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La comptabilité en « juste valeur » permet-elle une meilleure représentation de l’entreprise ?

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  • Jean-François Casta

Abstract

[fre] Cet article s'interroge sur l'utilité d'une mesure de la richesse et du revenu de l'entreprise fondée sur la juste valeur. La question « l'évaluation à la juste valeur est-elle pertinente ? » peut s'analyser ainsi : les « nombres comptables » reposant sur la juste valeur donnent-ils une meilleure estimation de la valeur de l'entreprise et du risque d'activité ? Quel est leur contenu informatif pour les utilisateurs ? Quelle est l'utilité de l'information en juste valeur pour la prise de décision ? Cet article tente de répondre à ces questions en examinant les fondements et les limites du modèle comptable traditionnel ; en analysant ensuite les déterminants et le processus d'émergence de la juste valeur au regard du rôle assigné aux états financiers et des besoins des utilisateurs ; en présentant enfin une synthèse des travaux empiriques relatifs à l'évaluation de l'utilité de l'information comptable en juste valeur. . Classification JEL : G14, M41 [eng] Is the fair value a true measurement of firm's value ? . This article analyses the utility of a fair value measurement of firm's income and value. The answer of the question « Is fair value relevant ? » concerns three subjects : Do fair value accounting standards explain a best assessment of the enterprise's value and of its business risk ? What is the information for stakeholders and shareholders ? What is the utility of fair value for decision making ? This article considers bases and limits of traditional accounting model. It analyses determining factors and emerging process of fair value regarding uses and needs of financial statements. This article presents a survey of empirical works assessing utility of fair value in accounting. . JEL classifications : G14, M41

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  • Jean-François Casta, 2003. "La comptabilité en « juste valeur » permet-elle une meilleure représentation de l’entreprise ?," Revue d'Économie Financière, Programme National Persée, vol. 71(2), pages 17-31.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2003_num_71_2_4842
    DOI: 10.3406/ecofi.2003.4842
    Note: DOI:10.3406/ecofi.2003.4842
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    References listed on IDEAS

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    1. repec:dau:papers:123456789/1858 is not listed on IDEAS
    2. Jean-François Casta, 2009. "Incertitude et comptabilité," Post-Print halshs-00679551, HAL.
    3. Jean-François Casta & Bernard Colasse, 2001. "Juste valeur," Post-Print halshs-00669417, HAL.
    4. Jean-François Casta, 2003. "La comptabilité en « juste valeur » permet-elle une meilleure représentation de l’entreprise ?," Revue d'Économie Financière, Programme National Persée, vol. 71(2), pages 17-31.
    5. Cornett, Marcia Millon & Rezaee, Zabihollah & Tehranian, Hassan, 1996. "An investigation of capital market reactions to pronouncements on fair value accounting," Journal of Accounting and Economics, Elsevier, vol. 22(1-3), pages 119-154, October.
    6. Beatty, Anne & Chamberlain, Sandra & Magliolo, Joseph, 1996. "An empirical analysis of the economic implications of fair value accounting for investment securities," Journal of Accounting and Economics, Elsevier, vol. 22(1-3), pages 43-77, October.
    7. Barth, Mary E. & Landsman, Wayne R. & Wahlen, James M., 1995. "Fair value accounting: Effects on banks' earnings volatility, regulatory capital, and value of contractual cash flows," Journal of Banking & Finance, Elsevier, vol. 19(3-4), pages 577-605, June.
    8. Khurana, Inder K. & Kim, Myung-Sun, 2003. "Relative value relevance of historical cost vs. fair value: Evidence from bank holding companies," Journal of Accounting and Public Policy, Elsevier, vol. 22(1), pages 19-42.
    9. Eccher, Elizabeth A. & Ramesh, K. & Thiagarajan, S. Ramu, 1996. "Fair value disclosures by bank holding companies," Journal of Accounting and Economics, Elsevier, vol. 22(1-3), pages 79-117, October.
    10. James A. Ohlson, 1990. "A Synthesis of security valuation theory and the role of dividends, cash flows, and earnings," Contemporary Accounting Research, John Wiley & Sons, vol. 6(2), pages 648-676, March.
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    Cited by:

    1. Gregory Heem & Dominique Dufour, 2012. "Crise financière et comptabilité : le cas du reclassement des instruments financiers dans les banques européennes," Post-Print halshs-00721108, HAL.
    2. Zine-Eddine, Yasmine, 2017. "Les normes IAS/IFRS et le défi du traitement comptable du Goodwill [IAS/ IFRS standards and the challenges in the Goodwill accounting treatment]," MPRA Paper 76403, University Library of Munich, Germany.
    3. Samira Demaria, 2006. "Vers une dynamique de la convention « coût historique » sous l'effet de l'application des normes comptables IAS/IFRS ?," Post-Print halshs-00548086, HAL.
    4. Bernard Colasse, 2009. "La normalisation comptable internationale face à la crise," Revue d'Économie Financière, Programme National Persée, vol. 95(2), pages 387-399.
    5. Samira Demaria & Grégory Heem, 2014. "L'évolution du lien entre les normes comptables et prudentielles : une analyse du point de vue des parties prenantes du secteur bancaire," GREDEG Working Papers 2014-36, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    6. repec:dau:papers:123456789/3889 is not listed on IDEAS
    7. Jean-François Casta, 2003. "La comptabilité en « juste valeur » permet-elle une meilleure représentation de l’entreprise ?," Revue d'Économie Financière, Programme National Persée, vol. 71(2), pages 17-31.
    8. Chedli Baccouche & Sana Ben Ghodbane, 2012. "Fair value evaluation: analysis and determinants," International Journal of Critical Accounting, Inderscience Enterprises Ltd, vol. 4(1), pages 77-91.
    9. Isabelle Miroir Lair & Caroline André, 2014. "La Liberte D'Appreciation De L'Information Financiere Introduit Du Jeu Dans Les Comptes," Post-Print hal-01899785, HAL.
    10. Jean-François Casta & Hamza Bahaji, 2014. "Juste Valeur Et Risque De Modele : Le Cas De La Valorisation Des Stock-Options," Post-Print hal-01899601, HAL.

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    More about this item

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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