Fair Value Accounting and the Cost of Equity Capital: The Moderating Effect of Risk Disclosure

被引：2

作者：

Dignah, Ashwag ^{[1
]}

Latiff, Radziah Abdul ^{[1
]}

Karim, Zulkefly Abdul ^{[2
]}

Rahman, Aisyah Abdul ^{[3
]}

机构：

[1] Univ Kebangsaan Malaysia, Fac Econ & Management, Sch Accounting, Bangi, Malaysia

[2] Univ Kebangsaan Malaysia, Fac Econ & Management, Sch Econ, Bangi, Malaysia

[3] Univ Kebangsaan Malaysia, Fac Econ & Management, Sch Management, Bangi, Malaysia

来源：

THE 17TH ANNUAL CONFERENCE OF THE ASIAN ACADEMIC ACCOUNTING ASSOCIATION (2016 FOURA CONFERENCE) | 2017年 / 34卷

关键词：

INFORMATION ASYMMETRY; FINANCIAL DISCLOSURE; EXPECTED COST; INCENTIVES; MARKETS; LEVEL;

D O I：

10.1051/shsconf/20173407005

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

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.

引用

页数：5

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