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Financial Crisis and the Fair Value Debate

Håkansson, Magnus; Alijagic, Sejla and Patel, Jignasa (2009)
Department of Business Administration
Abstract
Using a case study of comment letters, our purpose is to examine the debate about fair value in accounting which has arisen in the context of the current financial crisis. Methodology: We followed a rather qualitative approach while developing a flow chart in order to categorize and analyze our empirical material. Empirical foundation: Case Study through Analysis of Comment Letters.
Conclusion: The major conclusion that can be drawn from the study is that there is no strong relationship between the main groups and the opinion groups. The different views rather depend on specific industries. All the different opinion groups share the main view that fair value accounting needs improvements and major changes. These views and the expert... (More)
Using a case study of comment letters, our purpose is to examine the debate about fair value in accounting which has arisen in the context of the current financial crisis. Methodology: We followed a rather qualitative approach while developing a flow chart in order to categorize and analyze our empirical material. Empirical foundation: Case Study through Analysis of Comment Letters.
Conclusion: The major conclusion that can be drawn from the study is that there is no strong relationship between the main groups and the opinion groups. The different views rather depend on specific industries. All the different opinion groups share the main view that fair value accounting needs improvements and major changes. These views and the expert debate can easily be looked at as a way to add to the already existing political pressures. (Less)
Please use this url to cite or link to this publication:
author
Håkansson, Magnus; Alijagic, Sejla and Patel, Jignasa
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
Management of enterprises, SFAS No. 157, Procyclicality, Comment Letters, Fair Value, Financial Crisis, Företagsledning, management
language
Swedish
id
1438419
date added to LUP
2009-06-09 00:00:00
date last changed
2012-04-02 17:35:10
@misc{1438419,
  abstract     = {Using a case study of comment letters, our purpose is to examine the debate about fair value in accounting which has arisen in the context of the current financial crisis. Methodology: We followed a rather qualitative approach while developing a flow chart in order to categorize and analyze our empirical material. Empirical foundation: Case Study through Analysis of Comment Letters.
Conclusion: The major conclusion that can be drawn from the study is that there is no strong relationship between the main groups and the opinion groups. The different views rather depend on specific industries. All the different opinion groups share the main view that fair value accounting needs improvements and major changes. These views and the expert debate can easily be looked at as a way to add to the already existing political pressures.},
  author       = {Håkansson, Magnus and Alijagic, Sejla and Patel, Jignasa},
  keyword      = {Management of enterprises,SFAS No. 157,Procyclicality,Comment Letters,Fair Value,Financial Crisis,Företagsledning,management},
  language     = {swe},
  note         = {Student Paper},
  title        = {Financial Crisis and the Fair Value Debate},
  year         = {2009},
}