The Relevance of Asset Revaluations over an Economic Cycle |
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| Authors: | Peter Easton Peter Eddey |
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| Institution: | Accounting at Ohio State University;Associate professor of accounting at Macquarie University |
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| Abstract: | The results of tests reported in this paper show that asset revaluations accounted for in accordance with AAS 10/AASB 1010 provide information that is consistent with the information set used by investors in pricing the shares of a sample of Australian listed firms. The "value relevance" of asset revaluations occurs in periods of both rising and declining asset prices. |
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