EQUITY PRICE REACTION TO THE PRONOUNCEMENTS RELATED TO ACCOUNTING FOR INCOME-TAXES

被引：3

作者：

ESPAHBODI, H ^{[1
]}

ESPAHBODI, P ^{[1
]}

TEHRANIAN, H ^{[1
]}

机构：

[1] BOSTON COLL,CHESTNUT HILL,MA 02167

来源：

ACCOUNTING REVIEW | 1995年 / 70卷 / 04期

关键词：

INCOME TAXES; MARKET RESPONSE; PORTFOLIO WEIGHTING; EVENT STUDY;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the equity price reaction to two generally income increasing standards on accounting for income taxes, namely the Statements on Financial Accounting Standards (SFAS) No. 96 and No. 109. It is hypothesized that significant positive abnormal returns should be observed around the Exposure Draft dates. It is also hypothesized that the equity price reaction to these standards should be related to the magnitude of their income effects and the economic consequences of a given income effect. The results are consistent with contracting and political cost hypotheses.

引用

页码：655 / 668

页数：14