公允价值复杂性与财务报表可比性

IF 1.4 4区经济学 Q3 BUSINESS, FINANCE

Asia-Pacific Journal of Accounting & Economics Pub Date : 2021-07-18 DOI:10.1080/16081625.2021.1947861

Hyejin Ahn

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引用次数: 1

摘要

摘要本研究探讨公允价值会计及其复杂性是否会影响财务报表的可比性。利用2008年至2014年美国银行控股公司的季度数据，我发现公允价值的资产和负债比例与财务报表可比性呈负相关，这种负相关关系似乎是由可验证性较低(水平较低)的公允价值估计所驱动的。在SFAS 157的三级等级制度下，随着公允价值估计的复杂性增加，银行的财务报表与其他银行的财务报表的可比性会降低。总体而言，这些结果表明公允价值复杂性对可比性有负面影响。

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Fair value complexity and financial statement comparability

ABSTRACT This study examines whether fair value accounting and its complexity influence financial statement comparability. Using quarterly US bank holding company data from 2008 to 2014, I find that the proportion of assets and liabilities that are fair valued is negatively associated with financial statement comparability and that this negative relation appears to be driven by the less v erifiable (lower-level) fair value estimates. Under the three-level hierarchy of SFAS 157, the financial statements of a bank become less comparable with those of other banks as the complexity of its fair value estimates increases. Overall, these results indicate that fair value complexity has a negative influence on comparability.

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来源期刊

Asia-Pacific Journal of Accounting & Economics Multiple-

CiteScore

2.40

自引率

9.10%

发文量

期刊介绍： The Asia-Pacific Journal of Accounting & Economics (APJAE) is an international forum intended for theoretical and empirical research in all areas of economics and accounting in general. In particular, the journal encourages submissions in the following areas: Auditing, financial reporting, earnings management, financial analysts, the role of accounting information, international trade and finance, industrial organization, strategic behavior, market structure, financial contracts, corporate governance, capital markets, and financial institutions. The journal welcomes contributions related to the Asia Pacific region, and targets top quality research from scholars with diverse regional interests. The editors encourage submission of high quality manuscripts with innovative ideas. The editorial team is committed to an expedient review process.