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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

Comparing Auditors’ and Users’ Materiality Judgments for ESG and Traditional Financial Disclosures : The Roles of Disclosure Form, Valence, and Assurance Level

Doxey, Marcus; Sealy, Chez - 2023

As corporate ESG disclosures continue to grow in prominence and regulators begin to require attestation over ESG information, understanding the factors that influence ESG materiality assessments can help auditors provide more effective assurance over ESG information. We use an experiment to...

Persistent link: https://www.econbiz.de/10014264283

Insightful Insiders? Insider Trading and Stock Return around Debt Covenant Violation Disclosures

Griffin, Paul A. - 2012

This paper examines insider trading around first-time debt covenant violation disclosures in SEC filings, and is interesting from a research and regulatory standpoint for three reasons – delay and infrequency of a first-time disclosure, lack of attention to covenant disclosures by regulators,...

Persistent link: https://www.econbiz.de/10013115646

Risk Reporting Quality : Implications of Academic Research for Financial Reporting Policy

Ryan, Stephen G. - 2011

Persistent link: https://www.econbiz.de/10013117660

Market Determinants of Voluntary Disclosure of Macroeconomic Effects on Corporate Performance

Oxelheim, Lars - 2012

The macroeconomic environment is an important determinant of firm performance. Nevertheless, many firms are simplistic in the approach they use to identify, analyze and create strategies for managing the vital relationship between intrinsic competitiveness and macroeconomic fluctuations. Few...

Persistent link: https://www.econbiz.de/10013102555

Aggregated, Voluntary and Mandatory Risk Disclosure Incentives : Evidence from UK FTSE All Share Companies

Elshandidy, Tamer - 2013

This paper investigates the impact of corporate risk levels on aggregated, voluntary and mandatory risk disclosures in … systematic, financing risks and risk-adjusted returns and those with lower levels of stock return variability are likely to … exhibit significantly higher levels of aggregated and voluntary risk disclosures. The results also show that firms of large …

Persistent link: https://www.econbiz.de/10013072320

Capitalization Versus Disclosure : The Impact of Operating Lease Capitalization on Managerial Leasing Decisions

Yoon, Young S. - 2020

ASC 842, the lease accounting standard implemented in 2019, requires companies to capitalize operating leases previously disclosed only in footnotes. While the new standard imposes significant changes to balance sheets, the accounting for leases in income statements remains unchanged. Drawing...

Persistent link: https://www.econbiz.de/10012823568

Accounting for Financial Stability : Bank Disclosure and Loss Recognition in the Financial Crisis

Bischof, Jannis - 2020

, banks' disclosures about relevant risk exposures were relatively sparse. Such disclosures came later after major concerns …

Persistent link: https://www.econbiz.de/10012850365

The Information Asymmetry Effects of Expanded Disclosures about Derivative and Hedging Activities

Steffen, Thomas D. - 2020

I study the information asymmetry effects of SFAS 161, which required changes to the content and format of derivative and hedging footnote disclosures. Using a difference-in-differences design, I investigate whether these mandatory disclosure changes affected bid-ask spreads. To capture the...

Persistent link: https://www.econbiz.de/10012855683

Disclosure Regulation in the Commercial Banking Industry : Lessons From the National Banking Era

Granja, Joao - 2018

I exploit variation in the adoption of disclosure and supervisory regulation across U.S. states to examine their impact on the development and stability of commercial banks. The empirical results suggest that the adoption of state‐level requirements to report financial statements in local...

Persistent link: https://www.econbiz.de/10012921156