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Unreliable accounts : how regulators fabricate conceptual narratives to diffuse criticism

Ramanna, Karthik - In: Accounting, Economics, and Law : AEL ; a convivium 12 (2022) 2, pp. 81-151

Persistent link: https://www.econbiz.de/10013261774

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

IFRS and the Use of Accounting-Based Performance Measures in Executive Pay

Voulgaris, Georgios; Stathopoulos, Konstantinos; … - In: The International Journal of Accounting 49 (2014) 4, pp. 479-514

We examine the effect of IFRS (International Financial Reporting Standards) on the type of performance measures firms … use to evaluate and reward their managers. We show that post-IFRS firms decrease the weight of Earnings-per-Share (EPS …)-based performance measures in CEO pay contracts. We argue that IFRS add “noise” to accounting numbers which, based on optimal …

Persistent link: https://www.econbiz.de/10011116256

FAIR VALUE VERSUS HISTORICAL COST IN FORECAST OF INCOME FOR BANKING COMPANIES

Cristin, Nicolae Traian; Miticã, Pepi - In: Annals of Faculty of Economics 1 (2013) 2, pp. 550-558

The financial crisis began on 2008 has led to a debate about the pluses and minuses of fair-value accounting (FVA). This debate presents a new start for fair-value accounting going forward and standard setters’ push to extend fair-value accounting into other areas. In our research, we found...

Persistent link: https://www.econbiz.de/10010817132

The Role of Fair Value Measurement in the Recent Financial Crunch

Procházka, David Anthony - 2011

Fair value measurement became pervasive to financial reporting over last 20 years. Under fair value accounting, entities are obliged or permitted to measure particular assets and liabilities at their fair values as at the reporting dates. Fair value is a current market-based hypothetical value....

Persistent link: https://www.econbiz.de/10014177641

Interaction between Securitization Gains and Abnormal Loan Loss Provisions : Credit Risk Retention and Fair Value Accounting

Zhao, Qiuhong - 2020

This study investigates whether managers use asset securitization gains to substitute loan loss provision (LLP) management for earnings management, and, if so, whether the percentage of credit risk retained affects such a relationship. The literature provides evidence that managers have used...

Persistent link: https://www.econbiz.de/10014048867

Econometrics of Current or 'Fair' Values

Sunder, Shyam - 2009

Properties of many important valuation rules can be quantified, examined and compared in a unified framework to assist policy decisions. Valuation rules can be viewed as econometric estimators of unobserved values of aggregates. Which valuation rule has minimum mean squared error (relative to...

Persistent link: https://www.econbiz.de/10014050923

The Impact of SFAS 160 : An Investigation of the Economic Consequences of the Reclassification of Minority Interest

Frankel, Richard M.; Lee, Joshua A.; McLaughlin, Michael - 2010

significant. We find that firms with minority interest following IFRS exhibit higher stock returns suggesting these firms benefit …

Persistent link: https://www.econbiz.de/10014197659

Accounting for Liabilities at Fair Value : The Advantage of Relational Versus Informational Disclosures in Interpreting Credit Risk Changes

Gaynor, Lisa Milici; McDaniel, Linda S.; Yohn, Teri Lombardi - 2014

One objection to fair value accounting for liabilities is that changes in a company’s credit risk are recognized as gains or losses in a manner that is counterintuitive to the way gains and losses are typically interpreted (Lipe 2002). Specifically, when a company’s credit risk increases...

Persistent link: https://www.econbiz.de/10014202658

Early Adoption of SFAS 159 : Lessons from Games (almost) Played

Henry, Elaine - 2008

This paper examines instances of firms that early adopted SFAS 159, The fair value option for financial assets and financial liabilities, and then rescinded or revised their early adoption of the standard because their implementation was not in keeping with the "intent and spirit" of the...

Persistent link: https://www.econbiz.de/10014212959