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Equity Price Reaction to the Pronouncements Related to Accounting for Income Taxes.

Hassan Espahbodi; Pouran Espahbodi

The Accounting Review 1995

Abstract Examines the equity price reaction to income increasing standards on accounting for income taxes, namely the Statements on Financial Accounting Standards (SFAS) No. 96 and No. 109. Hypothesis that significant positive abnormal returns should be observed around the Exposure Draft dates; Relation of equity price reaction to income effects and economic consequences.

DOI
10.2308/tar-9512014362
Volume
70 (4)
Pages
655-668
Language
en
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