01267nas a2200169   4500008004100000245006400041210006000105260000900165300001400174490000700188520072500195653001500920100001800935700002600953700001900979856009900998       2003                        eng d00aThe Value Relevance of Equity Method Fair Value Disclosures0 aValue Relevance of Equity Method Fair Value Disclosures  c2003  a1065-10880 v303 aWe assess the valuation implications of the fair value disclosures made for publicly traded securities accounted for under the equity method. We test the association between investors' stock price metrics and fair value disclosures while controlling for book values on a sample of 172 investor firm-years during 1993”1997. Our results indicate that the information in the fair value disclosures is incremental to the information provided by both an investment's equity method book value and equity method reported income. This suggests that there is nothing unique about investments in publicly traded common stock that involve significant influence that makes the fair value disclosures irrelevant for firm valuation.10aAccounting1 aGraham, Roger1 aLefanowicz, Craig, E.1 aPetroni, Kathy  u/biblio/value-relevance-equity-method-fair-value-disclosures-0