EconPapers    
Economics at your fingertips  
 

The Trading Stock Valuation Adjustment: Some Extensions and Modifications

Michael Aitken and Terry Walter ()

Australian Journal of Management, 1985, vol. 10, issue 1, 77-95

Abstract: This paper seeks independent confirmation of the research conclusions reached by Sinclair and Whittred (1982) regarding a capital market reaction to the introduction of the Trading Stock Valuation Adjustment (TSVA). This analysis extends and modifies that research and uses the date of the subsequent withdrawal of the TSVA to test for evidence of any reversal impact on the stock prices of the firms initially affected. We are unable to document such evidence.

Keywords: TSVA; MARKET EFFICIENCY; REVERSAL (search for similar items in EconPapers)
Date: 1985
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/031289628501000106 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:10:y:1985:i:1:p:77-95

DOI: 10.1177/031289628501000106

Access Statistics for this article

More articles in Australian Journal of Management from Australian School of Business
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2023-01-01
Handle: RePEc:sae:ausman:v:10:y:1985:i:1:p:77-95