TIMING, RECURRENCE, AND EFFECTS OF FIXED ASSET REVALUATION: EVIDENCE FROM BANGLADESH

This study intended to explore when and how often fixed asset revaluation (FAR) is practiced in Bangladesh explain the impacts of FAR on net value (NAV), stock prices, debts companies. Based 175 listed companies Dhaka Stock Exchange, this found increasing use model where textile industry witnessed highest number revaluations. Most were irregular revaluer, they performed during bull market 2010. newly did it just before their initial public offerings (IPO). The results Wilcoxon signed-rank test imply that changes NAV, total after statistically significant. evidence enhancing debt capacity prices several through improved NAV. findings will assist regulators recognize consequence enable them take an appropriate stance for controlling abusive creative reporting. also make investors cautious about with induced assets. suggests practicing should perform regular intervals reduce information asymmetry assets’ thus help improve investors’ confidence. Keywords: Fair accounting, IAS 16, PP&E, Bull-bear market, Information asymmetry, NAV JEL Classifications : G1, G11, M41, M48 DOI: https://doi.org/10.32479/ijefi.10828