Australia, Jun 2007 – present

Expertise

Primary Topics

  • Accounting
  • Asset Valuation
  • Capital Markets
  • Corporate Governance
  • Financial Accounting

Additional Topics

  • Corporate Finance
  • Financial Economics

Geographic Areas

  • Americas - North
  • Europe

Research Topics

Covenant-light debt contracts and the role of accounting
Debt contracting and financial distress
Fresh Start Accounting and the role of hedge funds
Analysts' strategic role in using accruals
Forecast versus earnings management in single and multi segment firms
Name
Ali Sahin
Attendance
Sep 2013 – present, full-time
Thesis Title
Analysts' understanding of persistance in accrualsAnalysts' understanding of persistance in accruals
Role
1st Supervisor

Conference Papers and Proceedings (33)

  1. Raonic, I. (2016). Analysts' strategic role in using accruals. EIASM 7th Workshop on Accounting and Regulation 7-9 July, Siena, Italy.
  2. Raonic, I. (2015). Fresh Start Valuation of US Firms Emerging from Bankruptcy. 9th Asia-Pacific Business Research Conference 5-6 November, Bayview Hotel, Singapore.
  3. Raonic, I. and Gietzmann, M. (2010). Improving Disclosure Incentives for Thinly Traded Stocks by Varying the Market Microstructure. EAA Annual Congress Istanbul, Turkey.
  4. Raonic, I. and Gietzmann, M. (2010). Improving Disclosure Incentives for Thinly Traded Stocks by Varying the Market Microstructure. EIASM Workshop on Accounting and Economics Vienna, Austra.
  5. Raonic, I. and Gietzmann, M. (2010). Improving Disclosure Incentives for Thinly Traded Stocks by Varying the Market Microstructure. Methodological and Empirical Advances in Financial Analysis Sydney, Australia.
  6. Raonic, I. and Isidro, H. (2009). Firm Incentives, Institutional Complexity and the Quality of "Harmonized" Accounting Numbers. American Accounting Association Annual Meeting New York.
  7. Raonic, I. and Isidro, H. (2009). Firm Incentives, Institutional Complexity and the Quality of "Harmonized" Accounting Numbers. EAA Annual Congress Tampere, Finland.
  8. Raonic, I., Dargenidou, C. and McLeay, S.J. (2009). Transparency, Disclosure and the Pricing of Future Earnings in the European Market. American Accounting Association Annual Meeting New York.
  9. Raonic, I., Dargenidou, C. and McLeay, S.J. (2008). Transparency, disclosure and the pricing of future earnings in the European market. VI Workshop on Empirical Research in Financial Accounting Madrid, Spain.
  10. Raonic, I., Espinosa, M. and Gietzmann, M. (2008). US Institutional Investors Response to the News Flow of Intangibles Intensive European Stocks:A Study of European BioTech and Pharma Stocks. Instituto de Empresa Business School Seminar Madrid, Spain.
  11. Raonic, I., Dargenidou, C. and McLeay, S.J. (2007). Disclosure, Transparency and the Pricing of Future Earnings in the European Market. EAA Annual Congress Lisbon, Portugal.
  12. Raonic, I., Dargenidou, C. and McLeay, S.J. (2006). Financial Transparency and Stock Returns. EAA Annual Congress Dublin, Ireland.
  13. Raonic, I., Dargenidou, C. and McLeay, S.J. (2006). Financial Transparency and Stock Returns. International Conference in Accounting and Finance Thessaloniki, Greece.
  14. Raonic, I., Dargenidou, C. and McLeay, S.J. (2006). Financial Transparency and Stock Returns. International Conference in Computing in Economics and Finance Cyprus.
  15. Raonic, I., Dargenidou, C. and McLeay, S.J. (2006). Ownership, Investor Protection and Earnings Expectations. Helenic Financial and Accounting Association Athens, Greece.
