Purpose: The purpose of this study is to evaluate the impact of ASU 2016–01 on the predictive value, the confirmatory value and the value relevance of earnings. One of the key provisions of ASU 2016–01 is the requirement that all changes in unrealized gains and losses on all equity...

Many life insurance companies outside the US disclose embedded value (EV), an actuarial estimate of the present value of the future net cash flows arising from the company's in-force life insurance business. Industry surveys have shown that EV is used by analysts for valuation purposes. However,...

Purpose This paper aims to examine the capital market effects and predominance of unregulated embedded value (EV) financial reporting in the life insurance industry in foreign domestic markets, and US markets for foreign firms that cross-list in the USA. Design/methodology/approach Recent...

Scott McGregor is President and CEO of Philips Semiconductors, one of the five divisions of Royal Philips Electronics. Philips Semiconductors, based in Eindhoven, The Netherlands, has over 34,000 employees in more than 50 countries. With sales of around €4.6 billion in 2002, Philips...