Template-type: ReDIF-Paper 1.0
Author-Name: Palea Vera 
Author-Email: vera.palea@unito.it
Author-Name: Maino Renato
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Fair Value Measurement under IFRS 13: A Faithful Representation of Real-World Economic Phenomena?
Abstract: In this paper, we discuss IFRS 13 with regard to private equity valuation
We raise issues on the fair value definition as an exit price and question the reliability of valuation techniques
which are categorized into Level 2 fair value hierarchy.
Our paper questions whether fair value as defined by IFRS 13 is an appropriate measure for private equities and 
can contribute to enhancing transparency and comparability in financial statements, which is one of the purposes 
of the IASB and the European Union Regulation 1606/2002. 
Length: 32 pages
Creation-Date: 2012-06
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2012dip/10_wp_palea_maino.pdf
File-Format: Application/PDF
Handle: RePEc:uto:dipeco:201210