Campbell, Katherine; Sefcik, Stephan E; Soderstrom, Naomi S - In: Review of Quantitative Finance and Accounting 21 (2003) 4, pp. 349-78
We investigate the potential uncertainty-reducing role of accounting information in the context of contingent Superfund liability valuation. We first develop theoretical arguments for the way reduction of uncertainty regarding these contingent liabilities is expected to affect security prices....