The Disclosure of Replacement Cost Accounting Data and Its Effect on Transaction Volumes.
实证检验SEC强制要求披露重置成本数据（ASR 190）是否影响普通股周交易量，未发现显著效应，暗示该数据对投资者可能不重要。
Abstract ABSTRACT: This study reports an empirical investigation of whether the SEC-mandated replacement cost disclosures, as set forth in ASR 190, had any effect on weekly transaction volumes of common stock shares. Using the standard t testing procedure, no evidence of the volume effect being investigated was found. This result appears to imply that the replacement cost accounting data made public under ASR 190 did not contain information important to investors as asserted by the SEC, if the revision of common stock portfolio holdings is a criterion.