Does fair value accounting contribute to market price volatility? An experimental approach

Brousseau, Carl; Gendron, Michel; Bélanger, Philippe; Coupland, Jonathan

doi:10.1111/acfi.12030

Cited by 15 publications

(16 citation statements)

References 80 publications

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“…Docherty et al (2011) examine the association between asset tangibility and returns. Brousseau et al (2013) examine the consequences of fair value accounting for financial assets and asset price volatility in an experimental setting. Carlin and Finch (2011) critically examine the issue of goodwill impairment testing under IFRS.…”

Section: Relevance To Practicementioning

confidence: 99%

A review of accounting research in the Asia Pacific region

Benson

Clarkson

Smith

et al. 2015

Australian Journal of Management

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In this paper, we review scholarly accounting research published within the Asia Pacific Region by analysing nine of the main accounting journals within the region along five dimensions. The nine journals we focus on are: Accounting, Auditing and Accountability Journal; Australian Accounting Review; Abacus; Accounting and Finance; Australian Journal of Management; Accounting Research Journal; Journal of Contemporary Accounting and Economics; Managerial Auditing Journal; and Pacific Accounting Review. The five dimensions we consider are: the most frequently cited papers; topical coverage; impact on practice; research method; and noted authors. Our review leads us to conclude that the accounting journals published within the Asia Pacific region make a significant contribution to research and practice both within the region and internationally.

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Section: Relevance To Practicementioning

confidence: 99%

A review of accounting research in the Asia Pacific region

Benson

Clarkson

Smith

et al. 2015

Australian Journal of Management

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“…Liao et al (2013) show that information asymmetry, proxied by bid‐ask spread, in US banks’ FV measurements is positively associated with FV net assets during the financial crisis. Brousseau et al (2014) show, using an experimental setting, that FV and HC do not lead to differences in market price volatility. And finally, Ehalaiye et al (2017) find that FV in US banks assist predictability of earnings and cash flows and that predictability is not adversely affected by the financial crisis.…”

Section: Introductionmentioning

confidence: 99%

The value relevance of fair value and historical cost measurements during the financial crisis

Liao

Kang

Morris

2020

Accounting & Finance

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The roles played by fair value (FV) and historical cost (HC) measurements during the financial crisis (2008)(2009) remain controversial. We investigate the relative and incremental value relevance of assets and liabilities measured at FV and HC for financial institutions from 25 European countries before and during the financial crisis. We find that FV is more relatively value relevant than HC during the crisis but not before. HC and FV are, however, incrementally value relevant to each other both before and during the financial crisis. Our results are influenced by cross-country differences.

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“…Such views of fair valuation enhance certainty of management (Greuning, 2006;Durocher & Gendron 2014;Funnell et al 2016), but it should be noted that the role of actual accounting department of an enterprise should not be neglected (Barker & McGeachin 2013). Besides, International Accounting Standards and other financial reporting standards have to be adhered to (Brousseau et al 2014), as it affects the appropriate presentation of operating results (Brown and Szimayer 2008).…”

Section: Introductionmentioning

confidence: 99%

Management of joint-stock companies and farms by using fair value of agricultural equipment in financial statements on the example of IMT 533 tractor

Radović¹,

Vitomir²,

Laban³

et al. 2019

Ekonomika poljoprivrede

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More demanding management requires management to foster the application of different mechanisms. One of the upcoming ways of improving management is the use of the fair value of property and equipment in the business books of the company. The authors of this study emphasize the importance of fair valuation of agricultural equipment, processing surveyed 382 legal entities of the Republic of Serbia, in the case of widespread tractor IMT 533 agricultural holdings in 207 and 175 joint-stock companies. To show the real application of fair value, the research period lasted from 2015 to 2018. We came to the basic conclusion that there is a statistically significant relationship between organizations, enterprises and the age of the tractor to the application of the fair value of the tractor in the business books of the company. There is also a conclusion that fair financial reporting brings about benefits to agricultural entities of other legal forms.

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Does fair value accounting contribute to market price volatility? An experimental approach

Cited by 15 publications

References 80 publications

A review of accounting research in the Asia Pacific region

A review of accounting research in the Asia Pacific region

The value relevance of fair value and historical cost measurements during the financial crisis

Management of joint-stock companies and farms by using fair value of agricultural equipment in financial statements on the example of IMT 533 tractor

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