THE VALUE RELEVANCE OF FAIR VALUE DISCLOSURES IN AUSTRALIAN FIRMS IN THE EXTRACTIVE INDUSTRIES

被引：0
|
作者：
Hassan, Mohamat Sabri [1 ]
Percy, Majella [2 ]
Stewart, Jenny [3 ]
机构：
[1] Univ Kebangsaan Malaysia, Sch Accounting, Bangi 43600, Selangor, Malaysia
[2] Queensland Univ Technol, Sch Accountancy, Brisbane, Qld, Australia
[3] Griffith Univ, Griffith Business Sch, Dept Accounting Finance & Econ, Nathan, Qld, Australia
来源：
ASIAN ACADEMY OF MANAGEMENT JOURNAL OF ACCOUNTING AND FINANCE | 2006年 / 2卷 / 01期
关键词：
fair value; financial instruments; value relevance; incremental value; extractive industries;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We investigate whether fair value information is value relevant within Australian firms in the extractive industries. The Australian accounting standard on financial instruments AASB 139 Financial Instruments: Recognition and Measurement requires measurement of financial instruments based on fair values. This study provides evidence that net fair value information is value relevant. However, the significance of net fair value is limited to the recognised financial instruments and some settings. Further analysis provides evidence that the explanatory power of net fair value and the unrealised gain or loss beyond the book value and earnings valued at historical costs is very low.
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页码：41 / 61
页数：21
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