Recognition versus Disclosure: The Case of Land and Buildings’ Revaluations
Abstract
This study examines the value relevance of recognised and disclosed revaluations of land and buildings for a large sample of Australian firms from 1993 through 1997. In contrast to prior research, we control for risk and cyclical effects and find no difference between recognised and disclosed revaluations, using yearly‐cross‐sectional and pooled regressions and using both market and non‐market dependent variables. We also find only weak evidence that revaluations of recognised and disclosed land and buildings are value relevant.
Keywords
Citation
Ahmed, K., Goodwin, A.J. and Sawyer, K.R. (2005), "Recognition versus Disclosure: The Case of Land and Buildings’ Revaluations", Pacific Accounting Review, Vol. 17 No. 2, pp. 4-33. https://doi.org/10.1108/01140580510818549
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited