Show simple item record

2012-02-08Buch DOI: 10.18452/4385
Fair Value Reclassifications of Financial Assets during the Financial Crisis
dc.contributor.authorBischof, Jannis
dc.contributor.authorBrüggemann, Ulf
dc.contributor.authorDaske, Holger
dc.date.accessioned2017-06-16T00:35:28Z
dc.date.available2017-06-16T00:35:28Z
dc.date.created2012-02-20
dc.date.issued2012-02-08
dc.date.submitted2012-02-08
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5037
dc.description.abstractAt the peak of the financial crisis in October 2008, the IASB amended IAS 39 to grant companies the option of abandoning fair value recognition for selected financial assets. Using a comprehensive global sample of publicly listed IFRS banks, we find that banks use the reclassification option to forgo the recognition of fair value losses and ultimately the regulatory costs of supervisory intervention. Analyses of stock market reactions suggest that a small subset of the most troubled banks benefit from such reclassifications. However, analyses of related footnote disclosures reveal that two-thirds of reclassifying banks do not fully comply with the accompanying IFRS 7 requirements. These banks experience a significant increase in bid-ask spreads in the long run.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectFinancial Crisiseng
dc.subjectBank Regulationeng
dc.subjectFair Value Accountingeng
dc.subjectIAS 39eng
dc.subjectIFRS 7eng
dc.subject.ddc330 Wirtschaft
dc.titleFair Value Reclassifications of Financial Assets during the Financial Crisis
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100199436
dc.identifier.doihttp://dx.doi.org/10.18452/4385
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages58
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2012
local.edoc.container-issue10
local.edoc.container-year2012
local.edoc.container-erstkatid2195055-6

Show simple item record