Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Impact Of Sfas 107 Fair Value Footnote Disclosures On Bank Valuation And Analysts Earnings Forecasts
Download The Impact Of Sfas 107 Fair Value Footnote Disclosures On Bank Valuation And Analysts Earnings Forecasts full books in PDF, epub, and Kindle. Read online The Impact Of Sfas 107 Fair Value Footnote Disclosures On Bank Valuation And Analysts Earnings Forecasts ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis The Impact of SFAS 107 Fair Value Footnote Disclosures on Bank Valuation and Analysts' Earnings Forecasts by : Dawn Marie Hukai
Download or read book The Impact of SFAS 107 Fair Value Footnote Disclosures on Bank Valuation and Analysts' Earnings Forecasts written by Dawn Marie Hukai and published by . This book was released on 1998 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Value-relevance of Banks' Fair Disclosures Under SFAS 107 by : Mary E. Barth
Download or read book Value-relevance of Banks' Fair Disclosures Under SFAS 107 written by Mary E. Barth and published by . This book was released on 1994 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the relation between fair value disclosures under Statement of Financial Accounting Standards No. 107 (SFAS 107) and bank share prices. As predicted, we find that fair values of securities and loans possess significant incremental explanatory power and are reflected positively in bank share prices. Contrary to predictions, fair values of deposits and off-balance sheet items provide no incremental explanatory power. We also find an interaction effect between the fair value of loans and nonperforming loans in specifications that permit cross-sectional differences in the loans' fair value coefficient. Finally, we find that core deposits are reflected positively in bank share prices.
Book Synopsis Value-Relevance of Banks' Fair Value Disclosures Under SFAS No. 107 by : Mary E. Barth
Download or read book Value-Relevance of Banks' Fair Value Disclosures Under SFAS No. 107 written by Mary E. Barth and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the relation between fair value disclosures under Statement of Financial Accounting Standards No. 107 (SFAS 107) and bank share prices. Our goal is to determine whether fair value disclosures explain cross-sectional variation in bank common share prices beyond that provided by the reported book value of common equity and other potentially informative disclosures in a way consistent with our predictions. As predicted, we find that fair values of securities and loans possess significant incremental explanatory power and are reflected positively in bank share prices. However, contrary to our predictions, the fair values of deposits, long-term debt, and off-balance sheet items provide no incremental explanatory power. One specification that includes a proxy for quot;core depositquot; intangibles -- a variables not covered by SFAS 107 -- indicates that core deposits are reflected positively in bank share prices.
Book Synopsis Illustrations of Disclosures about Fair Value of Financial Instruments by : Leonard Lorensen
Download or read book Illustrations of Disclosures about Fair Value of Financial Instruments written by Leonard Lorensen and published by . This book was released on 1994 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fair Value Disclosures by Bank Holding Companies by : Elizabeth A. Eccher
Download or read book Fair Value Disclosures by Bank Holding Companies written by Elizabeth A. Eccher and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the fair value data disclosed by bank holding companies under SFAS 107 and addresses some of the issues raised in the debate on the relevance of fair value accounting. The paper finds that most banks reported fair value estimates that exceeded their book values as of December 31 1992. Although the book value of securities and loans combined is similar in magnitude to deposits the effect of these two assets on the fair value of equity is five times greater than that of deposits. In addition to any real economic reasons that may apply the larger effect on the asset side of the balance sheet could be due to ignoring the core deposit intangible in valuing deposit obligations. In addition the paper provides evidence on the value-relevance of fair disclosures over and above the information already disclosed in banks' financial statements. The historical cost financial signals that represent profitability loan quality growth capital size etc. explain about 48% of the cross-sectional variation in the market-to-book ratio whereas the fair value disclosures add another 13% to the regression R- squared. With respect to off-balance sheet hedging behavior the excess of fair value of book value of on- balance sheet items is found to be significantly negatively associated with the unrealized gains/losses on off-balance sheet instruments only when the fair value of net loans are excluded. This suggests that it is difficult to make inferences about effect hedging based on fair value disclosures.
