期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2010
卷号：10
期号：1
语种：English
出版社：Ovidius University Press
摘要：It is argued that the current accounting and risk assessment methods have played an important role in developing financial panic. Mark-tomarket models and fair value accounting seem to stand as the basis a market failure and should be replaced by more conservative accounting methods. In this paper we reject this idea,emphasizing the weaknesses of historical cost accounting and mark-to-model financial model. We put the debate in a larger perspective,pointing to the relation between accounting methods and entrepreneurial economic calculation. Also,we criticize the association between fair-value accounting and the current crisis,arguind that the latter is more likely the result of risk regulation that determined herd behavior.
