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Voluntary Fair Value Disclosures by Bank Holding Companies : The Role of SEC Dear CFO Letters
Weiss, Renee E.; Shon, John - 2016
The SEC’s Division of Corporate Finance sent “Dear CFO” letters to certain registrants in 2008 requesting voluntary disclosures to improve transparency of Level 3 fair value measures and valuation of financial instruments in inactive or illiquid markets. We expect these bank holding...
Persistent link: https://www.econbiz.de/10014133531
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Are Level 3 fair value remeasurements useful? Evidence from ASC 820 rollforward disclosures
Fiechter, Peter; Novotny-Farkas, Zoltán; Renders, Annelies - 2021
Exploiting detailed disclosures mandated by Accounting Standard Codification (ASC) 820, we provide evidence for the return relevance of Level 3 fair value remeasurements for a comprehensive sample of U.S. listed banks. We find that Level 3 remeasurements recognized in earnings are more return...
Persistent link: https://www.econbiz.de/10013311506
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Spillover Effects of State Regulated Corporate Disclosures on the Mortgage Market
Sinha, Kirti - 2019
uncertainty about property values and subsequently increases mortgage lending activity, i.e., probability of obtaining a mortgage … disclosed to further substantiate my inference that disclosures related to fracking chemicals facilitate mortgage lending … reduction in uncertainty about collateral value is the mechanism through which these disclosures affect mortgage lending. My …
Persistent link: https://www.econbiz.de/10012890110
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Disclosure, transparency, and market discipline
Freixas, Xavier; Laux, Christian - 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/10008934782
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IFRS Non-GAAP Earnings Disclosures and Fair Value Measurement
Malone, Lance - 2016
We investigate IFRS non-GAAP earnings adjustments for fair value remeasurements made by companies and analysts and the usefulness of these disclosures for analysts. Examining Australian listed (ASX 200) companies during 2008-2010 (576 firm-years), we find that companies disclosing non-GAAP...
Persistent link: https://www.econbiz.de/10013004343
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Recognition versus Disclosure : Evidence from Fair Value of Investment Property
Israeli, Doron - 2015
The application of International Accounting Standard (IAS) 40, Investment Property, in the European Union created a unique setting to study the implications of a decision to recognize versus disclose financial statements' items because in this setting recognized and disclosed...
Persistent link: https://www.econbiz.de/10013034598
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Recognition versus Disclosure of Fair Values
Müller, Maximilian André - 2015
This paper examines pricing differences across recognized and disclosed fair values. We build on prior literature by examining two theoretical causes of such differences: lower reliability of the disclosed information, and/or investors' higher related information processing costs. We examine...
Persistent link: https://www.econbiz.de/10013034633
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Disclosure of Fair Value Measurement in Goodwill Impairment Test and Audit Fees
Chen, Vincent - 2019
Recent increases in the occurrence and magnitude of goodwill impairment charges highlight the increasing importance of the role of the auditor in goodwill accounting. This study examines the association between disclosures about the fair value measurement of goodwill and audit fees. We find that...
Persistent link: https://www.econbiz.de/10012899690
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Impact of Disclosure and Corporate Governance on the Association Between Fair Value Gains and Losses and Stock Returns in the Commercial Banking Industry
Bhat, Gauri - 2013
In this paper, I examine the relations between risk management disclosures, governance, and the market pricing of the fair value gains and losses (FVGL) for US commercial bank holding companies (banks). I find that banks with strong corporate governance disclose more about their risk management...
Persistent link: https://www.econbiz.de/10014048368
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The Quality and Drivers of Own Credit Risk Measurement Disclosures for Fair Value Liabilities by European Banks
Eichner, Korbinian - 2014
This research paper studies the quality of own credit (OC) risk disclosures in European banks by analyzing their annual reports. By defining and applying a self-developed disclosure index that incorporates both the (i) relative quantity and (ii) richness of the information provided, it is found...
Persistent link: https://www.econbiz.de/10013056842