Book Synopsis Value-relevance of Banks' Fair Value Disclosures Under SFAS 107 by : Mary E. Barth
Download or read book Value-relevance of Banks' Fair Value Disclosures Under SFAS 107 written by Mary E. Barth and published by . This book was released on 1995 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Analysis of the Factors Impacting the Relevance of SFAS No. 107 Fair Value Disclosures by : Daniel R. Brickner
Download or read book An Analysis of the Factors Impacting the Relevance of SFAS No. 107 Fair Value Disclosures written by Daniel R. Brickner and published by . This book was released on 2002 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis SFAS 107 Disclosure about Fair Value of Financial Instruments by : David M. Morris
Download or read book SFAS 107 Disclosure about Fair Value of Financial Instruments written by David M. Morris and published by . This book was released on 1992 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of SFAS 107, Disclosure about Fair Value of Financial Instruments, on Financial Institutions by : Weng Cheong Pang
Download or read book The Impact of SFAS 107, Disclosure about Fair Value of Financial Instruments, on Financial Institutions written by Weng Cheong Pang and published by . This book was released on 1994 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Consequences and Financial Statement Effects of SFAS No. 133 in Bank Holding Companies by : Jongchan Park
Download or read book Economic Consequences and Financial Statement Effects of SFAS No. 133 in Bank Holding Companies written by Jongchan Park and published by . This book was released on 2004 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Analysts' Forecasts and Stock Recommendations by : Sundaresh Ramnath
Download or read book Financial Analysts' Forecasts and Stock Recommendations written by Sundaresh Ramnath and published by Now Publishers Inc. This book was released on 2008 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Analysts' Forecasts and Stock Recommendations reviews research related to the role of financial analysts in the allocation of resources in capital markets. The authors provide an organized look at the literature, with particular attention to important questions that remain open for further research. They focus research related to analysts' decision processes and the usefulness of their forecasts and stock recommendations. Some of the major surveys were published in the early 1990's and since then no less than 250 papers related to financial analysts have appeared in the nine major research journals that we used to launch our review of the literature. The research has evolved from descriptions of the statistical properties of analysts' forecasts to investigations of the incentives and decision processes that give rise to those properties. However, in spite of this broader focus, much of analysts' decision processes and the market's mechanism of drawing a useful consensus from the combination of individual analysts' decisions remain hidden in a black box. What do we know about the relevant valuation metrics and the mechanism by which analysts and investors translate forecasts into present equity values? What do we know about the heuristics relied upon by analysts and the market and the appropriateness of their use? Financial Analysts' Forecasts and Stock Recommendations examines these and other questions and concludes by highlighting area for future research.
Book Synopsis Disclosures about Fair Value of Financial Instruments by : KPMG Peat Marwick
Download or read book Disclosures about Fair Value of Financial Instruments written by KPMG Peat Marwick and published by . This book was released on 1992 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fair Value Accounting by : Michel Magnan
Download or read book Fair Value Accounting written by Michel Magnan and published by . This book was released on 2015 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis has led to a critical evaluation of the role that fair value accounting may have played in undermining the stability of the financial system. Reacting to the pressures of banking regulators and governments, standard-setters have brought forward additional guidance on the application of fair value accounting. This paper examines if and how fair value reporting by U.S. commercial banks during the 1996-2009 period influences the quality of information used by financial analysts. Our results show that, overall, the greater the extent of a bank's assets and liabilities reported at fair value, the more dispersed are analysts' earnings forecasts. Moreover, as the proportion of assets measured at fair value increases, properties of analysts' forecasts become less desirable, showing a decrease in the precision of public or private information. The informational properties of fair value disclosure decrease as we move from level 2 to mark-to-model data (level 3). Nevertheless, additional analyses suggest that the disclosure of levels has been beneficial to investors as it enhanced private information precision resulting in more accurate and less dispersed analysts' forecasts. Finally, the disclosure about the valuation of assets that are measured at fair value on a non-recurring basis reduces accuracy and public information precision while enhancing dispersion.
