Abstract
Concern over the economic consequences of accounting regulation and policy decisions has stimulated a large body of empirical research which focuses on the impact of such decisions on firms' security prices.1 One feature common to these studies is that event time and calendar time are identical for all firms' securities included in the sample. Moreover, for several of these accounting policies (e.g., leasing, oil and gas accounting), there is industry concentration among the affected firms. These factors lead to cross-sectional correlations of the dependent variable of interest
Keywords
AccountingSample (material)Event studyCapital marketBusinessVariable (mathematics)EconomicsEmpirical researchCapital (architecture)Monetary economicsFinance
Related Publications
Book-To-Market across Firm Size, Exchange, and Seasonality: Is There an Effect?
Fama and French (1992) report that size and the book-to-market ratio capture the cross-sectional variation of average stock returns for the universe of NYSE, Amex, and Nasdaq se...
Fundamentals and Stock Returns in Japan
ABSTRACT This paper relates crossâsectional differences in returns on Japanese stocks to the underlying behavior of four variables: earnings yield, size, book to market ratio, a...
The Impact of Merger-Related Regulations on the Shareholders of Acquiring Firms
In this paper we examine the economic impact of a group of mergerrelated regulatory changes in the securities laws, the tax code, disclosure rules, and accounting principles whi...
The financial performance of reverse leveraged buyouts
We examine the accounting and market performance of reverse leveraged buyouts (i.e., firms making their first public offering after previously completing a leveraged buyout). On...
Incentives and Penalties Related to Earnings Overstatements that Violate GAAP
This paper investigates the incentives and the penalties related to earnings overstatements primarily in firms that are subject to accounting enforcement actions by the Securiti...
Publication Info
- Year
- 1984
- Type
- article
- Volume
- 22
- Issue
- 1
- Pages
- 48-48
- Citations
- 233
- Access
- Closed
External Links
Social Impact
Altmetric
PlumX Metrics
Social media, news, blog, policy document mentions
Citation Metrics
233
OpenAlex
Cite This
Daniel W. Collins,
Warren T. Dent
(1984).
A Comparison of Alternative Testing Methodologies Used in Capital Market Research.
Journal of Accounting Research
, 22
(1)
, 48-48.
https://doi.org/10.2307/2490701
Identifiers
- DOI
- 10.2307/2490701