  16. Raonic, I., Espinosa, M. and Gietzmann, M. (2006). U.S. Institutional Investors and Non-U.S. Biotech and Pharmaceutical Companies. Manchester Business School Seminar Manchester, UK.
  17. Raonic, I., Dargenidou, C. and McLeay, S.J. (2005). Expected Earnings Growth and the Cost of Capital: An Analysis of Accounting Regime Change in the European Financial Market. Abacus Accounting Forum Sydney, Australia.
  18. Raonic, I., Dargenidou, C. and McLeay, S.J. (2005). Ownership, Investor Protection and Earnings Expectations. American Accounting Association Meeting San Francisco, US.
  19. Raonic, I., Dargenidou, C. and McLeay, S.J. (2005). Ownership, Investor Protection and Earnings Expectations. London School of Economics Seminar London, UK.
  20. Raonic, I., Dargenidou, C. and McLeay, S.J. (2005). Ownership, Investor Protection and Earnings Expectations. The International Accounting Conference - University of Ilinnois at Urbana Champaign Kobe, Japan.
  21. Raonic, I., Dargenidou, C. and McLeay, S.J. (2004). Ownership, Investor Protection and Earnings Expectations. Cass Business School Seminar London, UK.
  22. Raonic, I., Di Pietra, R., Grambovas, C. and Riccaboni, A. (2004). The Effect of Board Size and Busy Directors on the Market Value of Italian Companies. EAA Annual Congress Prague, Check Republic.
  23. Raonic, I., Di Pietra, R., Grambovas, C. and Riccaboni, A. (2004). The Effect of Board Size and Busy Directors on the Market Value of Italian Companies. Emerging Issues in Accounting and Business International Conference - Niagara University Padua, Italy.
  24. Raonic, I., Di Pietra, R., Grambovas, C. and Riccaboni, A. (2004). The Effect of Board Size and Busy Directors on the Market Value of Italian Companies. European Institute for Advanced Studies in Management (EIASM) Conference on Accounting Regulation Siena, Italy.
  25. Raonic, I., Dargenidou, C. and McLeay, S.J. (2003). Institutional Factors in Earnings Expectations. EAA Annual Congress Seville, Spain.
  26. Raonic, I., Dargenidou, C. and McLeay, S.J. (2003). Institutional Factors in Earnings Expectations. EIASM Conference on Capital Market Research in Accounting Frankfurt, Germany.
  27. Raonic, I., Dargenidou, C. and McLeay, S.J. (2003). Institutional Factors in Earnings Expectations. Financial Reporting and Regulatory Practices in Europe Corsica, France.
  28. Raonic, I., Assimakopoulos, Y. and McLeay, S.J. (2003). The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity. Journal of Business Finance and Accounting Annual Conference Bowness-on-Windermere, UK.
  29. Raonic, I., Assimakopoulos, Y. and McLeay, S.J. (2002). The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity. British Accounting Association Jersey, UK.
  30. Raonic, I., Assimakopoulos, Y. and McLeay, S.J. (2002). The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity. EAA Doctoral Colloquium Copenhagen, Denmark.
  31. Raonic, I., Assimakopoulos, Y. and McLeay, S.J. (2002). The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity. EIASM Euroconference Den Bosch, The Netherlands.
  32. Raonic, I., Assimakopoulos, Y. and McLeay, S.J. (2002). The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity. Irish Accounting Association Conference Galway, Republic of Ireland.
  33. Raonic, I., Assimakopoulos, Y. and McLeay, S.J. (2001). The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity. EIASM Conference on Capital Market Research Valencia, Spain.

