Firm Characteristic and Fair Value Adoption in the Measurement of Biological Assets

Abstract

Research on how fair value adoption plays an essential role in changing accounting systems in companies. Therefore, this study was conducted to find out the firm characteristics affecting the application of fair value in companies in Vietnam. Statistical analysis technique through a logit model based on 186 companies shows that two business sizes and types of companies impact fair value adoption. In which large-scale companies tend to apply fair value higher than small enterprises. State-owned companies tend to apply fair value higher than joint stock companies operating in the community's interests.