000			nas a22 7a 4500
999			_c3395 _d3395
005			20170803144225.0
007			ta
008			160505c xxuqr|p|r|||| 00| eng d
022			_a01559982
040			_cUM Bansalan College LIC
082			_aBPer. 657 _bAc27 Vol. 40, i1. _2March 2016
100			_95397 _aSiekkinen, Jimi
245			_aValue relevance of fair values in different investor protection environments/ _cby Jimi Siekkinen.
260			_aAmsterdam: _bElsevier, _cc2016.
300			_ap.1-15.
440			_95407 _aAccounting Forum. _n p.1-15 _vVolume 40, Issue 1, March 2016 _x0155-9982
500			_aIncludes references.
520			_aThis paper examines whether the value relevance of fair values varies across investor protection environments. By analyzing financial firms from 34 countries this study finds evidence that fair values, irrespective of the level in the fair value hierarchy, are value relevant in countries with a strong or medium investor protection environment. In a weak investor protection environment, only market prices (level 1) are relevant to investors. In addition, the results indicate that the difference in value relevance between market prices (level 1) and fair value estimates (level 3) decreases with the quality of investor protection.
650		0	_95398 _aIFRS 13
650		0	_95399 _aFair value accounting.
650		0	_95400 _aInvestor protection.
650		0	_95401 _aValue relevance.
650		0	_95402 _aFair value hierarchy.
942			_2ddc _cBPER.