Securities Disclosure of Contingent Environmental Liabilities
Author : Elizabeth Glass Geltman
Publisher : Aspen Publishers
Page : 648 pages
File Size : 37,59 MB
Release : 1995
Category : Law
ISBN : 9780471132936
Author : Elizabeth Glass Geltman
Publisher : Aspen Publishers
Page : 648 pages
File Size : 37,59 MB
Release : 1995
Category : Law
ISBN : 9780471132936
Author :
Publisher :
Page : 676 pages
File Size : 37,30 MB
Release : 1997
Category : Disclosure of information
ISBN :
Author : Katherine Campbell
Publisher :
Page : 53 pages
File Size : 31,11 MB
Release : 2014
Category :
ISBN :
We investigate the potential uncertainty-reducing role of accounting information in the context of contingent Superfund liability valuation. We first develop theoretical arguments for the way reduction of uncertainty regarding these contingent liabilities is expected to affect security prices. Empirical proxies are developed for two types of uncertainty surrounding contingent Superfund liabilities: site uncertainty and allocation uncertainty. In a valuation framework, we then investigate whether financial statement disclosures and accruals reduce uncertainty and thereby affect security valuation. Specifically, we analyze the interaction of private information contained in firm disclosures and accruals with inherent uncertainty surrounding contingent Superfund liabilities. Results suggest that in a regulatory environment allowing substantial reporting discretion, firm-provided financial statement information affects valuation of contingent Superfund liabilities by reducing uncertainty. Further, we find that information revealed through accruals versus disclosures is differentially effective at reducing site and allocation uncertainty.
Author : United States. General Accounting Office
Publisher :
Page : 16 pages
File Size : 32,52 MB
Release : 1993
Category : Casualty insurance
ISBN :
Author : Pamela S. Evers
Publisher :
Page : 0 pages
File Size : 43,7 MB
Release : 2018
Category : Disclosure in accounting
ISBN :
Author : Canadian Institute of Chartered Accountants
Publisher :
Page : 160 pages
File Size : 44,40 MB
Release : 1993
Category : Business & Economics
ISBN :
Author : Natalie Garkusha
Publisher :
Page : 100 pages
File Size : 36,34 MB
Release : 1997
Category : Disclosure of information
ISBN :
Author : Elizabeth Glass Geltman
Publisher : MICHIE
Page : 315 pages
File Size : 10,80 MB
Release : 1994
Category : Business & Economics
ISBN :
Author : Mark A. Stach
Publisher :
Page : pages
File Size : 43,92 MB
Release : 1997-01
Category : Disclosure of information
ISBN : 9780836611205
Author : C. Gregory Rogers
Publisher : John Wiley & Sons
Page : 407 pages
File Size : 45,26 MB
Release : 2005-10-13
Category : Business & Economics
ISBN : 0471746959
Financial Reporting of Environmental Liabilities and Risks is a complete guide to developing the underlying business systems to successfully report environmental matters in audited financial statements and reports filed with the Securities Exchange Commission (SEC). It sets forth relevant reporting and internal control standards and discusses important issues affecting reporting entities, accountants, lawyers, and environmental professionals.