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The Relevance of Asset Revaluations over an Economic Cycle
Author(s) -
Easton Peter,
Eddey Peter
Publication year - 1997
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.1997.tb00024.x
Subject(s) - asset (computer security) , relevance (law) , sample (material) , business , value (mathematics) , set (abstract data type) , monetary economics , capital asset pricing model , economics , financial economics , finance , computer science , chemistry , computer security , chromatography , machine learning , political science , law , programming language
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.