Title :
The Role of Fair Value Accounting for Investment in Securities: Evidences from the Chinese Banking Industry
Author :
Li Jing ; Park Sang-Kyu
Author_Institution :
Dept. of Accounting, Gyeongsang Nat. Univ., Jinzhou, South Korea
Abstract :
The purpose of this study is to examine the role relevance of fair value accounting measurement for investment in securities. Our sample is composed of Chinese listed commercial Banks from period 2006 to the end of 2008. The empirical result show that First, the positive relationship between stock market value and losses of investment, stock market value and securities investment. Second, the explanation power of fair value measures for long-time equity investment is less than that for other items in the banking industry. Third, the explanation power of fair value measures for gains or losses is more than that for other items in the banking industry.
Keywords :
banking; investment; securities trading; Chinese banking industry; Chinese listed commercial banks; fair value accounting; long-time equity investment; securities; stock market value; Banking; Investments; Loss measurement; Power measurement; Reliability; Security;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5576527
