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The impact of IAS 39 on the risk-relevance of earnings volatility: Evidence from foreign banks cross-listed in the USA

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dc.contributor.authorDuh, Rong-Ruey
dc.contributor.authorHsu, Audrey Wen-Hsin
dc.contributor.authorAlves, Paulo Alexandre Pimenta
dc.date.accessioned2014-06-12T16:16:05Z
dc.date.available2014-06-12T16:16:05Z
dc.date.issued2012
dc.description.abstractWe examine the impact of adopting International Accounting Standard 39 – Financial Instruments: Recognition and Measurement (IAS 39) by non-US commercial banks cross-listed in the US on earnings volatility and its risk relevance. As IAS 39 requires the recognition of unrealized fair-value gains and losses for a larger set of financial and derivative- financial instruments, and the impairment charges for loans and receivables, we expect and find that IAS 39 adoption increased earnings volatility in IFRS-adopting firms from 2005 onwards. Furthermore, both hedge accounting and the fair value option under IAS 39 are designed to reduce mixed-measurement volatility and to improve the sensitivity of firm risk measures to earnings volatility. We also find that the relationship between credit ratings (proxy for risk) and earnings volatility increases for IFRS-adopting firms after 2005. The evidence is consistent with the argument that IAS 39 increases the credit relevance of earnings volatility.por
dc.description.versioninfo:eu-repo/semantics/publishedVersion
dc.identifier.citationDUH, Rong-Ruey ; HSU, Audrey Wen-hsin ; ALVES, P. - The impact of IAS 39 on the risk-relevance of earnings volatility: Evidence from foreign banks cross-listed in the USA. Journal of Contemporary Accounting & Economics. ISSN 1815-5669. Vol. 8, N.º1 (2012), p. 23-38por
dc.identifier.doi10.1016/j.jcae.2012.03.002
dc.identifier.issn1815-5669
dc.identifier.urihttp://hdl.handle.net/10400.14/14616
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherElsevierpor
dc.subjectIAS 39por
dc.subjectCredit relevancepor
dc.subjectFinancial instrumentspor
dc.subjectFair value accountingpor
dc.titleThe impact of IAS 39 on the risk-relevance of earnings volatility: Evidence from foreign banks cross-listed in the USApor
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage38
oaire.citation.startPage23
oaire.citation.titleJournal of Contemporary Accounting & Economics
oaire.citation.volume8
person.familyNameAlves
person.givenNamePaulo
person.identifier.ciencia-id8C12-EBAE-B385
person.identifier.orcid0000-0002-9421-854X
person.identifier.scopus-author-id55206239400
rcaap.rightsrestrictedAccesspor
rcaap.typearticlepor
relation.isAuthorOfPublication9d156779-61a9-4249-b112-5832c42094f4
relation.isAuthorOfPublication.latestForDiscovery9d156779-61a9-4249-b112-5832c42094f4

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