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A Test of the Extended Functional Fixation Hypothesis.

John R. M. Hand

The Accounting Review 1990

Proposes and tests a probabilistic extension of the efficient market hypothesis toward the functional fixation hypothesis (FFH). Calendar time positioning of the swap announcement and swap quarter's earnings; Debt-equity swaps as a test of extended FFH (EFFH); Empirical methods.

DOI
10.2308/tar-9603274120
Volume
65 (4)
Pages
740-763
Language
en
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