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March 18, 2026The Accounting Review

The Impact of Accounting Regulation on the Stock Market: The Case of Oil and Gas Companies.

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Authors

BLBaruch LevSupélec

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Overview

Analysis reveals accounting regulation affects stock prices in oil and gas companies, suggesting market sensitivity to policy changes.

Key Points

  • The study aims to determine how a proposed change in accounting regulation affects stock prices of oil and gas companies.
  • Analyzed stock price behavior of oil and gas companies
  • Focused on changes prompted by the FASB's 1977 exposure draft
  • Examined price reactions within three days of the draft release
  • Stock prices of companies using the full cost method declined by about 4.5%
  • The decline occurred within three days following the exposure draft release
  • Findings highlight sensitivity of capital markets to accounting policy changes

Cite This Study

Baruch Lev (1979) studied this question.

synapsesocial.com/papers/69ba426d4e9516ffd37a2a74https://doi.org/10.2308/tar-4496387
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1The Impact of Accounting Regulation on the Stock Market: The Case of Oil and Gas Companies: A Comment.1981
  2. 2The Oil and Gas Accounting Controversy: An Analysis of Economic Consequences.1983
  3. 3An Examination of the Association Between Accounting and Share Price Data in the Extractive Petroleum Industry: A Comment and Extension.1978
  4. 4Accounting Disclosures and the Market's Valuation of Oil and Gas Properties.1987
  5. 5The Effect of the Firm's Capital Structure on the Choice of Accounting Methods.1980