Advanced Search
MyIDEAS: Login to save this article or follow this journal

The Value Relevance of Fair Value Disclosures in Australian Firms in the Extractive Industries

Contents:

Author Info

  • Mohamat Sabri Hassan

    ()
    (School of Accounting, Universiti Kebangsaan Malaysia, 43600 Bangi, Selangor, Malaysia)

  • Majella Percy

    (School of Accountancy, Queensland University of Technology, Brisbane, Australia)

  • Jenny Stewart

    (Department of Accounting, Finance and Economics, Griffith Business School, Griffith University, Queensland, Australia)

Registered author(s):

    Abstract

    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. Classification-JEL:

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://web.usm.my/journal/aamjaf/vol2-1/2-1-3.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Penerbit Universiti Sains Malaysia in its journal Asian Academy of Management Journal of Accounting and Finance.

    Volume (Year): 2 (2006)
    Issue (Month): 1 ()
    Pages: 41-61

    as in new window
    Handle: RePEc:usm:journl:aamjaf00201_41-61

    Contact details of provider:
    Web page: http://web.usm.my/aamj/
    More information through EDIRC

    Related research

    Keywords: fair value; financial instruments; value relevance; incremental value; extractive industries;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:usm:journl:aamjaf00201_41-61. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journal Division).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.