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Is there a casual link between disclosure for fair value assets and information asymmetry?
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2016 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Following an attempt to harmonize the U.S. GAAP and IFRS a new IFRS standard became mandatory in the EU known as IFRS 13 “Fair value measurement” in 2013. The new accounting standard aims to decrease inconsistencies with fair value measurement by introducing new disclosure requirements for fair value assets with no active market (level 3). This study investigates how well Swedish listed firms have complied with the new disclosure requirements, and whether their compliance level has affected the information asymmetry between market participants. The sample consists of Swedish listed firms from Nasdaq OMX within the banking, forestry and real estate industry where fair value assets on level 3 are prevalent. The result revealed that Swedish firms had increased their compliance level with the disclosure requirements; furthermore, the regression analysis indicated a negative relation between an increase in disclosure level and information asymmetry after controlling for some variables. However, since the result was not significant suggestions for future research is to increase the sample size outside of the Swedish context. 

Place, publisher, year, edition, pages
2016. , 45 p.
Keyword [en]
IFRS 13, fair value, information asymmetry, disclosure
National Category
Business Administration
URN: urn:nbn:se:uu:diva-297730OAI: diva2:943351
Subject / course
Business Studies
Educational program
Master Programme in Accounting, Auditing and Analysis
Available from: 2016-06-29 Created: 2016-06-27 Last updated: 2016-06-29Bibliographically approved

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