Matches in SemOpenAlex for { <https://semopenalex.org/work/W1517647767> ?p ?o ?g. }
Showing items 1 to 65 of
65
with 100 items per page.
- W1517647767 abstract "This paper provides evidence that regulatory contracts affect firms' accounting choices and risk management decisions. Specifically, we investigate whether an exogenous shock to regulatory risk induced by Statement of Financial Standards No. 115 Accounting for Certain Investments in Debt and Equity Securities, (SFAS 115) encouraged U.S. banks to deviate from portfolio and risk benchmarks when they adopted the standard. Because we cannot observe relevant benchmarks, we model portfolio and risk decisions as functions of macroeconomic and firm-specific factors using data from a period when regulatory capital was immune to SFAS 115 accounting. We examine a sample of 230 publicly-traded banks and find that 1) irrespective of adoption timing, banks classified too few securities as AFS relative to estimated benchmarks, 2) weaker banks that adopted the standard early classified far more securities as AFS relative to benchmarks, 3) banks altered the size of their securities portfolios along with the levels of interest risk and credit risk as regulatory capital decreased, and 4) the level of interest risk on banks' loan portfolios increased at the time of SFAS 115 adoption. We also explore the 1995 FASB amnesty when firms could re-adopt SFAS 115. We find that banks used the 1995 FASB amnesty to undo strategic initial SFAS 115 adoption decisions. Taken together, our findings suggest that SFAS 115 caused some of the accounting and economic consequences predicted by bankers, analysts, and academics." @default.
- W1517647767 created "2016-06-24" @default.
- W1517647767 creator A5006823456 @default.
- W1517647767 creator A5028653023 @default.
- W1517647767 creator A5076982834 @default.
- W1517647767 date "2001-01-01" @default.
- W1517647767 modified "2023-09-23" @default.
- W1517647767 title "Accounting Choices and Risk Management: SFAS 115 and U.S. Bank Holding Companies" @default.
- W1517647767 cites W1489381920 @default.
- W1517647767 cites W1550405752 @default.
- W1517647767 cites W1594394323 @default.
- W1517647767 cites W1969156355 @default.
- W1517647767 cites W1970744122 @default.
- W1517647767 cites W1986187321 @default.
- W1517647767 cites W2001667707 @default.
- W1517647767 cites W2056876635 @default.
- W1517647767 cites W2074201251 @default.
- W1517647767 cites W2112352537 @default.
- W1517647767 cites W2133126372 @default.
- W1517647767 cites W2166815554 @default.
- W1517647767 cites W3121992681 @default.
- W1517647767 cites W3122045901 @default.
- W1517647767 cites W3124727831 @default.
- W1517647767 cites W573044633 @default.
- W1517647767 doi "https://doi.org/10.2139/ssrn.266951" @default.
- W1517647767 hasPublicationYear "2001" @default.
- W1517647767 type Work @default.
- W1517647767 sameAs 1517647767 @default.
- W1517647767 citedByCount "12" @default.
- W1517647767 countsByYear W15176477672012 @default.
- W1517647767 crossrefType "journal-article" @default.
- W1517647767 hasAuthorship W1517647767A5006823456 @default.
- W1517647767 hasAuthorship W1517647767A5028653023 @default.
- W1517647767 hasAuthorship W1517647767A5076982834 @default.
- W1517647767 hasConcept C10138342 @default.
- W1517647767 hasConcept C121955636 @default.
- W1517647767 hasConcept C144133560 @default.
- W1517647767 hasConcept C163867264 @default.
- W1517647767 hasConcept C32896092 @default.
- W1517647767 hasConcept C544937707 @default.
- W1517647767 hasConcept C74275925 @default.
- W1517647767 hasConceptScore W1517647767C10138342 @default.
- W1517647767 hasConceptScore W1517647767C121955636 @default.
- W1517647767 hasConceptScore W1517647767C144133560 @default.
- W1517647767 hasConceptScore W1517647767C163867264 @default.
- W1517647767 hasConceptScore W1517647767C32896092 @default.
- W1517647767 hasConceptScore W1517647767C544937707 @default.
- W1517647767 hasConceptScore W1517647767C74275925 @default.
- W1517647767 hasLocation W15176477671 @default.
- W1517647767 hasOpenAccess W1517647767 @default.
- W1517647767 hasPrimaryLocation W15176477671 @default.
- W1517647767 hasRelatedWork W1500790775 @default.
- W1517647767 hasRelatedWork W2187191096 @default.
- W1517647767 hasRelatedWork W225469296 @default.
- W1517647767 hasRelatedWork W2276063650 @default.
- W1517647767 hasRelatedWork W2359691092 @default.
- W1517647767 hasRelatedWork W2384311911 @default.
- W1517647767 hasRelatedWork W2626143055 @default.
- W1517647767 hasRelatedWork W2784062508 @default.
- W1517647767 hasRelatedWork W3121353641 @default.
- W1517647767 hasRelatedWork W3216498229 @default.
- W1517647767 isParatext "false" @default.
- W1517647767 isRetracted "false" @default.
- W1517647767 magId "1517647767" @default.
- W1517647767 workType "article" @default.