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
TypeCommunication / Conférence
Conference titleBritish Accounting Association Conference
MetadataShow full item record
Author(s)Ben Hamida, Nessrine
Abstract (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 / KeywordsIAS 39; fair value.; banks; volatility
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