The trading stock valuation adjustment: Some extensions and modifications

Michael J. Aitken; Terry S. Walter

doi:10.1177/031289628501000106

The trading stock valuation adjustment: Some extensions and modifications

Research output: Contribution to journal › Article › peer-review

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.

Original language	English
Pages (from-to)	77-95
Number of pages	19
Journal	Australian Journal of Management
Volume	10
Issue number	1
DOIs	https://doi.org/10.1177/031289628501000106
Publication status	Published - 1985
Externally published	Yes

Keywords

MARKET EFFICIENCY
REVERSAL
TSVA

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10.1177/031289628501000106

Cite this

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The trading stock valuation adjustment: Some extensions and modifications

Abstract

Keywords

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