Impact of debt and the crisis on the market's reaction to noncurrent asset revaluations.

• Main Authors: Lim, Angela Wei Wern., Tan, Sara Zhen Lin.
• Other Authors: Courtenay, Stephen M.
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Accounting::Assets
• Online Access: http://hdl.handle.net/10356/8667
• Institution: Nanyang Technological University

Our study examines the effect of the level of a firm’s debt on the market’s assessment of the noncurrent asset revaluations undertaken by it. It also examines how the 1997 Asian financial crisis affects market’s assessment of noncurrent asset revaluations.