Results 241 to 250 of about 12,821 (274)
No more discount under enhanced fair value hierarchy
Applied Economics, 2015 We use an integrated approach to analyse the reasons behind the discount on the balance-sheet fair value of illiquid financial instruments held by European banks and classified into the Level 3 Fair Value hierarchy under IFRS 7. We believe that the potential sources of misalignment are (1) the lack of disclosure, (2) earnings management, and (3) the ...
Emanuel Bagna
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Research in Accounting Regulation, 2014
Abstract In response to pressures from Congress, the SEC and investors, the FASB issued ASU 2010-06, Improving Disclosures about Fair Value Measurement . ASU 2010-06 mandates that firms provide disaggregated fair value information by class of financial instruments under each level of the fair value hierarchy.
Vivek Mande
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Abstract In response to pressures from Congress, the SEC and investors, the FASB issued ASU 2010-06, Improving Disclosures about Fair Value Measurement . ASU 2010-06 mandates that firms provide disaggregated fair value information by class of financial instruments under each level of the fair value hierarchy.
Vivek Mande
exaly +2 more sources
The value relevance of the fair value hierarchy. Empirical evidence from the European Union
Financial Reporting, 2018This paper investigates the value relevance of the fair value hierarchy disclosed for financial instruments through a sample of 97 financial entities listed over the period 2011-2016 in the stock markets of 23 European countries. Its main objectives are threefold. First, by analysing the European setting, the paper means to study the value relevance of
Alessandro Mechelli +2 more
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La value relevance della fair value hierarchy nel settore bancario europeo
Finanza, marketing e produzione : rivista di economia d'impresa dell'Università Bocconi : XXXI, 4, 2013, 2013 The paper aims at verifying whether the disclosures relating to fair value hierarchy under IFRS 7 is value relevant. Based on a sample of 138 European Commercial Banks over the time period 2008-2010, evidence suggests that only financial instruments classified in Level 1 are value relevant. They are also valued at a premium (about 10%) over the overall
BAGNA, EMANUEL, Di Martino G.
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Fair value hierarchy, bargaining power, and audit pricing across audit firms’ client portfolios
Journal of Corporate Accounting and Finance, 2022AbstractThis study explores how the presence of Level 2 and/or 3 fair value assets (FVA_23) influences audit pricing across small and large clients for Big‐4 and non‐Big‐4 audit firms. Through analysis of 7918 firm‐year observations, we investigate whether companies with FVA_23 incur higher audit fees than companies without FVA_23 and the differences ...
Brandon Vagner
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The Accounting Review, 2009 ABSTRACT: Statement of Financial Accounting Standards No. 157 (FAS No. 157), Fair Value Measurements, prioritizes the source of information used in fair value measurements into three levels: (1) Level 1 (observable inputs from quoted prices in active markets), (2) Level 2 (indirectly observable inputs from quoted prices of comparable items in active ...
Chang Joon Song, Wayne B. Thomas, Han Yi
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The Accounting Review, 2017 ABSTRACT Investors demand conditional conservatism to restrict managers' ability to opportunistically exploit unverifiable accounting estimates. The fair value estimation process is subject to verifiability concerns when market prices are unavailable and, thus, susceptible to managerial discretion.
Jonathan Black +2 more
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An Anatomy of the Level 3 Fair Value Hierarchy's Discount [PDF]
SSRN Electronic Journal, 2013 We use an integrated approach to analyze the reasons behind the discount on the balance-sheet fair value of illiquid financial instruments held by European banks and classified into the Level 3 Fair Value hierarchy under IFRS 7. We believe that the potential sources of misalignment are 1) the lack of disclosure, 2) earnings management, and 3) the lack ...
Emanuel Bagna +2 more
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Accounting and Finance, 2018 The objective of our research is to respond to the call of Barth and Taylor (2010) for more research to examine the role of discretion in fair value estimates.
Daifei Yao +2 more
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Banks’ Information Acquisition and Value-relevance of Fair Value Hierarchy
Korean Accounting Information Association[Purpose] This study examines whether the decline in value－relevance of opaque componentswithin the fair value hierarchy under SFAS 157 Fair Value Measurements is mitigated by banks’information acquisition activities. In particular, we use EDGAR downloads as a proxy forinformation acquisition and investigate their role.
Soojeong Hong, Kwangjin Lee, Sangmok Lee
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