What question did this study set out to answer?

The aim is to analyze stock market reactions to FASB's deliberations regarding inflation accounting.

Market Reactions to Accounting Policy Deliberations: The Inflation Accounting Case.

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Analysis shows market reactions occurred during FASB's inflation accounting discussions, indicating sensitivity to policy changes.

The aim is to analyze stock market reactions to FASB's deliberations regarding inflation accounting.
Examined stock returns to assess market reactions to FASB events
Used a 'price reversal' methodology for analysis
Concentrated on three key events related to inflation accounting deliberations
Detected a market reaction to FASB's deliberations on inflation accounting
Identified notable reactions during specified reporting events in January 1974, November 1975, and January 1979

Noreen et al. (1981) studied this question.

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