Book Synopsis Fair Value Disclosures about Financial Instruments by : Ernst & Young
Download or read book Fair Value Disclosures about Financial Instruments written by Ernst & Young and published by . This book was released on 1992 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of Fair Value Accounting on Firms' Performance and Pension Assets by : Shaofeng Zheng
Download or read book The Impact of Fair Value Accounting on Firms' Performance and Pension Assets written by Shaofeng Zheng and published by . This book was released on 2017 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: My dissertation comprises of two essays: 1) The Effects of Fair Value Measurements (IFRS 13) on Operating Performance and Market Performance, and on Value Relevance of Firms across European Countries; 2) The Disclosure of Fair Value Pension Asset under SFAS No. 158, Pension Assumptions, and Earnings Manipulation. Fair value accounting has been gained a spotlight over years. My first essay focuses on Fair Value measurements (IFRS13), which provides a single source for all fair value measurements, and clarifies the definition of fair value and enhance the disclosures. I examine the effect of IFRS 13 fair value on operating performance, the market reaction to the key event of the announcement date of IFRS 13 adoption, and the effect on value relevance in the context of IFRS 13 adoption by a large sample of five countries in European Union: France, Germany, Italy, Spain, and United Kingdom from 2010 to 2014. Evidences from the analyses of the models revealed that the operating performance overally decreased after IFRS 13 adoption in France and Germany but increased in Italy, Spain and United Kingdom based on some ratios to evaluate the operating performance. Firms with higher ROA in pre-IFRS 13 might report more consecutive earnings after IFRS 13 adoption than firms with lower ROA in pre-IFRS 13. Market reaction was tested on the key event of IFRS 13 adoption: the announcement date of IFRS 13. The results of the event study indicate that the cumulative abnormal returns (CAR) are negatively associated with the release date of IFRS 13 adoption, suggesting that European markets' reaction has been somewhat negative to IFRS 13. The adjustment to earnings per share model suggests mixed evidence of a increase in value relevance. In summary, European market may perceive IFRS 13 as an important in financial reporting or a reduction in the formation asymmetry and these results have implications for investors, auditors, and educators. In September 2006, Statement of Financial Accounting Standard (SFAS) No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, required firms to disclose and recognize the full funded status of defined benefit pension plans in the balance sheet instead of only in the footnote. Comparing with recognition, there are limited researches about the effect of the disclosure of fair value pension assets on the expected rate of return (ERR). Therefore, my second essay examines the association between the disclosure of fair value pension plan assets under SFAS No. 158 and ERR. Empirical results support that firms with the Level-3 fair value of pension assets are more like to inflate ERR and are more like to meet ERR through the actual rate of return (ARR) of the Level-3 fair value of pension assets. In addition, I explore the relationship between the disclosure of fair value pension plan assets and earnings target through ERR management. The results document that firms with the Level-3 fair value pension asset more like to achieve earnings target when they marginally fall short of earnings expectations. Such disclosures could improve the efficient use of the information by market participants.
Book Synopsis Fair Values, Income Measurement, and Bank Analysts' Risk and Valuation Judgments by : D. Eric Hirst
Download or read book Fair Values, Income Measurement, and Bank Analysts' Risk and Valuation Judgments written by D. Eric Hirst and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine how fair value income measurement affects commercial bank equity analysts' risk and value judgments. Normatively, holding information and other underlying economics constant, bank analysts' risk and valuation assessments should distinguish between banks with different risks, but should not depend on how banks measure income. In our experiment, we vary income measurement - full-fair-value (all fair value changes recognized in income) versus piecemeal-fair-value (some fair value changes recognized in income, others disclosed in the notes). We also vary interest rate risk exposure (exposed versus hedged). We find that bank analysts' risk and value judgments distinguish banks' exposure to interest rate risk only under full-fair-value income measurement. Our evidence contributes to research concerned with financial performance reporting, risk, and fair value accounting by demonstrating that differences in income measurement affect fundamental judgments of specialist analysts. Our findings are striking because they (1) point toward an important role for measurement and recognition of fair value gains and losses in income and (2) suggest that note disclosure is not a substitute for financial-statement recognition (even for professional analysts specializing in banks and working in a context that involves assessment of core operations of a bank). These results should be of interest to accounting standard setters as they evaluate whether to require full-fair-value income measurement.
Book Synopsis Dissertation Abstracts International by :
Download or read book Dissertation Abstracts International written by and published by . This book was released on 1999 with total page 764 pages. Available in PDF, EPUB and Kindle. Book excerpt:
