Market pricing of banks' fair value assets reported under SFAS 157 since the 2008 financial crisis

• Main Authors: GOH, Beng Wee, LI, Dan, NG, Tee Yong Jeffrey, OW YONG, Keng Kevin
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: Accounting; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/1453
• Institution: Singapore Management University

We investigate how investors price the fair value estimates of assets as required by Statement of Financial Accounting Standards No. 157 (SFAS 157) since the financial crisis in 2008. We observe that Level 3 fair value estimates are typically priced lower than Level 1 and Level 2 fair value estimate...