The Effect of Using the Fair Value on the Rationalization of the Decision to Invest in Securities - Empirical Study on the Casablanca Market During the Period (2000-2014) –

Abstract

The purpose of this paper is to study the impact of the application of fair value on rationalizing the decision to invest in securities, by comparing the information’s relevance of accounting indicators a group which included in the for a sample of enterprises listed on the MASI index, between pre-fair value period (2001-2003) and the post-fair value (2005-2007). Using models Panel Data.

This study finds out that the use of fair value has contributed to improve average earnings per share for Moroccan enterprises, Through improvement in the information provided in accordance with the use of fair value and that helps to rationalize the decision to invest in securities, except for the Algerian market, which did not show any affected after the use of the fair value of the investment in securities.