In this dissertation we present an overview of the proposals of the International Accounting Standards Board for measurement of insurance assets and liabilities at market value. The Board has not yet finalised a standard for insurance contracts, but a Draft Statement of Principles has been published, providing indication of how fair value accounting will be implemented. We focus on life insuran...

We investigate the implications of two axioms specifying how a value should respond to changes in the set of players for TU games. Population solidarity requires that the arrival of new players should affect all the original players in the same direction: all gain together or all lose together. On the other hand, population fair-ranking requires that the arrival of new players should not affect...

The ability to quickly deploy new protocols, and provide flexibility to both applications and network administrators has been an oft-cited reason for active networks to be seriously examined. This paper describes an architecture and implementation that provides dynamic installation of network services and flexibility to active code. An example of weighted fair queuing being installed dynamicall...

In the conditions of an accelerated increase inflation rate last year and current geopolitical pressures, a problem arises as to whether using most relevant measurement basis reflecting economic reality supporting decision-makers in decision-making process. This paper analyzes controversies regarding effect measuring items financial statements based on historical cost over value, with emphasis ...

The US Security and Exchange Commission implemented Regulation Fair Disclosure in 2000, requiring that an issuer must make relevant information disclosed to any investor available to the general public in a fair manner. Focusing on firms that are affected by the regulation, we propose a model that characterizes the behavior of two types of investors—one professional investor and many small inve...

based on valuation model of residual earnings, we cannot use earnings and losses of balance sheet items recorded in fair value for valuation purposes, for the balance sheet provides a perfect estimate of such items’ value. the purpose of this study is to examine whether net financial expenses are related to the market price of stocks in iran, because after initial recording of financial debts, ...

This paper examines whether fair value accounting increases the pro-cyclicality of banks’ lending behavior. Exploiting cross-sectional variation in individual banks’ exposure to fair value accounting, I find that fair value accounting does not exacerbate the pro-cyclicality of bank lending over the past two business cycles during 1995-2010. This result holds despite the fact that every one doll...

Equity has in many instances been framed around the notion of fairness. But the metric used to determine what is fair leaves some people at a disadvantage because the things that they value are not always taken properly into account. If I value mangoes and you value oranges is a measure of fairness based on how many oranges I seek appropriate? If I am expected to give up my love of mangoes in o...