The Accounting Review Vol. 65 No. 4 1990
Accounting Disclosures and the Market's Valuation of Oil and Gas Properties: Evaluation of Market Efficiency and Functional Fixation.
Abstract
Provides evidence of the value-relevance of book values of oil and gas properties. Zero-investment trading rules; Role of the functional fixation on book values on the initial trading strategy; Book-value-induced cross-sectional variation in the inferred market values; Pricing anomaly.
- DOI
- 10.2308/tar-9603274122
- Volume
- 65
- Issue
- 4
- Pages
- 764-780
- Language
- en
- Sources
- crossref openalex