期刊名称：Annales Universitatis Apulensis : Series Oeconomica
印刷版ISSN：1454-9409
出版年度：2013
卷号：15
期号：1
页码：54-61
出版社：“1 Decembrie 1918” University of Alba Iulia
摘要：The purpose of this quantitative, correlative, and survey-based study was to determine whether the use of fair value accounting by publicly-listed companies in Turkey and Romania was associated with significant variation in investors' (1) optimism about increases in the company's stock price, (2) likelihood of buying more stock, and (3) evaluation of the company's transparency. After controlling for company size, industry, and geographic location, it was found that the use of fair value accounting is associated with higher investor optimism about stock prices and increased likelihood of investors buying more stock. Investors' evaluations of company transparency did not vary according to whether the company used fair value accounting. Furthermore, based on country-specific analysis, it was concluded that Turkey is justified in its more aggressive adoption of fair value accounting whereas Romania ought to move towards both IFRS in general and fair value accounting in particular. This conclusion was justified by data analysis revealing that Turkish companies are larger are more profitable than Romanian companies in thesame industries.
关键词：Fair value accounting; Turkish accounting; Romanian accounting
