The Disclosure of Replacement Cost Accounting Data and Its Effect on Transaction Volumes.
The Accounting Review
1981
Abstract ABSTRACT: This study reports an empirical investigation of whether the SEC-mandated replacement cost disclosures, as set forth in ASR 190, had any effect on weekly transaction volumes of common stock shares. Using the standard t testing procedure, no evidence of the volume effect being investigated was found. This result appears to imply that the replacement cost accounting data made public under ASR 190 did not contain information important to investors as asserted by the SEC, if the revision of common stock portfolio holdings is a criterion.
- DOI
- 10.2308/tar-4481066
- Volume
- 56 (1)
- Pages
- 70-84
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref