TY  - BOOK
AU  - Kristian Bachert
PY  - 2012
CY  - Berlin, Germany
PB  - Peter Lang Verlag
SN  - 1868-7687
SN  - 9783653012507
TI  - Fair Value Accounting
T2  - Implications for Users of Financial Statements
DO  - 10.3726/978-3-653-01250-7
UR  - https://www.peterlang.com/document/1046836
N2  - Fair value accounting is viewed as a major feature of IFRS and several standards either require assets to be measured at fair value or at least provide an option to fair value measurement instead of applying historical cost. While it is argued that fair values provide more timely and relevant information, the global financial crisis led to a considerable debate about the usefulness of fair value accounting. The study examines the implications of fair value accounting for financial analysts and nonprofessional investors. It provides evidence that, even if financial analysts find it challenging to produce accurate forecasts under a fair value regime, nonprofessional investors make larger investments and are more confident with their judgments for fair value firms.
KW  - Financial Analysts, Tangible Assets, Nonprofessional Investors, IFRS
LA  - English
ER  -