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Personal profile

Research Interests

His research focuses on the impact that accounting information has on the valuation of traded assets such as equities and derivative contracts. He has examined how and why accounting variables predict stock returns over time, how the quality of accounting information affects the returns of holding option contracts, and how firm fundamentals impact stock return volatility.

Education/Academic qualification

Accounting, PhD, University of Toronto

… → 2013

Finance/Mathematical Finance, PhD, University of Calgary, Calgary, Alberta

… → 2009

Applied Mathematics/Mathematical Finance, MSc, University of Calgary, Calgary, Alberta

… → 2007

Applied Mathematics, BSc, University of Calgary, Calgary, Alberta

… → 2006

Electrical Engineering, BSc, University of Alberta

… → 2003

Fingerprint Fingerprint is based on mining the text of the experts' scientific documents to create an index of weighted terms, which defines the key subjects of each individual researcher.

  • 4 Similar Profiles
Derivatives Engineering & Materials Science
Stock returns Business & Economics
Costs Engineering & Materials Science
Expected returns Business & Economics
Book-to-market Business & Economics
Equity Business & Economics
Return on equity Business & Economics
Cost of equity capital Business & Economics

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Research Output 2009 2019

  • 35 Citations
  • 7 Working paper
  • 6 Article

Information quality, growth options, and average future stock returns

Lyle, M., Jan 1 2019, In : Accounting Review. 94, 1, p. 271-298 28 p.

Research output: Contribution to journalArticle

Growth options
Information quality
Stock returns
Equity
Asset pricing

Accounting Data, Market Values, and the Cross Section of Expected Returns Worldwide

Chattopadhyay, A., Lyle, M. R. & Wang, C. C. Y., Jan 15 2016, Social Science Research Network (SSRN), 60 p.

Research output: Working paper

Predictive power
Market value
Valuation model
Book-to-market
Cross section
Cash flow
Book-to-market
Return on equity
Risk premium
Investors
Predictors
Stock returns
Return on equity
Cost of equity capital
Book-to-market
1 Citation (Scopus)

Valuation: Accounting for Risk and the Expected Return. Discussion of Penman

Lyle, M., Mar 1 2016, In : Abacus. 52, 1, p. 131-139 9 p.

Research output: Contribution to journalArticle

Accounting valuations
Expected returns