Information Content of Earnings and Earnings Components of Commercial Banks: Impact of SFAS No. 115

Information Content of Earnings and Earnings Components of Commercial Banks: Impact of SFAS No. 115 SFAS No. 115 modified classification of debt and equity securities held by firms and also modified the reporting format for unrealised gains/losses on security transactions (URGL). This study investigates whether implementation of SFAS No. 115 improved information content of earnings and earnings components of commercial banks. Improvement in the information content is measured by comparing the association between equity returns and earnings and earnings components of the post-adoption period of SFAS No. 115 with the pre-adoption period. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Quantitative Finance and Accounting Springer Journals

Information Content of Earnings and Earnings Components of Commercial Banks: Impact of SFAS No. 115

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2002 by Kluwer Academic Publishers
Subject
Finance; Corporate Finance; Accounting/Auditing; Econometrics; Operation Research/Decision Theory
ISSN
0924-865X
eISSN
1573-7179
D.O.I.
10.1023/A:1015457804420
Publisher site
See Article on Publisher Site

Abstract

SFAS No. 115 modified classification of debt and equity securities held by firms and also modified the reporting format for unrealised gains/losses on security transactions (URGL). This study investigates whether implementation of SFAS No. 115 improved information content of earnings and earnings components of commercial banks. Improvement in the information content is measured by comparing the association between equity returns and earnings and earnings components of the post-adoption period of SFAS No. 115 with the pre-adoption period.

Journal

Review of Quantitative Finance and AccountingSpringer Journals

Published: Oct 13, 2004

References

  • Stock Market Valuation of Gains and Losses on Commercial Banks' Investment Securities: An Empirical Analysis
    Ahmed, A. S.; Takeda, C.
  • Discretionary Behavior with Respect to Allowances for Loan Losses and Behavior of Security Price
    Beaver, W.; Engel, E.

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