-year observations from European banks reporting under IFRS, in contrast to previous research conducted in the US, we find no overall …

This paper examines whether and how the level of exposure to fair value accounting moderates the changes in the value … accounting. This evidence can be explained by the increased valuation weight placed by investors on the book value of equity …

Accounting is sometimes seen just as a veil leaving the economic fundamentals unaffected. Indeed, in the context of …, accounting would be irrelevant since reliable market prices would be readily available to all. Just as accounting is irrelevant … in such a world, so would any talk of establishing and enforcing accounting standards. To state the proposition the other …