A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2020; you can also visit the original URL.
The file type is application/pdf
.
An Empirical Investigation of the UK Stock Market Response to the Implementation of SSAP 20 "Foreign Currency Translation"
2005
Investment Management & Financial Innovations
This study presents an empirical investigation of the UK stock market response to the implementation of the UK Statement of Standard Accounting Practice (SSAP) No. 20 "Foreign Currency Translation" (issued in April 1983). Such an empirical investigation has not yet been undertaken for the UK. Our results show that the stock market generally appeared to have anticipated the implementation of SSAP 20. For the aggregate set of adopters, we found a positive stock market response in the official
doaj:332dfc9fc73f467393c4bdcc9fc69569
fatcat:hqrxl24euvhwndybgoj3nk5jw4