An investigation of capital market reactions of quoted French banks to pronouncements on IAS 39
Ben Hamida, Nessrine (2007), An investigation of capital market reactions of quoted French banks to pronouncements on IAS 39, British Accounting Association Conference, 2007-04, London, Royaume-Uni
Type
Communication / ConférenceDate
2007Conference title
British Accounting Association ConferenceConference date
2007-04Conference city
LondonConference country
Royaume-UniMetadata
Show full item recordAuthor(s)
Ben Hamida, NessrineAbstract (EN)
This paper examines the impact of fifteen pronouncements related to fair value accounting according to IAS 39 on equity prices of financial institutions. The results document that announcements that signal an increased (decreased) probability of issuance of IAS 39 produce negative (positive) abnormal stock price reactions for sample banks. Further, we demonstrate that the magnitude of the stock price reactions was not related to specific characteristics of sample banks.Subjects / Keywords
IAS 39; fair value.; banks; volatilityRelated items
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