Abstract
IN this paper we measure share price effects of several interrelated regulatory changes associated with the partial deregulation of interstate trucking. Three focal points of this investigation are (1) the Motor Carrier Act of 1980 and earlier Interstate Commerce Commission (ICC) actions, which made truck operating rights easier to secure, hence less valuable;1 (2) the Financial Accounting Standards Board's (FASB) subsequent issuance of Statement of Financial Accounting Standards No. 44 (SFAS No. 44), which required the immediate write-off of unamortized operating rights;2 and (3) the 1981 Economic Recovery Tax Act (ERTA), which allowed a tax deduction for the unamortized tax basis of the rights.
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