The Value Relevance of Fair Value Financial Assets During and After the 2008 Financial Crisis: Evidence from the Banking Industry
نویسندگان
چکیده
منابع مشابه
Fair Value Accounting and the Financial Crisis: Messenger or Contributor
Did fair value accounting play a role in the current financial crisis? This appendix explores the issue. Fair value accounting implies that assets and liabilities get measured and reflected on a firm`s financial statements at their market value, or close substitutes. Extensive academic research done over the past 20 years shows that financial statements that reflect the market values of assets ...
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15 صفحه اولSFAS 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: Journal of Finance and Bank Management
سال: 2015
ISSN: 2333-6064,2333-6072
DOI: 10.15640/jfbm.v3n1a2