Fair value disclosures by bank holding companies

Fair value disclosures by bank holding companies This paper examines the value relevance of fair value data disclosed under SFAS 107 by banks for 1992 and 1993. Collectively, the evidence suggests differences between fair and book values of financial instruments are associated with market-to-book ratios. However, fair value disclosures for financial instruments other than securities are value-relevant only in limited settings. In addition, only in 1992 are fair value variables associated with market-to-book ratios after incorporating existing historical cost information. Further analysis suggests the weaker 1993 results are not necessarily due to increased measurement error in fair value numbers. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Accounting and Economics Elsevier

Fair value disclosures by bank holding companies

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Publisher
Elsevier
Copyright
Copyright © 1996 Elsevier Ltd
ISSN
0165-4101
DOI
10.1016/S0165-4101(96)00438-7
Publisher site
See Article on Publisher Site

Abstract

This paper examines the value relevance of fair value data disclosed under SFAS 107 by banks for 1992 and 1993. Collectively, the evidence suggests differences between fair and book values of financial instruments are associated with market-to-book ratios. However, fair value disclosures for financial instruments other than securities are value-relevant only in limited settings. In addition, only in 1992 are fair value variables associated with market-to-book ratios after incorporating existing historical cost information. Further analysis suggests the weaker 1993 results are not necessarily due to increased measurement error in fair value numbers.

Journal

Journal of Accounting and EconomicsElsevier

Published: Aug 1, 1996

References

  • Stock market valuation of gains and losses on commercial banks' investment securities: An empirical analysis
    Ahmed, A.A.; Takeda, C.
  • Pricing risk-adjusted deposit insurance: An option-based model
    Ronn, E.I.; Verma, A.K.

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