The Decision Usefulness of Additional Fair Value Disclosures

One Disclosure Type Does Not Fit All Nonprofessional Investors’ Needs

Theresa Herrmann (Autor)

Buch | Softcover

XIX, 181 Seiten

2019 | 1st ed. 2019
Springer Fachmedien Wiesbaden GmbH (Verlag)
978-3-658-24831-4 (ISBN)

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Conducting an experiment Theresa Herrmann investigates why nonprofessional investors fail to incorporate disclosures on fair value estimates into their investment decision and what causes this exclusion. Differentiating between different types of disclosures and the development of the fair value (gain vs. loss) the results indicate that with a fair value gain, none of the disclosure information increases decision usefulness, irrespective of the presentation format. When a fair value loss occurs, fair value disclosures presented in a salient presentation format decrease decision usefulness. Thus, investors have varying information needs that are strongly linked to the development of a firm's key asset.

Dr. Theresa Herrmann completed her doctoral study under the supervision of Prof. Dr. Maik Lachmann at the department of financial accounting and management control at Technische Universität Berlin.

Financial Reporting for Capital Market Participants.- Differences in Information Needs and Usage by Capital Providers.- Theoretical Background and Predictions on Facilitating the Usage of Disclosures for Investors.- Experimental Results.

Erscheinungsdatum	09.01.2019
Reihe/Serie	Controlling und Rechnungslegung - Managerial and Financial Accounting
Zusatzinfo	XIX, 181 p. 1 illus.
Verlagsort	Wiesbaden
Sprache	englisch
Maße	148 x 210 mm
Gewicht	271 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
Schlagworte	Experimental research • Fair value accounting • Financial Accounting • IFRS • Internationa Financial Reporting Standards
ISBN-10	3-658-24831-9 / 3658248319
ISBN-13	978-3-658-24831-4 / 9783658248314
Zustand	Neuware