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March 18, 2026The Accounting Review

The Oil and Gas Accounting Controversy: An Analysis of Economic Consequences.

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Authors

DLDavid F. LarckerLRLawrence RevsineNorthwestern University

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Overview

Analysis reveals differential security market reactions in oil and gas firms, suggesting incentive effects exist.

Key Points

  • The aim is to analyze the economic implications of the oil and gas accounting controversy, focusing on security market reactions.
  • Developed theoretical models to explain security market behaviors.
  • Isolated independent variables using the models.
  • Explored market reactions of full cost firms to the Exposure Draft.
  • Variables from theoretical models explain a significant portion of market reactions.
  • Evidence supports the existence of an incentive effect.
  • Differential reactions were observed among full cost firms.

Cite This Study

Larcker et al. (1983) studied this question.

synapsesocial.com/papers/69ba42ae4e9516ffd37a318chttps://doi.org/10.2308/tar-4483052
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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.1979
  2. 2The Impact of Accounting Regulation on the Stock Market: The Case of Oil and Gas Companies: A Comment.1981
  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. 5Effects of the Issuance of the Exposure Draft and FASB 19 on the Security Returns of Oil and Gas Producing Companies (Book).1980