haku: @all fair value / yhteensä: 87
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| Tekijä: | Danbolt, J. Rees, W. |
| Otsikko: | An experiment in fair value accounting: UK investment vehicles |
| Lehti: | European Accounting Review
2008 : VOL. 17:2, p. 271-303 |
| Asiasana: | accounting investments costs asset valuation United Kingdom |
| Vapaa asiasana: | fair value |
| Kieli: | eng |
| Tiivistelmä: | In this paper, the British real estate and investment fund industries are used as experimental settings where historic cost (HC) and fair value (FV) accounting (FVA) can be compared. It is found that FV income is considerably more value relevant than historic cost income. However, in the presence of changes in FVA balance sheet values, income measures get mostly irrelevant. This implies that there is no obvious advantage from adopting FVA income accounting if FVA balance sheet values are available. In addition, FVA for this study's real estate sample is considerably less value relevant than for the investment companies and the evidence for this sample, if not conclusive, is consistent with earnings management etc. |
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