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The Effects of SFAS 157 Disclosures on Investment Decisions

Iselin, Michael - 2017

This paper examines whether public bank managers change both the composition and classification of their investment portfolios after SFAS 157. We first show that non-agency mortgage-backed securities (MBSNA) are the asset class most likely to be measured using level 3 inputs, which are based on...

Persistent link: https://www.econbiz.de/10012970558

Disclosure Practices, Enforcement of Accounting Standards and Analysts' Forecast Accuracy : An International Study

Hope, Ole-Kristian - 2003

Using a sample from 22 countries, I investigate the relations between the accuracy of analysts' earnings forecasts and the level of annual report disclosure; and between forecast accuracy and the degree of enforcement of accounting standards. I document that firm-level disclosures are positively...

Persistent link: https://www.econbiz.de/10014101903

Non-GAAP Disclosures and Investor Uncertainty

Gallo, Lindsey A.; Sridharan, Suhas A.; Ton, Karen; … - 2021

We examine the association between I/B/E/S's disclosure of non-GAAP earnings and investor uncertainty around earnings announcements. On one hand, investor uncertainty may decrease with I/B/E/S's non-GAAP disclosure because these disclosures make investors aware of alternative performance...

Persistent link: https://www.econbiz.de/10013244992

IFRS 7 and Risk Disclosure Policies : A Cross-Sectional Analysis of Italian Listed Banks

Pucci, Sabrina - 2013

and compliance of the information referring to risk in the “Notes” with the requirements of IFRS 7. In order to … investigate the effectiveness of “IFRS 7, Financial Instruments”, the research has been conducted considering Annual Report of a … three-year period should reveal the performance of IFRS 7 in fostering market discipline by pressing banks to disclose more …

Persistent link: https://www.econbiz.de/10013075207

Repo and reverse repo activity of European banks : market activity, accounting and disclosure

Löw, Edgar; Riegel, Annika Patricia Michelle - 2020

deals with the disclosure requirements of IFRS 7 in the European banking industry so far.How disproportionate the attention … troubled situation would have been disclosed honestly in the first place.As the mandatory requirements of IFRS 7 should ensure … from repos is disclosed, the first step is to review, if the mandatory requirements are fulfilled. 38 IFRS 7 criteria were …

Persistent link: https://www.econbiz.de/10012436674

Investors' Response to Revelations of Prior Uncorrected Misstatements

Omer, Thomas C. - 2012

This study examines investors' response to the disclosure of prior period, auditor-waived misstatements under Staff Accounting Bulletin No. 108, Considering the effects of prior year misstatements when quantifying misstatements in the current year. Auditors' misstatement correction decisions...

Persistent link: https://www.econbiz.de/10013114713

The Role of Accounting Standards and Disclosure in Alleviating Corruption : A Cross-country Study

Rahman, Md. Atiqur - 2023

This study, relying on the notion of agency theory that the presence of information asymmetry causes higher agency costs, investigates the impact of accounting disclosure and perceived strength of auditing and reporting standards on perceived corruption. Using data for 71 economies for the...

Persistent link: https://www.econbiz.de/10014350243

Intended and unintended consequences of mandatory IFRS adoption : a review of extant evidence and suggestions for future research

Brüggemann, Ulf; Hitz, Jörg-Markus; Sellhorn, Thorsten - 2012

Reporting Standards (IFRS) in the European Union (EU) and provides suggestions on how future research can add to our … between intended and unintended consequences of mandatory IFRS adoption. Empirical research on the intended consequences … to address it. The literature investigating unintended consequences of mandatory IFRS adoption is still in its infancy …

Persistent link: https://www.econbiz.de/10009487334

Intended and Unintended Consequences of Mandatory IFRS Adoption : A Review of Extant Evidence and Suggestions for Future Research

Brüggemann, Ulf - 2013

This paper discusses empirical evidence on the economic consequences of mandatory IFRS adoption in the European Union … objectives of the EU's so-called ‘IAS Regulation,' we distinguish between intended and unintended consequences of mandatory IFRS … mismatch in findings. The literature investigating unintended consequences of mandatory IFRS adoption is still in its infancy …

Persistent link: https://www.econbiz.de/10013094265

Information Content of Earnings Announcements Around IFRS Adoption and a Simultaneous Change in Press Release Disclosure in Italy

Kim, Pureum - 2019

Reporting Standards (IFRS) adoption on the information content of earnings announcements in Italy. To identify the effect of … this regulation, we use a treatment (i.e., Italy) and a benchmark sample of IFRS countries that vary in the adoption of the … releases. Our findings suggest that the inclusion of detailed IFRS financial statements in earnings announcements increased …

Persistent link: https://www.econbiz.de/10012903286