haku: @author Aboody, D. / yhteensä: 7
viite: 6 / 7
| Tekijä: | Aboody, D. |
| Otsikko: | Revaluations of fixed assets and future firm performance: evidence from the UK |
| Lehti: | Journal of Accounting & Economics
1999 : JAN, VOL. 26:1-3, p. 149-178 |
| Asiasana: | ECONOMICS COMPANIES FUTURE |
| Kieli: | eng |
| Tiivistelmä: | The authors find, as predicted, that upward revaluations of fixed assets by UK firms are significantly positively related to changes in future performance, measured by operating income and cash from operations, indicating revaluations reflect asset value changes. Current year revaluations (revaluation balances) also are significantly positively related to annual return (prices). Relations between revaluations and future performance and prices are weaker for higher debt-to-equity ratio firms, indicating motivation affects how revaluations reflect asset value changes. |
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