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Econometric Properties of Asset Valuation Rules Under Price Movement and Measurement Errors: An Empirical Test.

Thomas W. Hall; Keith A. Shriver

The Accounting Review 1990

Abstract Evaluates several analytical results developed in earlier studies and investigates the absolute econometric properties of valuation rules using date from a specific economic environment. Statistical theory of valuation; Effects of valuation error on current cost data; Relationship between portfolio diversification and valuation error.

DOI
10.2308/tar-9603274076
Volume
65 (3)
Pages
537-556
Language
en
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