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The Valuation of Employee Stock Options - How Good Is the Standard?
Raupach, Peter - 2003
This study contributes to the valuation of employee stock options (ESO) in two ways: First, a new pricing model is presented, admitting a major part of calculations to be solved in closed form. Designed with a focus on good replication of empirics, the model fits with publicly observable...
Persistent link: https://www.econbiz.de/10010316309
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A multi-factor model for the valuation and risk management of demand deposits
Dewachter, Hans; Lyrio, Marco; Maes, Konstantijn - 2006
How should we value and manage deposit accounts where deposits have a zero contractual maturity, but which, in practice, remain stable through time and are remunerated below market rates? Does the economic value of the deposit account differ from the face value and can we reliably measure it? To...
Persistent link: https://www.econbiz.de/10011506605
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Accounting for Financial Instruments in the Banking Industry
Gebhardt, Günther; Reichardt, Rolf; Wittenbrink, Carsten - 2002
Recent changes in accounting regulation for financial instruments (SFAS 133, IAS 39) have been heavily criticized by representatives from the banking industry. They argue for retaining a historical cost based mixed model where accounting for financial instruments depends on their designation to...
Persistent link: https://www.econbiz.de/10010316245
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The Cost of Employee Stock Options
Raupach, Peter - 2003
This paper determines the cost of employee stock options (ESOs) to shareholders. I present a pricing method that seeks to replicate the empirics of exercise and cancellation as good as possible. In a first step, an intensity-based pricing model of El Karoui and Martellini is adapted to the needs...
Persistent link: https://www.econbiz.de/10010316271
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Constructing accounting uncertainity estimates variable
Serdarevic, Nino - In: e-Finanse: Financial Internet Quarterly 8 (2012) 3, pp. 62-75
revaluations. I draw special attention to recent IFRS convergences to US GAAP, especially in harmonizing with FAS 130 Reporting …
Persistent link: https://www.econbiz.de/10011551376
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Die bilanzielle Behandlung von Zweckgesellschaften und ihre Bedeutung im Rahmen der Corporate Governance. Betriebswirtschaftlihe Handlungshilfen
Schäfer, Henry; Kuhnle, Oliver - 2006
Fälle wie der des insolventen amerikanischen Energiekonzerns Enron erwecken den Eindruck, dass Special Purpose Entities in erster Linie dazu gegründet werden, den Einblick Unternehmensexterner in die wirtschaftliche Lage eines Unternehmens zu begrenzen. Die kritische Einstellung zu solchen...
Persistent link: https://www.econbiz.de/10011315102
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Bankbilanzen nach IFRS: Betriebliche Mitbestimmung und betriebliche Handlungshilfen
Sollanek, Achim; Hansen, Pascal - 2012
internationalen Rechnungslegungsvorschriften IAS/IFRS aufstellen, erschwert dieBeurteilung der wirtschaftlichen Lage durch … Änderungsrhythmus.Mit dieser Broschüre wollen wir die Darstellung von Bank-Geschäften im Jahresabschluss nach IAS/IFRS verständlich …
Persistent link: https://www.econbiz.de/10011892772
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Comparability and predictive ability of loan loss allowances: The role of accounting regulation versus bank supervision
Gebhardt, Günther; Novotny-Farkas, Zoltán - 2018
loss approach under International Financial Reporting Standards (IFRS) in the European Union (EU) affects the cross … loss allowances, we also examine the role of supervisors in determining financial statement effects around IFRS adoption … that the predictive ability of loan loss allowances improved following IFRS adoption. Finally, in supplemental analyses we …
Persistent link: https://www.econbiz.de/10011847881
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Fair value accounting and financial stability
Enria, Andrea; Cappiello, Lorenzo; Dierick, Frank; … - 2004
Accounting standard setters are considering the wider use of fair value accounting. This paper focuses on the financial stability implications of a move in the banking sector from the current accounting framework to full fair value accounting. A simulation exercise is performed on how various...
Persistent link: https://www.econbiz.de/10011606165
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Derivate Finanzinstrumente im Jahresabschluss nach HGB und IFRS
Schäfer, Henry; Frank, Beate - 2008
Derivate sind Finanzinstrumente, die Unternehmen nutzen, um Geschäftsrisiken abzusichern und Spekulationsgewinne zu erzielen. Verglichen mit "einfachen" Finanzprodukten, wie Aktien, Sparbüchern und Termingeldern sind sie jedoch wesentlich abstrakter und gelten daher als schwer...
Persistent link: https://www.econbiz.de/10012052702