Journal Articles (9)

  1. Gietzmann, M. and Raonic, I. (2014). Thinly Traded Growth Stocks: A Joint Examination of Transparency in Communication and the Trading Platform. European Accounting Review, 23(2), pp. 257–289. doi:10.1080/09638180.2013.768802.
  2. Raonic, I. and Isidro, H. (2012). Firm Incentives, Institutional Complexity and the Quality of “Harmonized” Accounting Numbers. The International Journal of Accounting, 47(4), pp. 407–436. doi:10.1016/j.intacc.2012.10.007.
  3. Dargenidou, C., McLeay, S. and Raonic, I. (2011). Accruals, disclosure and the pricing of future earnings in the European market. Journal of Business Finance and Accounting, 38(5-6), pp. 473–504. doi:10.1111/j.1468-5957.2011.02245.x.
  4. Dargenidou, C., McLeay, S.J. and Raonic, I. (2011). Transparency, Disclosure and the Pricing of Future Earnings in the European Market. Journal of Business Finance and Accounting .
  5. Espinosa, M., Gietzmann, M. and Raonic, I. (2009). US institutional investors response to the news flow of intangibles intensive European stocks: A study of European Biotech and Pharma stocks. European Accounting Review, 18(1), pp. 63–92. doi:10.1080/09638180802481581.
  6. Di Pietra, R., Grambovas, C.A., Raonic, I. and Riccaboni, A. (2008). The effects of board size and ‘busy’ directors on the market value of Italian companies. Journal of Management & Governance, 12(1), pp. 73–91. doi:10.1007/s10997-008-9044-y.
  7. Dargenidou, C., McLeay, S. and Raonic, I. (2007). Ownership, investor protection and earnings expectations. Journal of Business Finance and Accounting, 34(1-2), pp. 247–268. doi:10.1111/j.1468-5957.2006.00663.x.
  8. Dargenidou, C., McLeay, S. and Raonic, I. (2006). Expected earnings growth and the cost of capital: an analysis of accounting regime change in the European financial market. Abacus, 42(3-4), pp. 388–414. doi:10.1111/j.1467-6281.2006.00207.x.
  9. Raonic, I., McLeay, S. and Asimakopoulos, I. (2004). The timeliness of income recognition by European companies: An analysis of institutional and market complexity. Journal of Business Finance and Accounting, 31(1-2), pp. 115–148. doi:10.1111/j.0306-686X.2004.00004.x.

Scholarly Edition

  1. Raonic, I., Dargenidou, C. and McLeay, S. Financial Transparency and Stock Returns: An International Study.

Other

  1. Raonic, I. and Gietzmann, M. (2009). Disclosure, Types of Trading and Share Performance on the Alternative Investment Market.

Course Directorship

- 2009 - 2009, International Accounting and Finance, Director

Editorial Activities (4)

  1. European Accounting Review, Referee, 2010 – present.
  2. Accounting and Business Research, Referee, 2007 – present.
  3. Journal of Business Finance and Accounting, Referee, 2006 – present.
  4. Journal of Management and Governance, Referee, 2006 – present.

Events/Conferences (41)

