Abstract
The use of fair value in China is closely linked with that of the United States, which calls for attention from the Chinese accounting academies. A series of hypothesis were tested and the relationship between the fair value information and the financial enterprises' value was examined. Results revealed that there is a correlation between changes in fair value and the share price of financial companies but not very significant. Furthermore, differences exist in the value relevance of fair value across financial companies (securities corporations and banks) during the sample period.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.