Value Relevance of FAS No. 157 Fair Value Hierarchy Information and the Impact of Corporate Governance Mechanisms

By C. Song, Wayne B. Thomas, Han Yi. 2010

568 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/fd63cc11797a035adf9f04f7cd3402f5d0c4620a

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Citations in the corpus

The Impact of Corporate Governance on IFRS Adoption Choices (2013, background): “2Previous studies extensively document the heterogeneity in fair value inputs used for financial instruments (Song et al., 2010; Kolev, 2009; Goh et al., 2009) and in the fair value or historical cost choice for investment property (Muller et al., 2009; Avallone and Quagli, 2008; Christensen and…”
Market pricing of banks’ fair value assets reported under SFAS 157 since the 2008 financial crisis (2015, unknown): “The mean fair value assets 8 Given that our paper focuses on extending Song et al. (2010), we follow their empirical design by using the number of outstanding shares as the scaler.”
Fair value accounting: information or confusion for financial markets? (2014, background): “In line with Song et al. (2010), we add loans valued at amortized cost (Table 4 Panel B) as an additional control variable in our main model.”
Do Chinese government subsidies affect firm value (2014, background): “Western accounting literature, where both earnings and book values have regularly been found to be significant variables in equity valuation (e.g. Barth et al., 1998; Collins et al., 1997; Dechow et al., 1999; Amir and Lev, 1996; Jifri and Citron, 2009; Song et al., 2010).”
The Impact of SEC Disclosure Monitoring on the Uncertainty of Fair Value Estimates (2016, background): “first stream provides market evidence of the relevance and credibility of Level 1, 2 and 3 fair value estimates (Song et al. 2010; Riedl and Serafeim 2011).”
Financial Accounting in the Banking Industry: A Review of the Empirical Literature (2014, unknown): “Based on the classification of three levels of fair value assets under SFAS 157, Song et al. (2010) extend the value relevance literature by considering how fair value measurement affects the value relevance of recognized fair values.”