This chapter examines fair value's supposed capacity to improve the informative value of financial statements. It then addresses the link between book value and market value, i.e. the question of whether knowledge of past accounting information ( balance sheets and income statements ) can contribute information on future trenders .
JENY, A. (2007). Fair value and valuation models. In: The Routledge Companion to Fair Value and Financial reporting. 1st ed. Routledge, pp. 91-102.