7月 18, 2017

英国毕业论文代写推荐:金融市场

英国毕业论文代写推荐:金融市场

首先,考虑到市场内部公允价值的不准确,随着国际金融的动荡,企业负债和资产的价值最终严重偏离了会计准则的一致性(Laux&白血病,2009b)。任何资本市场都将由两种不同的市场失灵和效率市场构成。当市场有积极的作用时,由于价格过高,就会高估相关产品所感知到的价值。与此形成对比的是,当市场下跌时,它将导致与产品相关的价值低估(Penman,2007年)。此外,当市场缺乏活动时,资产或证券的价值可以通过评估模型来评估。因此,在这种情况下,找到合理的价值并不容易。

英国毕业论文代写推荐:金融市场

其次,正如霍德等人(2006)、Barth等人(1996)和日冕等(2013)等研究人员所确定的那样,在经济动荡期间,使用公允价值会计是有负面影响的。在这一主张下,充分利用公允价值,严重地降低了企业组织和金融机构抵御风险的能力。当市场有一种积极的作用时,以公允价值衡量的金融产品往往是有利可图的,而大多数情况下,经理们会倾向于不切实际的乐观(权力,2010)。一旦市场表现出较弱的趋势,金融资产的价值就会被低估。按照国际会计协会的标准,金融机构必须根据资产计量的特点,对资产减值准备,进一步降低所有者的权益。这影响了公司的盈利能力,其次是资本充足率(Ramanna,2008年)。与此同时,为了规避任何不利影响,许多公司考虑出售其资产,从而进一步降低每项资产的价值。这种恶性循环直到或除非有破产的时候才会结束。

英国毕业论文代写推荐:金融市场

First, considering the inaccuracy underlying fair value within the market, with the turmoil of international finance, the value of liabilities and assets of business end up seriously deviating the consistency in terms of accounting (Laux & Leuz, 2009b). Any market of capital will be consisting of two different cases of market failure and efficiency market. When there is activeness of market, due to high amount of price, there is proneness in overestimating the value perceived by related products. In contrasting the same, when there is a decline in the market, it will result in the underestimation of value related to the product (Penman, 2007). In addition to this, when there is lack of activeness in the market, the value of assets or securities can be evaluated with the model of valuation. And hence, in these types of circumstances, it is not easy for finding the reasonable value.

英国毕业论文代写推荐:金融市场
Second, as identified by a number of researchers such as Hodder et al. (2006), Barth et al. (1996) and Corona et al. (2013), there are negative effects of using fair value accounting during the turmoil of economy. It is stated under this claim that the utilization of fair value seriously results in reducing the ability of business organization and financial institutes for resistance of risk. When there is an activeness of market, the measurement of financial products by fair value always turns out to be lucrative and mostly, managers hold the tendency of being unrealistically optimistic (Power, 2010). Once there is an expression of weaker tendency by the market, there is an undervaluation for the value of financial assets. As per the IAS, financial institutes have to be accruing towards impairment as per the attributes of measurement for the assets, further reducing the equity of owner. This impacts the profitability of the company followed by the level of ratio for capital adequacy (Ramanna, 2008). At the same point of time, for the evasion of any adverse impact, a number of companies consider selling their assets that further results in declining the value of each and every asset. This vicious cycle does not come to an end until or unless there is a bankruptcy of the back.

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