Fair Value: Is Really More Relevance and Less Reliability?
Abstract
I review almost exclusively the empirical research on relevance and reliability of fair value. The purpose of this reiew is to produce pedagogically valuable and give an evaluation whether the count that is really that fair value is less reliable as general, and as evaluation of implementation and preparation of standards, and show the pro and contra on trade off relevance and reliabiltyof fair value clearly.These findings relevance of fair value accounting impact on investor protection, and crisis protect but, the less reliability is affected by less information.
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DOI: http://dx.doi.org/10.18415/ijmmu.v8i11.3261
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