Bank Risk and the Value Relevance of Fair Value Gains and Losses

• Main Authors: LIM, Chu Yeong, Walker, Martin, LEE, Edward, Kausar, Asad
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2011
• Subjects: Accounting; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/soa_research/907
• Institution: Singapore Management University

This paper studies the value relevance of fair value gains and losses for an international sample of banks. Logically it is possible for the increased subjectivity associated with the implementation of fair value accounting in highly risky situations to result in fair value numbers that are less val...