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L'Information Comptable En Juste Valeur : Quelle Utilite Pour Les Investisseurs ?

Author

Listed:
  • Badreddine Hamdi

    (ERMMES - Laboratoire d'Etudes et de Recherche Méditerranéennes en Management des Entreprises - UTLN - Université de Toulon)

  • Houda Elabidi

    (ERMMES - Laboratoire d'Etudes et de Recherche Méditerranéennes en Management des Entreprises - UTLN - Université de Toulon)

Abstract

The primary purpose of the application of fair value accounting is to provide financial informations that investors find most helpful in their decision making. To help better understand this issue, this research project examines the decision usefulness of fair value information to investors. Using a survey of French financial analysts, this study investigates the principal qualitative characteristics of fair value information. We examine especially whether this information is relevant, reliable and comparable. The results document that financial analysts consider fair value as an approach able to reflect the current economic reality of the firm and to ameliorate the assessment of financial risk by investors. However, most respondents agree that fair value accounting could impair reliability and comparability of financial statements.

Suggested Citation

  • Badreddine Hamdi & Houda Elabidi, 2009. "L'Information Comptable En Juste Valeur : Quelle Utilite Pour Les Investisseurs ?," Post-Print halshs-00459351, HAL.
    • Handle: RePEc:hal:journl:halshs-00459351
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00459351
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    References listed on IDEAS

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    1. Hirst, DE & Hopkins, PE, 1998. "Comprehensive income reporting and analysts' valuation judgments," Journal of Accounting Research, Wiley Blackwell, vol. 36, pages 47-75.
    2. Eccher, Elizabeth A. & Ramesh, K. & Thiagarajan, S. Ramu, 1996. "Fair value disclosures by bank holding companies," Journal of Accounting and Economics, Elsevier, vol. 22(1-3), pages 79-117, October.
    3. Nissim, Doron, 2003. "Reliability of Banks' Fair Value Disclosure for Loans," Review of Quantitative Finance and Accounting, Springer, vol. 20(4), pages 355-384, June.
    4. Haim A. Mozes, 2002. "The Value Relevance of Financial Institutions’ Fair Value Disclosures: A Study in the Difficulty of Linking Unrealized Gains and Losses to Equity Values," Abacus, Accounting Foundation, University of Sydney, vol. 38(1), pages 1-15, February.
    5. Gunther Gebhardt & Rolf Reichardt & Carsten Wittenbrink, 2004. "Accounting for financial instruments in the banking industry: conclusions from a simulation model," European Accounting Review, Taylor & Francis Journals, vol. 13(2), pages 341-371.
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