Fair Value Disclosures Beyond SFAS 157

• Main Author: GOH, Beng Wee
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: Fair value accounting; SFAS 157; voluntary disclosure; corporate governance; information uncertainty; information risk; Accounting; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/935; http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1335848
• Institution: Singapore Management University

Our study examines the factors that influence the fair value disclosures in the SFAS 157 footnote, and how these disclosures affect investors’ uncertainty regarding these fair value estimates, particularly Level 3 estimates. We find that more Level 3 items, more transfers from Level 1 and Level 2 it...