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Trends in Disclosures on Port Concession Fair Value Measurement

Author

Listed:
  • Galina Sabcheva

    (University of Economics - Varna)

Abstract

The article purpose is to propose and apply an indicator (disclosure index) to measure the compliance degree with fair value disclosure requirements for port concession based mainly on IFRS 13 Fair value measurement. As a result of the study, the estimated fair value disclosure index values are reduced with the assessment criteria increase. This trend can be associated with the Bulgarian enterprises inherent reserve about fair value measurement application of a wide range of assets and conservatism in the assets recognition when no reliable measure can be determined. It would be appropriate this hypotheses to be further explored in future research on the concession-holders` management reporting motives.

Suggested Citation

  • Galina Sabcheva, 2017. "Trends in Disclosures on Port Concession Fair Value Measurement," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, issue 2, pages 110-121, November.
    • Handle: RePEc:vra:journl:y:2017:i:2:p:110-121
    as

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    File URL: http://www.su-varna.org/izdanij/2017/ikonomika-017-2/110-121.pdf
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    References listed on IDEAS

    as
    1. Tim Loughran & Bill Mcdonald, 2014. "Measuring Readability in Financial Disclosures," Journal of Finance, American Finance Association, vol. 69(4), pages 1643-1671, August.
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    More about this item

    Keywords

    disclosure index; fair value; port concession; measurement;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

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