The Trading Stock Valuation Adjustment: Some Extensions and Modifications

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.

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Year of publication:	1985
Authors:	Aitken, Michael J. ; Walter, Terry S.
Published in:	Australian Journal of Management. - Australian School of Business. - Vol. 10.1985, 1, p. 77-95
Publisher:	Australian School of Business
Subject:	TSVA \| MARKET EFFICIENCY \| REVERSAL

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010769543