The purpose of this monograph is to present practical and conceptual issues related to fair value measurement in financial reporting and to evaluate certain research design aspects of empirical research that investigates the information properties of fair value measurement, both in an absolute sense and in comparison to other measurement bases. Although the primary focus is on fair value measurement, the evaluation of existing research and suggestions for future research are germane to researchers interested in examining the information properties of any accounting measurement basis. The 2008...