Study on the Relationship between Fair Value Accounting and Different Information Users based on the Contradiction between Theoretical and Empirical Fields.

some experts who pay attention to theories hold that fair value accounting can not provide useful information, while others who carry out research on positive accounting insist that it can supply a significant value association. In this paper, a new viewpoint on fair value accounting was proposed. The stockholders were segmented into two categories: the speculative holders and the traditional holders. The speculative holders invested in financial markets in order to get short-term risk return and they could not keep a certain stock for a long time. The traditional ones, so-called enterprise owners, are long-term holders and they invest in product markets to earn long-term stable benefits and control the corporations. The author thought fair value accounting was able to provide enough information for the speculative stockholders but for the traditional ones. The reason for the contradiction between theory and positive experts is that they focus on different perspective of fair value accounting.