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Fair Value Reclassifications of Financial Assets during the Financial Crisis

Bischof, Jannis; Brüggemann, Ulf; Daske, Holger - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2012

At the peak of the financial crisis in October 2008, the IASB amended IAS 39 to grant companies the option of abandoning fair value recognition for selected financial assets. Using a comprehensive global sample of publicly listed IFRS banks, we find that banks use the reclassification option to...

Persistent link: https://www.econbiz.de/10009651904

Disclosure, transparency, and market discipline

Freixas, Xavier; Laux, Christian - Center for Financial Studies - 2011

The aim of this paper is to examine what has been the role of information provision to the market throughout the crisis. We consider two main sources of information to the market, financial statements and information provided by credit rating agencies. We examine how these sources of information...

Persistent link: https://www.econbiz.de/10010958732

Bank cash flows – a source of new insight?

Klumpes, Paul; Welch, Peter; Reibel, Andres - In: Journal of Financial Transformation 26 (2009), pp. 69-78

bank performance, this article recommends a new focus on bank cash flows. We identify weaknesses and deficiencies in the … statement can provide fresh insight into a bank's financial health. However, the article also argues that the international … statements. The article concludes by proposing various changes to improve the quality and utility of bank cash flow reporting. …

Persistent link: https://www.econbiz.de/10008459960

The Swedish model for resolving the banking crisis of 1991 - 93. Seven reasons why it was successful.

Jonung, Lars - Directorate-General Economic and Financial Affairs, … - 2009

This study presents the main features of the Swedish approach for resolving the banking crisis of 1991-93 by condensing them into seven policy lessons. The main features of the Swedish approach to the banking crisis of 1991-93 concern political unity, a government blanket guarantee, swift policy...

Persistent link: https://www.econbiz.de/10008459196

Bank audit practices and loan loss provisioning

Dahl, Drew - In: Journal of Banking & Finance 37 (2013) 9, pp. 3577-3584

I empirically examine the evolution of loan loss accounting across banks that differ categorically by external auditing practice. Using a partial adjustment model, and a sample of 75,505 observations on affiliated banks, 1995–2009, I find evidence of convergence across audit categories in...

Persistent link: https://www.econbiz.de/10011065583

Le lissage du résultat : enjeux spécifiques au secteur bancaire français.

Combes-Thuelin, Elisabeth - Université Paris-Dauphine

L'existence d'une réglementation prudentielle assise sur les fonds propres influence les choix comptables des banques. Les positions restrictives de l'IASC sur les montages déconsolidants et le recours croissant au marché pour évaluer les actifs sont susceptibles de remettre en cause leurs...

Persistent link: https://www.econbiz.de/10008529655

Performance et juste valeur : la communication financière des établissements de crédit.

Escaffre, Lionel; Combes-Thuelin, Elisabeth - Université Paris-Dauphine

Dès le 1er janvier 2005, les normes comptables applicables aux établissements de crédit cotés membres de l'Union européenne seront celles produites par l'IASB. Ces normes accordent une part croissante à la juste valeur. L'objectif de ce papier consiste en l'étude des caractéristiques de...

Persistent link: https://www.econbiz.de/10008532720

Le lissage du résultat : enjeux spécifiques au secteur bancaire français

Thuelin, Elisabeth - Université Paris-Dauphine (Paris IX) - 2001

Persistent link: https://www.econbiz.de/10010742273

Did Fair-Value Accounting Contribute to the Financial Crisis?

Laux, Christian; Leuz, Christian - In: Journal of Economic Perspectives 24 (2010) 1, pp. 93-118

evidence to date points in the opposite direction, that is, toward the overvaluation of bank assets during the crisis. …

Persistent link: https://www.econbiz.de/10008622132

Accounting standards and debt covenants: Has the “balance sheet approach” led to a decline in the use of balance sheet covenants?

Demerjian, Peter R. - In: Journal of Accounting and Economics 52 (2011) 2, pp. 178-202

Recent years have seen a sharp decline in the use of balance sheet-based covenants in private debt contracts. I hypothesize that changes in accounting standards can explain part of this decline. Standard setting has shifted towards a “balance sheet approach”, which I predict has made the...

Persistent link: https://www.econbiz.de/10011043062

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