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首页> 外文期刊>International Journal of Business and Management >Own Credit Risk Accounting, Modigliani-Miller Theorem, and the Fallacy of Counter-Intuitive Results
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Own Credit Risk Accounting, Modigliani-Miller Theorem, and the Fallacy of Counter-Intuitive Results

机译：自己的信用风险会计，Modigliani-Miller定理以及反直观结果的谬误

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Purpose: This article tests own credit risk accounting under Modigliani-Miller theory to determine whether there is a fundamental fallacy in the unsolved issue of counter-intuitive results. Design/methodology/approach: A system of equations derived from the MM theorem to own risk. Findings: Solutions to the wealth transfer hypothesis. Parameters of issuer and holder that nullify own credit risk gain/loss and impairment loss/gain. A theoretical framework is developed to reconcile accounting to Modigliani-Miller theory. If the MM theory is true, as generally it is held to be, the system of equations shows that the recognition of own credit gain or loss would arise from different accounting measurement bases of liability own risk versus assets impairment, and by not reflecting the rebound effect in liability fair value measurement, in both cases not a faithfully representation of the substance of the facts and circumstances. The former would require a re-alignment between impairment and financial liability measurement rules. The latter would require a rethinking of fulfillment vs. fair value measurement to these liabilities. In addition, given the tenet that the accounting does not recognize shareholder wealth transfer, the current financial performance dilemma can be solved by recognizing in equity the concept of capital maintenance adjustment. Originality: Rare, if not unique, innovative direct application of MM paradigm to own risk. Implications: Significant contribution to the debate on performance and OCI, counter-intuitive results and accounting mismatch, fulfilment value versus fair value, incomplete recognition of contemporaneous asset value, and the definition of income in the Conceptual Framework.
机译：目的：本文在Modigliani-Miller理论下测试了自己的信用风险核算，以确定是否存在反向直观结果的未解决问题的基本谬误。设计/方法/方法：从MM定理源自拥有风险的方程式系统。调查结果：财富转移假设的解决方案。发行人和持有人的参数，无效自己的信用风险增益/亏损和减值损失/收益。制定了理论框架，以协调对Modigliani-Miller理论的核算。如果MM理论是真的，通常它被认为是，方程式的系统表明，从不同的会计衡量责任基础与资产减值的不同会计衡量标准基础产生识别，并不反映出反弹在责任公允价值计量中效应，两种情况下都不是忠实地代表事实和情况的实质。前者需要重新定位减值和财务责任测量规则。后者将需要重新思考与这些负债的履行与公允价值计量。此外，鉴于会计不承认股东财富转移的宗旨，目前的财务绩效困境可以通过公平认可资本维护调整的概念来解决。原创性：罕见，如果不是独特的，创新直接应用MM范式自有风险。含义：对绩效和OCI的辩论，反向直观的结果和会计不匹配，履行价值与公允价值不完全承认同期资产价值的重大贡献，以及概念框架中收入的定义。

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