题　目：Accounting for Cryptocurrencies

嘉　宾：Vivian Fang Professor Kelley School of Business Indiana University

主持人：黄立 助理教授 上海交通大学安泰经济与管理学院

时　间：2024年05月24日（周五）10:00-11:30

地　点：上海交通大学 徐汇校区安泰楼A503室

内容简介:

This paper explores U.S. public firms’ cryptocurrency holdings and accounting practices against the backdrop of the recently enacted crypto accounting rule, ASU 2023-08. Descriptive analyses suggest exponential growth in corporate crypto holdings from 2013 to 2022 and significant variation in crypto accounting practices, underscoring the rule’s necessity. Consistent with theory, firms’ preferences for fair value recognition and disclosure increase with cryptocurrency liquidity. This result aligns with ASU 2023-08’s mandates for actively traded tokens, like Bitcoin and Ethereum, and suggests nuanced considerations for less liquid tokens, like NFTs and entity-issued tokens. Overall, we provide timely evidence relevant to ongoing rule-setting efforts.

演讲人简介：

Vivian Fang is a Professor of Finance and the Richard E. Jacobs Chair in Finance at the Kelley School of Business. Vivian’s research lies at the intersection of corporate finance and financial accounting. Her work has appeared in top finance and accounting journals and has been featured in various media outlets, including Bloomberg, CNBC, Economist, Financial Times, Forbes, Harvard Business Review, Washington Post, and Wall Street Journal. Her research has won several international research awards, including a WFA Best Paper Award in 2015, the IRRC Institute Research Award in 2017, and the 2017 ICPM Research Award. She is a research member of ECGI and serves on the editorial board of Management Science, Journal of Financial and Quantitative Analysis, and Contemporary Accounting Research. Vivian is an enthusiast about crypto education and an expert on crypto accounting. Her comments on crypto-related issues frequently appear on local and national media.

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