Valuation implications of FAS 159 reported gains and losses from fair value accounting for liabilities

• المؤلفون الرئيسيون: CHUNG, Sung Gon, LOBO, Gerald J., OW YONG, Keng Kevin
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2017
• الموضوعات: Fair Value Accounting; FAS 159 Liability Gains and Losses; Value Relevance; Market; Accounting; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/1642; https://ink.library.smu.edu.sg/context/soa_research/article/2669/viewcontent/ValuationImplicationsFAS159_2017_wp.pdf
• المؤسسة: Singapore Management University

This study examines the economic implications of fair value liability gains and losses arising from the adoption of Statement of Financial Accounting Standards No. 159 (hereafter, FAS 159). Consistent with the notion that gains and losses contain value-relevant information, we find a positive corres...