How the 2008–2009 Financial Crisis Shaped Fair Value Accounting Literature: A Bibliometric Approach

Abstract

This study aims to fulfil a gap in the literature, delivering a road map to understand the course and nature of the fair value accounting literature, further showing how the 2008–2009 financial crisis affected it. Bibliometric methods analyze 377 documents retrieved from the Web of Science and Scopus databases. Results show a heavy increase in fair value accounting literature starting due to the 2008–2009 financial crisis, further showing a shift from fair value accounting regulations to topics such as fair value measurement, earnings management, value relevance, and banks. Results provide further evidence about relevant themes, showing that topics related to financial crises stay relevant, even during times of growth.

Examining Enterprise Risk Management Research using Bibliometric Analysis

“…The quantity analysis includes the total number of publications and citations per year and a total number of publications by the categories like source title, source type, country, institution, language, and subject area (Kushairi & Ahmi, 2021). The quality analysis is done by analysing each selected document's contents (Sampaio et al, 2022). Lastly, the structural map by network mapping provides network analysis of the co-occurrence for keywords or authors' names (Ahmi & Nasir, 2019;Kushairi & Ahmi, 2021).…”

“…First, bibliometric analysis is considered an accurate and potentially equitable tool for measuring a paper's contribution to knowledge advancement (Kushairi & Ahmi, 2021). It portrays the nature and course of specific research (Sampaio et al, 2022). Besides, it helps guide researchers to the most influential works and map a research field without subjective bias (Zupic & Cater, 2015).…”

“…Bibliometric analysis anticipates a similar form of systematic literature reviews and rigorous techniques that guarantee the quality of the information used and the results' output generated (Nobanee et al, 2021). Further, it will provide up-to-date data analysis for more reliable results (Sampaio et al, 2022).…”

“…Many countries have taken the initiative by declaring a phased lockdown and stay-at-home policy to reduce Covid 19 cases. In response, businesses need to reduce the effect of the pandemic to avoid poor performance and bankruptcy (Sampaio et al, 2022) and adopt enterprise risk management to strengthen organisational resilient (Marquez-Tejon et al, 2022).…”

The Impact of Pernyataan Standar Akuntansi Keuangan 68 Application Guidelines for Banking Sector Issued by Otoritas Jasa Keuangan (OJK)

“…During the economic crisis, the question arises whether the use of Fair Value Accounting in Financial Accounting Standards (FAS) 157 issued by the Financial Accounting Standards Board in 2006 contributed to the financial crisis in America? Sampio also raised this question about whether Fair Value Accounting contributed to the 2008-2009 financial crisis (Sampaio, Farinha, Sebastião, & Régio, 2022). Laux and Leuz say that fair value accounting does not contribute to problems in US banks and plays little role in bank income statements and regulatory capital ratios unless banks have large trading positions (Laux & Leuz, 2010).…”