We survey research on banks׳ financial accounting. After providing a brief background of the
theoretical models and accounting and regulatory institutions underlying the bank …

The fact that 92% of the world's 500 largest companies recently reported using derivatives
suggests that corporate managers believe financial risk management can increase …

This paper explains that value relevance research assesses how well accounting amounts
reflect information used by equity investors, and provides insights into questions of interest …

In this paper we critically evaluate the standard-setting inferences that can be drawn from
value relevance research studies that are motivated by standard setting. Our evaluation …

We scrutinize the role financial reporting for fair values, asset securitizations, derivatives and
loan loss provisioning played in the Financial Crisis. Because banks were at the center of …

Statement of Financial Accounting Standards No. 157 (FAS No. 157), Fair Value
Measurements, prioritizes the source of information used in fair value measurements into …

Purpose–The purpose of this paper is to explore the availability of risk disclosures in the
annual reports of Malaysian companies by focusing on the non‐financial section of the …

This study investigates whether relevance, reliability, and timeliness of Australian asset
revaluations differ across types of assets, including in-vestments, property, plant and …

This study provides evidence that fair value estimates of loans, securities and long-term debt
disclosed under SFAS No. 107 provide significant explanatory power for bank share prices …

II. MARKET EFFICIENCY Market efficiency is, of course, an important field of study. Much of
the regulation of financial reporting is premised on the notion that once firms make …