FAIR VALUE EMPIRICAL STUDIES: AN OVERVIEW ON ACCONTING RESEARCH LITERATURE

Our paper develops a literature review on fair value studies. The purpose of thestudy is to synthesize the main results of accounting research literature empiricallyapproaching fair value measurement. Therefore, our analysis imposes the use of literaturereview methodology. After briefly introducing the concept of fair value, the first part of thepaper follows the shift taking place in accounting paradigms when it comes to accountingmodels. The main part of the paper discusses empirical studies on fair value by closelyanalyzing their research design, the employed research methodology and the obtained results.The originality of the paper as well as its contribution consist in offering a comprehensiveoverview on studies in accounting research literature that analyze fair value accountingthrough an empirical approach. Discussing the relevance and reliability of such studies furtherimpacts upon the relevance of their results and how they can be used.