  1. European Accounting Association. (Conference) Mastricht, Netherlands (2016). Invited speaker.
    Paper: Analysts' strategic role in using accruals
    Author: Raonic I
    Co-authors: Sahin
  2. EIASM Conference on Accounting and Regulation. (Conference) Siena, Italy (2016). Invited speaker.
    Paper: Analysts' strategic role in using accruals
    Author: Raonic I
    Co-authors: Sahin
  3. University of Miami Research Seminar. (Seminar) Miami, US (2015).
    Paper: Vulture Funds and Fresh Start Accounting of Firms Emerging from Chapter 11 Bankruptcy
    Author: Raonic I
    Co-authors: M. Gietzmann and H. Isidro
  4. INSEAD Research Seminar. (Seminar) Paris, France (2015).
    Paper: Vulture Funds and Fresh Start Accounting of Firms Emerging from Chapter 11 Bankruptcy
    Author: Raonic I
    Co-authors: M. Gietzmann and H. Isidro
  5. Financial Management Association Annual Meeting. (Conference) Orlando, USA (2015).
    Paper: Vulture Funds and Fresh Start Accounting of Firms Emerging from Chapter 11 Bankruptcy
    Author: Raonic I
    Co-authors: M. Gietzmann and H. Isidro
  6. European Finance Association Annual Meeting. (Conference) Vienna, Austria (2015).
    Paper: Vulture Funds and Fresh Start Accounting of Firms Emerging from Chapter 11 Bankruptcy
    Author: Raonic I
    Co-authors: M. Gietzmann and H. Isidro
  7. Canadian Accounting Association Annual conference. (Conference) Toronto, Canada (2015). Invited speaker.
    Paper: Vulture Funds and Fresh Start Accounting of Firms Emerging from Chapter 11 Bankruptcy
    Author: Raonic I
    Co-authors: M. Gietzmann and H. Isidro
  8. 9th Asia-Pacific Business Research Conference. (Conference) Singapore (2015).
    Paper: Fresh Start Valuation of US Firms Emerging from Bankruptcy
    Author: Raonic I
    Co-authors: M. Gietzmann and H. Isidro
  9. X Workshop on Empirical Research in Financial Accounting. (Conference) Coruna, Spain (2014).
    Paper: Vulture Funds and Fresh Start Accounting of Firms Emerging from Chapter 11
    Author: Raonic I
    Co-authors: M. Gietzmann & H. Isidro
  10. EAA Annual Congress. (Conference) Talin, Estonia (2014).
    Paper: Vulture Funds and Fresh Start Accounting of Firms Emerging from Chapter 11
    Author: Raonic I
    Co-authors: M. Gietzmann & H. Isidro
  11. Methodological and Empirical Advances in Financial Analysis. (Conference) Sydney, Australia (2010). Invited speaker.
    Paper: Improving Disclosure Incentives for Thinly Traded Stocks by Varying the Market Microstructure
    Author: Raonic I.
    Co-authors: M. Gietzmann
  12. EIASM Workshop on Accounting and Economics. (Conference) Vienna, Austria (2010). Invited speaker.
    Paper: Improving Disclosure Incentives for Thinly Traded Stocks by Varying the Market Microstructure
    Author: Raonic I
    Co-authors: M. Gietzmann
  13. EAA Annual Congress. (Conference) Istanbul, Turkey (2010). Invited speaker.
    Paper: Improving Disclosure Incentives for Thinly Traded Stocks by Varying the Market Microstructure
    Author: Raonic I.
    Co-authors: M. Gietzmann
  14. EAA Annual Congress. (Conference) Tampere, Finland (2009).
    Paper: Firm Incentives, Institutional Complexity and the Quality of "Harmonized" Accounting Numbers
    Author: Raonic I.
    Co-authors: H. Isidro
  15. American Accounting Association Annual Meeting. (Conference) New York (2009).
    Paper: Firm Incentives, Institutional Complexity and the Quality of "Harmonized" Accounting Numbers
    Author: Raonic I
    Co-authors: H. Isidro
  16. American Accounting Association Annual Meeting. (Conference) New York (2009).
    Paper: Transparency, Disclosure and the Pricing of Future Earnings in the European Market
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J.McLeay
  17. Instituto de Empresa Business School Seminar. (Seminar) Madrid, Spain (2008).
    Paper: US Institutional Investors Response to the News Flow of Intangibles Intensive European Stocks:A Study of European BioTech and Pharma Stocks
    Author: Raonic I.
    Co-authors: M. Espinosa, M. Gietzmann
  18. VI Workshop on Empirical Research in Financial Accounting. (Conference) Madrid, Spain (2008).
    Paper: Transparency, disclosure and the pricing of future earnings in the European market
    Author: Raonic I.
    Co-authors: C. Dargenidou, S.J. McLeay
  19. EAA Annual Congress. (Conference) Lisbon, Portugal (2007).
    Paper: Disclosure, Transparency and the Pricing of Future Earnings in the European Market
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  20. Manchester Business School Seminar. (Seminar) Manchester, UK (2006).
    Paper: U.S. Institutional Investors and Non-U.S. Biotech and Pharmaceutical Companies
    Author: Raonic I
