文档介绍：Journal of International Accounting,
Auditing & Taxation 11 (2002) 155–163
An investigation of the effect of valuation alternatives
for fixed assets on the decisions of statement users
in the United States and Germany
Linda M. Nichols a,∗, Kurt H. Buerger b,1
aRawls College of Business, Texas Tech University, Lubbock, TX 79409, USA
bDepartment of Accounting, Economics, and Finance, Angelo State University, San Angelo, TX 76909, USA
Abstract
This study examines the effect of differing methods of fixed asset valuation on lending decisions
made by bankers in the . and Germany. Bankers from both countries were asked to make a lending
decision for a pany which used either historical cost or fair value for reporting fixed
assets. The results reveal a significant interaction effect between the home country of the respondent
and the valuation method used.
© 2002 Elsevier Science Inc. All rights reserved.
Keywords: Valuation; Fixed assets; Statement users; Decision models; Lending decisions
Throughout the decade of the 1990s, and into the new millennium, there has been an explo-
sion in the number of truly multinational enterprises. Companies have found that the market-
place is now a global marketplace, and that they must operate internationally to petitive.
We are now moving closer to having a truly global market for capital. As a result, the need
and desire for accepted international accounting standards is ing more pressing. Many
countries already endorse the accounting standards issued by the International Accounting
Standards Board (IASB) as their own, either without amendment or with minor additions or
deletions. In 2001, the mission announced that it will require all pa-
nies in the European Union to publish consolidated financial statements in accordance with
IASB standards beginning in 2005. panies already adhere to IASB standards, even
though it is not required.
∗ Corresponding author. Tel.: +1-806-742-1541.
E-mail addresses: l