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The Decision Usefulness of Additional Fair Value Disclosures

One Disclosure Type Does Not Fit All Nonprofessional Investors’ Needs

  • Book
  • © 2019

Overview

Authors:
  1. Theresa Herrmann

    1. Berlin, Germany

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  • Publication in the field of economic science

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Table of contents (7 chapters)

  1. Front Matter

    Pages I-XIX
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  2. Introduction

    • Theresa Herrmann
    Pages 1-6

  3. Financial reporting for capital market participants

    • Theresa Herrmann
    Pages 7-29

  4. Differences in information needs and usage by capital providers

    • Theresa Herrmann
    Pages 31-52

  5. Theoretical background and predictions on facilitating the usage of disclosures for investors

    • Theresa Herrmann
    Pages 53-77

  6. Method

    • Theresa Herrmann
    Pages 79-91

  7. Results

    • Theresa Herrmann
    Pages 93-129

  8. Discussion

    • Theresa Herrmann
    Pages 131-137

  9. Back Matter

    Pages 139-181
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Keywords

About this book

Conducting an experiment Theresa Herrmann investigates why nonprofessional investors fail to incorporate disclosures on fair value estimates into their investment decision and what causes this exclusion. Differentiating between different types of disclosures and the development of the fair value (gain vs. loss) the results indicate that with a fair value gain, none of the disclosure information increases decision usefulness, irrespective of the presentation format. When a fair value loss occurs, fair value disclosures presented in a salient presentation format decrease decision usefulness. Thus, investors have varying information needs that are strongly linked to the development of a firm’s key asset.

Authors and Affiliations

  • Berlin, Germany

    Theresa Herrmann

About the author

Dr. Theresa Herrmann completed her doctoral study under the supervision of Prof. Dr. Maik Lachmann at the department of financial accounting and management control at Technische Universität Berlin.

Bibliographic Information

  • Book Title: The Decision Usefulness of Additional Fair Value Disclosures

  • Book Subtitle: One Disclosure Type Does Not Fit All Nonprofessional Investors’ Needs

  • Authors: Theresa Herrmann

  • Series Title: Controlling und Rechnungslegung - Managerial and Financial Accounting

  • DOI: https://doi.org/10.1007/978-3-658-24832-1

  • Publisher: Springer Gabler Wiesbaden

  • eBook Packages: Business and Management, Business and Management (R0)

  • Copyright Information: Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2019

  • Softcover ISBN: 978-3-658-24831-4Published: 07 January 2019

  • eBook ISBN: 978-3-658-24832-1Published: 28 December 2018

  • Series ISSN: 2524-5686

  • Series E-ISSN: 2524-5694

  • Edition Number: 1

  • Number of Pages: XIX, 181

  • Number of Illustrations: 1 b/w illustrations

  • Topics: Accounting/Auditing, Financial Accounting

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