The Risk Implications of Valuation Methods for Long-Lived Assets
學年 107
學期 1
出版（發表）日期 2018-09-01
作品名稱 The Risk Implications of Valuation Methods for Long-Lived Assets
作品名稱（其他語言） 長期性資產評價方法的風險意涵
著者 陳維慈; 蕭莉芃; 戴家偉
單位
出版者
著錄名稱、卷期、頁數 證券市場發展季刊 30(3),　p.97-146
摘要 This study examines whether firm managers' choice of valuation methods for long-lived assets between fair value and historical cost affects firm risk. Using a sample of 95 UK listed firms and 754 firm-year observations during the period of 2003 to 2010, we find evidence that, on average, fair value accounting for long-lived assets induces a higher level of systematic risk, relative to historical cost accounting in the pre-IFRS adoption period. In the post-IFRS adoption period, firms choosing fair value accounting have a higher level of positive changes in systematic risk than their counterparts using historical cost accounting. Overall, these findings imply that given a set of costly accounting standards, fair value accounting for non-financial assets needs further considerations.
關鍵字 risk implications;valuation methods;long-lived assets;International Financial Reporting Standards (IFRS)
語言 en
ISSN 1023-280X
期刊性質 國內
收錄於 TSSCI
產學合作
通訊作者
審稿制度 是
國別 TWN
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/126881 )