Research Article

An analysis of the extent and use of fair value by JSE Top 40 companies

Published in: South African Journal of Accounting Research
Volume 36 , issue 2 , 2022 , pages: 81–104

DOI: 10.1080/10291954.2020.1860484

Author(s): Wayne van Zijl , South Africa , Valencia Hewlett , South Africa

Keywords: Fair value , JSE , South Africa , IFRS 13 , measurement models , IFRS

Abstract

Fair value’s advantages, disadvantages and ideology have been debated thoroughly by academics and practitioners for decades. The few implementation papers which do exist are primarily concerned with developed economies. This gap is despite the prior literature acknowledging the likely difficulties of fair value use by less developed markets and economies. This paper contributes to addressing this gap by providing an analysis of the extent and use of fair value by Johannesburg Stock Exchange (JSE) Top 40 companies for the period 2013–2017.

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