期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2017
卷号：21
期号：2
页码：1-17
语种：English
出版社：The DreamCatchers Group, LLC
摘要：Researchers and analysts have long considered fair-value information related to investment securities useful. To illustrate this, seminal studies on the usefulness of fair-value measurements of investment securities have decomposed bank assets that constitute total market value (Ahmed & Takeda, 1995; Barth, 1994). These studies have shown that changes in unrealized gains and losses of investment securities significantly affect a firm’s stock returns. Several studies on financial institutions also demonstrated the utility of unrealized gains and losses of investment securities (Ahmed, Kilic & Lobo, 2006; Barth, Beaver & Landsman, 1996; Eccher, Ramesh and Thiagarajan, 1996; Nelson, 1996; Park, Park & Ro, 1999; Venkatachalam, 1996). However, Bloomfield, Nelson & Smith (2006) indicated that using fair-value measurement practices can amplify the volatility of a firm’s reported income and stock prices. Given these empirical discrepancies, further investigating the usefulness of fair-value measurement practices is important..
