In his research, SMU Associate Professor of Accounting Jeffrey Ng studies how capital markets respond to information. He deepened his expertise by focusing on the banking sector. Out of all the information provided by banks, one type of information struck him as especially important and became his current research interest: fair valuation. Despite the growing impetus for fair valuation, the process of deriving a fair valuation estimate is not without inherent limitations, Associate Prof Ng said. Firstly, fair valuation estimates are volatile, especially for assets such as stocks. A second limitation is the issue of subjectivity. In order to address this, Associate Prof Ng has initiated a study of cross-country differences in fair valuation estimates, together with colleagues from the SMU School of Accountancy, namely Assistant Professor Kevin Ow Yong Keng, Associate Professor Gary Pan and Associate Professor Lim Chu Yeong.