Xu, Li; Tang, Alex - In: Review of Accounting and Finance 10 (2011) 2, pp. 92-109
that will potentially affect banks' election decisions and separate banks into three groups: early electors, late electors … (vs late electors). Findings – The authors find that compared to banks not electing SFAS No. 159 (non‐electors), banks … and larger size, and are active in hedging activities. In addition, compared to banks electing SFAS No. 159 at required …