The information content of SEC accounting series release no. 190

Asset Revaluations and Share Price Revisions

“…T h e tests of significance are based on those in Beaver (1968), andPatell ( 1976).7 The null hypotheses therefore normally take the form that the average residual is not different from zero, or the scaled squared residual is not different from one.…”

Accounting and the Macroeconomy: The Case of Aggregate Price-Level Effects on Individual Stocks

“…Conducted mainly in the late 1970s and early 1980s, when inflation was relatively high, prior related research addresses questions concerning short-term inflation effects-short-window event studies or contemporaneous association with stock returns. This research finds that inflation-adjusted accounting data are of no consequence to financial decision making (e.g., Beaver, Christie, and Griffin 1980;Watts and Zimmerman 1980;Beaver, Griffin, and Landsman 1983). In contrast, I…”

An Alternative Control Model For Event Studies

“…Beaver (1981) conducts a similar analysis when he compares the DIR model with the market model. Since six event days are used per firm, 6 X 495 = 2,970 f-tests are conducted for each model (this is an efficient method of expanding the sample size and a similar procedure was used by Dyckman et al, 1984).…”