    Co-authors: M. Espinosa, M. Gietzmann
  21. International Conference in Computing in Economics and Finance. (Conference) Cyprus (2006).
    Paper: Financial Transparency and Stock Returns
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  22. International Conference in Accounting and Finance. (Conference) Thessaloniki, Greece (2006).
    Paper: Financial Transparency and Stock Returns
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  23. Helenic Financial and Accounting Association. (Conference) Athens, Greece (2006).
    Paper: Ownership, Investor Protection and Earnings Expectations
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  24. EAA Annual Congress. (Conference) Dublin, Ireland (2006).
    Paper: Financial Transparency and Stock Returns
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  25. London School of Economics Seminar. (Seminar) London, UK (2005).
    Paper: Ownership, Investor Protection and Earnings Expectations
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  26. The International Accounting Conference - University of Ilinnois at Urbana Champaign. (Conference) Kobe, Japan (2005).
    Paper: Ownership, Investor Protection and Earnings Expectations
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  27. American Accounting Association Meeting. (Conference) San Francisco, US (2005).
    Paper: Ownership, Investor Protection and Earnings Expectations
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  28. Abacus Accounting Forum. (Conference) Sydney, Australia (2005).
    Paper: Expected Earnings Growth and the Cost of Capital: An Analysis of Accounting Regime Change in the European Financial Market
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  29. Cass Business School Seminar. (Seminar) London, UK (2004).
    Paper: Ownership, Investor Protection and Earnings Expectations
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  30. European Institute for Advanced Studies in Management (EIASM) Conference on Accounting Regulation. (Conference) Siena, Italy (2004).
    Paper: The Effect of Board Size and Busy Directors on the Market Value of Italian Companies
    Author: Raonic I
    Co-authors: R. Di Pietra, C. Grambovas, A. Riccaboni
  31. Emerging Issues in Accounting and Business International Conference - Niagara University. (Conference) Padua, Italy (2004).
    Paper: The Effect of Board Size and Busy Directors on the Market Value of Italian Companies
    Author: Raonic I
    Co-authors: R. Di Pietra, C. Grambovas, A. Riccaboni
  32. EAA Annual Congress. (Conference) Prague, Czech Republic (2004).
    Paper: The Effect of Board Size and Busy Directors on the Market Value of Italian Companies
    Author: Raonic I
    Co-authors: R. Di Pietra, C. Grambovas, A. Riccaboni
  33. Journal of Business Finance and Accounting Annual Conference. (Conference) Bowness-on-Windermere, UK (2003).
    Paper: The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity
    Author: Raonic I
    Co-authors: Y. Assimakopoulos, S.J. McLeay
  34. Financial Reporting and Regulatory Practices in Europe. (Conference) Corsica, France (2003).
    Paper: Institutional Factors in Earnings Expectations
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  35. EIASM Conference on Capital Market Research in Accounting. (Conference) Frankfurt, Germany (2003).
    Paper: Institutional Factors in Earnings Expectations
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  36. EAA Annual Congress. (Conference) Seville, Spain (2003).
    Paper: Institutional Factors in Earnings Expectations
    Author: Raonic I
    Co-authors: C. Dargenidou, S.J. McLeay
  37. EAA Doctoral Colloquium. (Seminar) Copenhagen, Denmark (2002).
    Paper: The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity
    Author: Raonic I
    Co-authors: Y. Assimakopoulos, S.J. McLeay
  38. Irish Accounting Association Conference. (Conference) Galway, Republic of Ireland (2002).
    Paper: The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity
    Author: Raonic I.
    Co-authors: Y. Assimakopoulos, S.J. McLeay
  39. EIASM Euroconference. (Conference) Den Bosch, The Netherlands (2002).
    Paper: The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity
    Author: Raonic I
    Co-authors: Y. Assimakopoulos, S.J. McLeay
  40. British Accounting Association. (Conference) Jersey, UK (2002).
    Paper: The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity
    Author: Raonic I
    Co-authors: Y. Assimakopoulos, S.J. McLeay
  41. EIASM Conference on Capital Market Research. (Conference) Valencia, Spain (2001).
    Paper: The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity
    Author: Raonic I
    Co-authors: Y. Assimakopoulos, S.J. McLeay