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This effect even endures in the presence of fair value information about the asset being sold.
Instead, it should become a matter of fair value.
While many argue that fair value is the most relevant measurement basis for financial reporting, other observers express concerns about the reliability (or "faithful representation"), and thus the usefulness, of fair value measurements.
Out of that McAdoo deal came a generation's worth of fair value, if no title.
Even so, the perennially undervalued yuan has scarcely moved towards the Big Mac measure of fair value.
In light of our discussion of Bhat and Ryan's study, we argue that future research should aim to extend our understanding of the fair value estimation process and the factors that explain variation in the reliability of fair values as well as the channels through which investors learn about fair value measurement reliability.
The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA).
In their advocacy of fair-value accounting, accountants are rightly pursuing the interests of investors.
There many arguments in favor of fair-value accounting.
That translates to fair value of $25/share.
In fair value litigation, the inherent sensitivity of the components of DCF analyses to small changes in projected cash flows, discount rates, and/or terminal values can result in major deviations in appraised values.
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