Fair Value Reclassifications of Financial Assets During the Financial Crisis
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چکیده
منابع مشابه
SFAS 157 & the Market’s Assessment of Fair Valued Assets: An Examination of Fair Valued Assets Held by Financial Firms During and Following the Financial Crisis
Introduced in late-2007, SFAS 157 redefined existing accounting standards concerning fair value accounting and significantly impacted financial reporting for financial institutions. Prior studies, using larger samples of financial firms, have concluded that Level 3 fair values (the most opaque and subjective fair values) were heavily discounted by the market. Consistent with prior studies, this...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1628843