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Fair Value Measurement Disclosures: Particularities In The Context Of Listed Companies And European Funding

Author

Listed:
  • Dumitru Matis

    (Babes-Bolyai University Cluj-Napoca Romania)

  • Maria Ionela Damian

    (Babes-Bolyai University Cluj-Napoca)

  • Carmen Giorgiana Bonaci

    (Babes-Bolyai University Cluj-Napoca Romania)

Abstract

In the last years and especially after the outbreak of the recent financial and economiccrisis, fair value and implicitly fair value measurements for financial statements have been harshlycriticized, mainly by the representatives of the companies activating in the financial sector.Therefore, the aim of this paper is to study the issue of disclosures on fair value measurements inthe financial statements by firstly sketching a guide of best practices and further focusing onempirically documenting potential determinants. In order to achieve the objective of our study, theemployed methodology draws on similar studies in research literature, calculating for eachcompany included in the study a disclosure score called disclosure index and then using astatistical program to run a multivariate linear regression. The obtained results document, amongother, that the entity size positively affects the fair value measurements disclosure index.Particularities regarding fair value measurement related disclosures are discussed in the context ofEuropean funding (subsidies). Our study therefore contributes (through the developed empiricalstudy) to the literature on the determinants of companies‘ disclosure practices in the particulararea of fair value measurements.

Suggested Citation

  • Dumitru Matis & Maria Ionela Damian & Carmen Giorgiana Bonaci, 2013. "Fair Value Measurement Disclosures: Particularities In The Context Of Listed Companies And European Funding," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(15), pages 1-3.
  • Handle: RePEc:alu:journl:v:1:y:2013:i:15:p:3
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    References listed on IDEAS

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    1. Core, John E., 2001. "A review of the empirical disclosure literature: discussion," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 441-456, September.
    2. Christine A. Botosan, 2002. "A Re-examination of Disclosure Level and the Expected Cost of Equity Capital," Journal of Accounting Research, Wiley Blackwell, vol. 40(1), pages 21-40, March.
    3. Healy, Paul M. & Palepu, Krishna G., 2001. "Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 405-440, September.
    4. Kothari, S. P., 2001. "Capital markets research in accounting," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 105-231, September.
    5. Street, Donna L. & Gray, Sidney J. & Bryant, Stephanie M., 1999. "Acceptance and Observance of International Accounting Standards: An Empirical Study of Companies Claiming to Comply with IASs," The International Journal of Accounting, Elsevier, vol. 34(1), pages 11-48.
    6. Adriana Tiron-Tudor & Raluca Valeria Ratiu, 2010. "How Transparent Are Companies Listed On The Bucharest Stockexchange When Disclose Them Consolidated Financial Statements?," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(12), pages 1-17.
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    Citations

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    Cited by:

    1. Catalina Gorgan & Vasile Gorgan, 2014. "Study On Disclosure Level Of Companies Listed On The Bucharest Stock Exchange In Accordance With International Financial Reporting Standards: The Case Of Intangible Assets," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 104-115, April.
    2. repec:lrk:eeaart:36_2_7 is not listed on IDEAS

    More about this item

    Keywords

    fair value; valuation; financial statements; disclosure index; determinants; European funding(subsidies).;

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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