Purpose

This paper examines the impact that fair-value recognition of non-financial assets has on the judgments of commercial lenders.

Design/methodology/approach

Commercial lenders, who were attending a national banking conference, participated in a controlled experiment.

Findings

The experimental results show that commercial lenders incorporate fair values into their judgments but only when this information is recognized (vs disclosed) on the financial statements. Additionally, lenders assigned the highest loan interest rates when recognized fair values increased net income, and they assign the lowest loan amounts when recognized fair values decreased net income.

Research limitations/implications

Typical limitations regarding behavioral experiments are acknowledged in the paper. For example, the commercial lenders in this study could not request additional information. In addition, because of the difficulty in obtaining these participants, the sample size is relatively small.

Practical implications

US Generally Accepted Accounting Principles (GAAP) does not allow the fair-market valuation for most non-current assets while International Financial Reporting Standards (IFRS) require such valuations. The article adds to our understanding about how a significant user group of financial statements, commercial lenders, view GAAP and IFRS accounting.

Social implications

This article provides insights regarding how commercial lenders' decisions may change based on accounting principles related to asset valuation. Obtaining credit through loans has significant implications for society.

Originality/value

This article is unique because it examines commercial lenders' judgments using different asset valuations on the financial statements.

中文翻译：

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商业贷款人的判断和公允价值确认：对未来会计准则影响的调查

目的

本文研究了非金融资产的公允价值确认对商业贷方判断的影响。

设计/方法/方法

参加全国银行业会议的商业贷款人参加了一个受控实验。

发现

实验结果表明，商业贷方将公允价值纳入其判断，但前提是该信息仅在财务报表中被确认（相对于已披露）。此外，当已确认的公允价值增加净收益时，贷方分配最高的贷款利率，而当已确认的公允价值减少净收益时贷方分配的最低贷款额。

研究局限/意义

该论文承认了有关行为实验的典型限制。例如，本研究中的商业贷方无法请求其他信息。另外，由于难以获得这些参与者，因此样本量相对较小。

实际影响

美国公认会计原则（GAAP）不允许对大多数非流动资产进行公平市场估值，而国际财务报告准则（IFRS）要求进行此类估值。本文增加了我们对重要的财务报表用户组，商业贷方如何看待GAAP和IFRS会计的理解。

社会影响

本文提供了有关商业贷款人的决定如何根据与资产评估有关的会计原则发生变化的见解。通过贷款获得信贷对社会具有重大影响。

创意/价值

本文之所以独特，是因为它使用财务报表上的不同资产评估来审查商业贷方的判断。