Market Pricing of Banks’ Fair Value Assets Reported under Sfas 157 During the 2008 Economic Crisis

• Main Authors: GOH, Beng Wee, NG, Jeffrey, OW YONG, Keng Kevin
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2009
• Subjects: SFAS 157; valuation; fair value; mark-to-market; liquidity; audit quality; Accounting; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/soa_research/145; http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1335848
• Institution: Singapore Management University

Our paper presents early evidence on how investors rely on the fair value estimates of assets reported by banks as required by Statement of Financial Accounting Standards No. 157 (SFAS 157) in 2008. We observe significant variation in the pricing of different levels of fair value assets, with the pr...