Ebach, Eva Marie; Hertel, Michael; Lindermeir, Andreas; … - In: The Journal of Risk Finance 17 (2016) 3, pp. 310-327
of costly earnings volatility induced by fair value accounted derivatives. The discussion on the adoption of fair value … higher earnings volatility compared to historical cost accounting and, therefore, may initiate a downward spiral during … recessions. Thus, increased earnings volatility induces costs, which can be explained by disappointed capital market expectations …