The Impact of SFAS 133 on Income Smoothing by Banks through Loan Loss Provisions
We examine the impact of SFAS 133, Accounting for Derivative Instruments and Hedging Activities, on the reporting behavior of commercial banks and the informativeness of their financial statements. We argue that, because mandatory recognition of hedge ineffectiveness under SFAS 133 reduced banks’ ab...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2012
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/880 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2113381 |
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| Institution: | Singapore Management University |
| Language: | English |