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Examine The Past For Going Further: A Literature Review In The Field Of Fair Value

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  • Andreicovici Ionela - Irina

    (Universitatea Babes-Bolyai, Facultatea de Stiinte Economice si Gestiunea Afacerii)

Abstract

The current study is part of the scientific approach being assumed at the beginning of the Ph.D. as the theme \"New valence of evaluation in accounting\" under the guidance of prof. univ. dr. Dumitru Matis. This article aims to realize a more comprehensive study of relevant literature in accounting with fair value as the main subject. We have built our study attempting to answer the following research questions: How much "fair value activity" has there been since 2008? What research topics are being addressed? Who is leading fair value research? What are the limitations of current research? To achieve our proposed objectives we analyzed two databases (Science Direct and Business Source Premier) during 2008-2011, analyzing in detail a total of 22 articles divided into five specific research directions: international regulations on fair value accounting, fair Value Accounting and Financial Crisis, financial reporting at fair value, the relevance of fair value and fair value versus historical cost. With this research we try to see \"what is known\" in the field of fair value so far . In addition to qualitative analysis which we performed to discover the interest of researchers in this field, we conducted a quantitative analysis concerning the reported studies , being divided into research themes, research methodology and year of the article publication. Quantitative research results are those anticipated, that the most \"fair value activity \" took place in 2008 and 2009, surveys having as main research theme international regulations on fair value accounting.

Suggested Citation

  • Andreicovici Ionela - Irina, 2011. "Examine The Past For Going Further: A Literature Review In The Field Of Fair Value," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 453-458, December.
    • Handle: RePEc:ora:journl:v:1:y:2011:i:2:p:453-458
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    File URL: http://anale.steconomiceuoradea.ro/volume/2011/n2/063.pdf
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    References listed on IDEAS

    as
    1. Benston, George J., 2008. "The shortcomings of fair-value accounting described in SFAS 157," Journal of Accounting and Public Policy, Elsevier, vol. 27(2), pages 101-114.
    2. Stella So & Malcolm Smith, 2009. "Value‐relevance of presenting changes in fair value of investment properties in the income statement: Evidence from Hong Kong," Accounting and Business Research, Taylor & Francis Journals, vol. 39(2), pages 103-118.
    3. Martin Schmidt, 2009. "Fair Value: Your Value or Mine? An Observation on the Ambiguity of the Fair Value Notion Illustrated by the Credit Crunch," Accounting in Europe, Taylor & Francis Journals, vol. 6(2), pages 271-282, December.
    4. Cairns, David & Massoudi, Dianne & Taplin, Ross & Tarca, Ann, 2011. "IFRS fair value measurement and accounting policy choice in the United Kingdom and Australia," The British Accounting Review, Elsevier, vol. 43(1), pages 1-21.
    5. Laux, Christian & Leuz, Christian, 2009. "The crisis of fair-value accounting: Making sense of the recent debate," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 826-834, August.
    6. Jo Danbolt & William Rees, 2008. "An Experiment in Fair Value Accounting: UK Investment Vehicles," European Accounting Review, Taylor & Francis Journals, vol. 17(2), pages 271-303.
    7. Paul André & Anne Cazavan-Jeny & Wolfgang Dick & Chrystelle Richard & Peter Walton, 2009. "Fair Value Accounting and the Banking Crisis in 2008: Shooting the Messenger," Accounting in Europe, Taylor & Francis Journals, vol. 6(1), pages 3-24, June.
    8. David Gwilliam & Richard H.G. Jackson, 2008. "Fair value in financial reporting: Problems and pitfalls in practice," Accounting Forum, Taylor & Francis Journals, vol. 32(3), pages 240-259, September.
    9. Gwilliam, David & Jackson, Richard H.G., 2008. "Fair value in financial reporting: Problems and pitfalls in practice," Accounting forum, Elsevier, vol. 32(3), pages 240-259.
    10. repec:dau:papers:123456789/5008 is not listed on IDEAS
    11. Michael Power, 2010. "Fair value accounting, financial economics and the transformation of reliability," Accounting and Business Research, Taylor & Francis Journals, vol. 40(3), pages 197-210.
    12. Geoffrey Whittington, 2008. "Fair Value and the IASB/FASB Conceptual Framework Project: An Alternative View," Abacus, Accounting Foundation, University of Sydney, vol. 44(2), pages 139-168, June.
    13. Heather A. Wier, 2009. "Fair Value or Conservatism: The Case of the Gold Industry," Contemporary Accounting Research, John Wiley & Sons, vol. 26(4), pages 1207-1233, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    fair value; literature review; research direction; databases;
    All these keywords.

    JEL classification:

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

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