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Univ., Diss.--Amsterdam, 2006. / Zsfassung in niederländ. Sprache.

Zugl.: Köln, Universiẗat, Diss., 2005.

Universiẗat, Diss., 2006--Graz.

Thesis (Ph.D)--Virginia Commonwealth University, 2009. / Prepared for: Dept. of Accounting. Title from title-page of electronic thesis. Bibliography: leaves 95-98.

Zugl.: Hagen, Fernuniv., Diss., 2009

Thesis (Ph.D.)--University of Western Australia, 2008.

This study examines the effects of the discretion allowed in fair value accounting on manager selling decisions of Level 3 fair value assets and liabilities. Grounded in motivated reasoning and prospect theory, the discretion permitted for Level 3 fair value assets and liabilities is predicted to have behavioral consequences. The study employs a 2 X 2 between- participant design, manipulating a conservative level of the discretion used to ascertain the fair value (more or less conservative) and the volatility of the historically recognized fair value (low or high). Both graduate students and accounting professionals were asked to read a case scenario and make selling decisions regarding a pool of Level 3 fair value assets purchased six quarters ago. The results indicate that the discretion of the conservative level affects the asking price although the volatility of historically recognized fair values does not significantly influence accounting professionals’ selling choices. In a comparative analysis, as volatility increases, the difference in the asking price increases between the graduate student sample and the professional sample. Additionally, this study provides support that discretion of the conservative level does not affect the likelihood to sell the security, but rather affects the asking price and the lowest price willing to accept if participants were to sell the Level 3 fair value security. These findings contribute to the fair value accounting literature by providing new insights on the effects fair value discretion has on manager decision-making as well as contributing evidence to the fair value accounting relevance debate.

Studien har en deduktiv ansats och undersöker kvantitativ syftet av att förklara effekten med implementeringen av IFRS 13 på värderingsförändringen av förvaltningsfastigheter. Vidare är ändamålet att bidra med ytterligare kunskap till effekten av IFRS 13:s implementering för förvaltningsfastigheter. För att svara på syftet har tre hypoteser formulerats som testas genom Wilcoxons teckenrangtest och Mann-Whitney testet. Testerna analyseras följaktligen med två utvalda huvudteorier, den institutionella teorin och legitimitetsteorin, vilka appliceras och diskuteras i studien.     Resultatet av studien visar att det inte går att påvisa en signifikant skillnad i värderingsförändringen av förvaltningsfastigheter och IFRS 13, för och mellan fastighetsbolag på Large Cap och Mid Cap. Samt att det inte går att påvisa någon signifikant skillnad i värderingsförändringen efter implementeringen av IFRS 13, mellan en intern och extern värdering. Studien uppvisar varierande resultat i koppling till andra länder och varierar noterbart från tidigare studier, framför allt i den slutliga hypotesen som behandlar effekten av IFRS 13 på en extern och intern värdering.

Following an attempt to harmonize the U.S. GAAP and IFRS a new IFRS standard became mandatory in the EU known as IFRS 13 “Fair value measurement” in 2013. The new accounting standard aims to decrease inconsistencies with fair value measurement by introducing new disclosure requirements for fair value assets with no active market (level 3). This study investigates how well Swedish listed firms have complied with the new disclosure requirements, and whether their compliance level has affected the information asymmetry between market participants. The sample consists of Swedish listed firms from Nasdaq OMX within the banking, forestry and real estate industry where fair value assets on level 3 are prevalent. The result revealed that Swedish firms had increased their compliance level with the disclosure requirements; furthermore, the regression analysis indicated a negative relation between an increase in disclosure level and information asymmetry after controlling for some variables. However, since the result was not significant suggestions for future research is to increase the sample size outside of the Swedish context.