Fair value measurement and accounting restatements

Yi Hung Lin, Steve Lin, James M. Fornaro, Hua Wei Solomon Huang

研究成果: Article同行評審

13 引文 斯高帕斯(Scopus)


This study investigates the association between accounting restatements and reporting different levels of fair value measurements as defined by SFAS No. 157. We find that firms with higher ratios of Level 3 fair value assets (i.e., financial assets which fair values are determined by unobservable, firm-generated inputs) to total assets are more likely to subsequently restate their financial statements. Further analysis shows that this association is driven by the restatements caused by errors and managerial manipulation. Overall, our results suggest that use of less reliable (Level 3) fair value measurements may reduce financial reporting quality.

頁(從 - 到)30-45
期刊Advances in Accounting
出版狀態Published - 2017 九月

All Science Journal Classification (ASJC) codes

  • 會計
  • 金融


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