Fair or not? Fair value measurement in the sub-prime crisis

被引：0

作者：

Robinson, David ^{[1
]}

Hronsky, Jane ^{[2
]}

机构：

[1] Ernst & Young, London, England

[2] Univ Melbourne, Melbourne, Vic, Australia

来源：

JASSA-THE FINSIA JOURNAL OF APPLIED FINANCE | 2008年 / 04期

关键词：

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Fair value accounting has come under significant scrutiny in the wake of the sub-prime mortgage market crisis and subsequent global liquidity crisis. Commentators have questioned whether current market prices are consistent with the definition of fair value in Australian accounting standards, or whether current market prices are more indicative of distressed sales. We argue that these prices do indeed represent fair values and convey useful information for market participants.

引用

页码：76 / 80

页数：5