What is it about?
Fair value reporting has created lot of research interest recently. We examined the effect that fair value reporting has on the value of quoted firms in Nigeria
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Why is it important?
Our findings show that fair value reporting does not significantly affect the reported profitability of the firms sampled. However, the study discovered that to effectively evaluate the financial performance and position, knowledge of fair value is not enough. Users also need to know the historical cost of the investment.
Perspectives
It is our hope that this article provokes more research around the theme, to understand the effect of fair value variable on firm valuation
Mr MARY-FIDELIS CHIDOZIEM ABIAHU
Nnamdi Azikiwe University
Read the Original
This page is a summary of: Fair Value Accounting and Reporting, and Firm Value: Evidence from Quoted Deposit Money Banks in Nigeria, Asian Journal of Economics Business and Accounting, August 2020, Sciencedomain International,
DOI: 10.9734/ajeba/2020/v17i130253.
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