文章基本信息

标题：Fair Value Accounting and the Cost of Equity Capital: The Moderating Effect of Risk Disclosure
本地全文：下载
作者：Ashwag Dignah ; Radziah Abdul Latiff ; Zulkefly Abdul Karim 等
期刊名称：SHS Web of Conferences
印刷版ISSN：2416-5182
电子版ISSN：2261-2424
出版年度：2017
卷号：34
页码：1-5
DOI：10.1051/shsconf/20173407005
语种：English
出版社：EDP Sciences
摘要：Evidence thus far suggests fair value accounting poses risk and affects firms’ returns in some ways. This research, on a sample of Asian banks, improves the understanding of the information risk effect of fair value accounting by examining the moderating role of risk disclosure in the relationship between fair value accounting and the cost of equity capital. The results from a generalised method of moments on dynamic panel data analysis, show that risk disclosure mitigates the asymmetric information problem. Thus the findings contribute towards the standard setters’ effort in improving the practice of fair value accounting, and suggest that there are benefits in mandating disclosure especially for banks.