تأثير تطبيق محاسبة القيمة العادلة على أداء القطاع المصرفي
محمد سيف الدين أمين جبر
Mohammed S.A. Jaber
The purpose of this study is to assess the impact of applying the fair value accounting, mainly after the issuance of the international financial reporting standards IFRS 9 "Financial instruments" and IFRS 13 " Fair value measurement" on the bank sector performance, represented by both financial and non-financial measures, the financial measures include market value added, return on equity, and the financial stability measures, whereas the non-financial measures include the credit policy and the risk management policy. To Achieve the purpose of the study, an intentionally selected sample of (6) banks listed in Palestine Exchange, to test its financial indicators for the period 2007-2018 assuming 2013 as a separating point of time before and after the implementation of IFRS 9 and IFRS13, to assess their requirements impact on the financial performance. On the other hand, to test the extent to which the banks commit to apply the fair value accounting, and assess its impact on the non-financial performance, the questionnaire responses of (142 intentionally selected employees within the headquarter staff of the financial department, credit department, and the risk management) been analyzed to determine the expected influences. The study results revealed that the listed banks in Palestine Exchange commit to apply the fair value accounting as per the requirements of IFRS 9 and IFRS 13, and that applying the fair value accounting impacts the financial performance ت measured by the market value added and the financial stability indicators, however, there were no such impact on the return on equity indicator. And that applying the fair value accounting based on IFRS 9 and IFRS 13 affects the non-financial performance indicators measured by the credit and risk management policies. The study recommended executing new studies, including other variables on other economic sectors, to access the impact of applying the fair value accounting on the financial and non-financial performance, and compare its results with the results of this study, in addition; following the continuous adjustments on fair value accounting and its related standards, by adjusting the internal policies, such as the credit and risk management policies.