We welcome all our readers to the second issue of third volume of Journal of Finance and Accounting Research (JFAR). In this issue, we are proud to present to our readers five new articles from our international and national contributors who have generously shared their research findings on various aspects of finance and accounting research. The field of finance and accounting is a highly dynamic one. It requires research and development of new tools, techniques, and methods for the growth of industry and organizations. The gap between industry requirements and that of academic curriculum is fulfilled by research of academicians.

The current issue has papers from the field of corporate finance such as option compensation and earning forecast, non- performing loans determinants in banking sector, the role of institutional quality for economic growth, sources of banking sector development, and determinants in deliverable future contracts.

In spite of our best efforts, due to the decision of the editorial board and the referee review board, some of the articles/papers could not be included in the present issue. However this should not deter any of the authors from sending their original articles, case studies, research reviews or empirical contributions for publication in our journal in the future.

To all our authors: thank you for making this issue possible, and to our reviewers: thank you for supporting us in enabling JFAR to achieve the high quality that it strives for. We hope everyone, from authors to reviewers, will continue to give their strong support to this journal.

Dr. Safia Nosheen
Editor-in-Chief
Journal of Finance and Accounting Research