Fixed Asset Revaluations and Managerial Incentives

Fixed Asset Revaluations and Managerial Incentives 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Abacus Wiley

Fixed Asset Revaluations and Managerial Incentives

Abacus, Volume 28 (1) – Mar 1, 1992

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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

AbacusWiley

Published: Mar 1, 1992

References

  • An Examination of Alternative Hypotheses Concerning Depreciation of Buildings
    Craswell, Craswell
  • Asset Revaluations and Share Price Revisions
    Emanuel, Emanuel
  • Accounting Information in the Market for Debt
    Whittred, Whittred; Zimmer, Zimmer

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