Disaggregation of general price level gains and losses
Article Abstract:
An approach based on disaggregating the effect of inflation into the effect on the beginning balance of monetary or nonmonetary items proves to be effective in the analysis of general price level adjusted (GPLA) information. The approach yields more information than conventional monetary items analysis. It interprets the relationship between GPLA income and the historical cost income. The approach also creates a relationship between nonmonetary and monetary items analysis.
Publication Name: Managerial Finance
Subject: Business
ISSN: 0307-4358
Year: 1997
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The information effects of large insider stock purchases
Article Abstract:
Announcements of large purchases by company managers create a positive reaction among shareholders. Such positive reaction, which indicates that large insider purchases lowers informational asymmetry, tends to be greater when the company is undervalued or when severe conflicts exist between shareholders and managers. Aside from being negatively related to firm size, share price reactions to insider purchases cannot be reversed immediately.
Publication Name: Managerial Finance
Subject: Business
ISSN: 0307-4358
Year: 1999
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