, we believe our results speak to the ex ante effects of fair value accounting on banks' risk taking behavior. …

be limited. Our results do not provide evidence that Fair Value Accounting per se induces pro-cyclical investment …

Whether fair value accounting should be used in financial reporting has been the subject of debate for many years. A … helpful in making their economic decisions. A criticism of fair value accounting is the contention that fair value earnings …

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