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The Decision Usefulness of Additional Fair Value Disclosures: One Disclosure Type Does Not Fit All Nonprofessional Investors’ Needs: Controlling und Rechnungslegung - Managerial and Financial Accounting

Autor Theresa Herrmann
en Limba Engleză Paperback – 7 ian 2019
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.
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Specificații

ISBN-13: 9783658248314
ISBN-10: 3658248319
Pagini: 176
Ilustrații: XIX, 181 p. 1 illus.
Dimensiuni: 148 x 210 mm
Greutate: 0.25 kg
Ediția:1st ed. 2019
Editura: Springer Fachmedien Wiesbaden
Colecția Springer Gabler
Seria Controlling und Rechnungslegung - Managerial and Financial Accounting

Locul publicării:Wiesbaden, Germany

Cuprins

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.



Notă biografică

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.


Textul de pe ultima copertă

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.
Contents
  • 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
Target Groups
  • Researchers and students in the field of business administration with focus on international financial accounting
  • Experts and managers in the area of international financial accounting
The Author
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.

Caracteristici

Publication in the field of economic science