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

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...

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Bibliographic Details
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
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Online Access:https://ink.library.smu.edu.sg/soa_research/1453
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Institution: Singapore Management University
Language: English
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