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- Publisher
- Wiley
- Copyright
- Copyright © 1992 Wiley Subscription Services, Inc., A Wiley Company
- ISSN
- 0001-3072
- eISSN
- 1467-6281
- DOI
- 10.1111/j.1467-6281.1992.tb00268.x
- Publisher site
- See Article on Publisher Site
Abstract
The study attempts to explain why Australian companies revalue their fixed assets, when a revaluation, by itself, has no discernible direct effect on cash flows and is costly to carry out. A revaluation is hypothesised to affect contracting and political costs. It may also help resolve problems associated with information asymmetries, or be used to signal information to investors. The results support the proposition that economic forces help explain the decision to revalue assets.
Journal
Abacus – Wiley
Published: Mar 1, 1992