Conservative political ideology and the choice of fair value-based accounting procedures

The purpose of this paper is to examine the relationship between conservative political ideology and the selection of fair value based accounting procedures. The theoretical foundations of the present study have been collected through library studies and instrumentation for data collection is questionnaire. The statistical population consisted of experts, accounting directors and financial managers working in companies listed on the stock exchange. The research hypotheses were analyzed using data collected from 215 questionnaires and tested based on correlation method and through multivariate regression. The results show that conservative political ideology has a negative and significant relationship with determining the fair value of fixed assets according to the management of the business unit, however, the relationship between conservative political ideology and the determination of the fair value of fixed assets according to the value of similar items is direct and meaningful. Evidence also shows that as education levels increase, the use of management opinion in determining fair value increases.