Wartość godziwa w kontekście zrównoważonego rozwoju
Fair value in the context of sustainable development

Summary/Abstract: The main purpose of the paper is to discuss the negative impact of wide use of fair value in financial reporting. The use of fair value is extended far beyond entities acting on the financial markets. Due to the destabilizing influence of global speculative capital on commodities prices worldwide the companies acting on “non-financial” markets are exposed to commodities prices risk. Striving to hedge this risk they also participate in global processes which impact their financial statements. The author also discusses the critics of theoretical background for fair value use in accounting.

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