A ‘price reversal’ test of the market impact of the abolition of the Trading Stock Valuation Adjustment (TSVA) is performed. The data are consistent with a price reversal having occurred under some experimental conditions.
Aitken, M.J. and T.S. Walter, 1984, “The Trading Stock Valuation Adjustment; Some Extensions and Modifications”, unpublished manuscript, University of New South Wales.
2.
Smith, A. J., 1981, “The SEC ‘Reversal’ of FASB Statement No.19: An Investigation of Information Effects”, Supplement to Journal of Accounting Research, 19, 174–211.
3.
Larcker, D. F., 1981, “Discussion of the SEC ‘Reversal’ of FASB Statement No.19; An Investigation of Information Effects”, Supplement to Journal of Accounting Research, 19, 218–226.
4.
Sinclair, N.A. and G.P. Whittred, 1982, “The Trading Stock Valuation Adjustment and Economic Rents to Shareholders”, Australian Journal of Management, 7, 125–138.
