Basic Research in Fair Value Measurement of Liabilities and Changes in Own Creditworthiness

本研究的目的是通过关注负债的公允价值计量和自身信誉的变化来调查公允价值会计中的问题。本研究的主要结果如下。(1)理想的公允价值会计以及IASB和FASB提出的会计处理方法难以解决金融负债公允价值计量中存在的问题。(2)以资产负债表为中心的会计模式会对财务报告的估值作用和契约作用产生负面影响。(3)公允价值会计将导致银行改变其行为并导致顺周期性。这些结果表明，以公允价值计量资产和负债的股票会计损害了会计信息的有用性。

The purpose of this study is to investigate issues in fair value accounting by focusing on fair value measurement of liabilities and changes in own creditworthiness. The main results of this study are as follows. (1) It is difficult for the ideal fair value accounting and the accounting treatments proposed by the IASB and the FASB to solve issues in fair value measurement of financial liabilities. (2) The accounting model that focuses on the balance sheet would have negative effects on the valuation role and the contracting role of financial reporting. (3) Fair value accounting would lead banks to alter their behavior and cause procyclicality. These results indicate that stock-based accounting that measures assets and liabilities at fair value impairs the usefulness of accounting information.