Voluntary Fair Value Disclosures Beyond SFAS 157’s Three-level Estimates

• المؤلفون الرئيسيون: CHUNG, Sung Gon, GOH, Beng Wee, NG, Jeffrey, OW YONG, Kevin
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2017
• الموضوعات: Fair value accounting; SFAS 157; voluntary disclosure; controls; information risk; Accounting; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/1056; https://ink.library.smu.edu.sg/context/soa_research/article/2055/viewcontent/VoluntaryFairValueDisSFAS157_2016May_afv.pdf
• المؤسسة: Singapore Management University

Some firms voluntarily make disclosures about the controls and processes in place to ensure the reliability of fair value estimates. Consistent with these disclosures being driven by management’s concerns about the reliability of their SFAS 157 estimates, we find that firms with more opaque estimate...