Asset Revaluation Regulations
成果类型：
Article
署名作者：
Demski, Joel S.; Lin, Haijin; Sappington, David E. M.
署名单位：
State University System of Florida; University of Florida; University of Houston System; University of Houston
刊物名称：
CONTEMPORARY ACCOUNTING RESEARCH
ISSN/ISSBN：
0823-9150
DOI：
10.1506/car.26.3.9
发表日期：
2009
页码：
843-+
关键词：
摘要：
Generally accepted accounting principles (GAAP) mandate a variety of departures from historical cost valuation. We consider a simple model that produces corresponding variety, depending on prevailing regulatory objectives and economic conditions. The model entails entrepreneurial investment in an asset followed by private information about asset value that cannot be communicated. A lemons problem arises in the asset resale market, creating a role for mandated disclosure in the form of audited asset revaluation.
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