Accounting discretion of banks during a financial crisis

Accounting discretion of banks during a financial crisis
This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to mortgage-backed securities also react favorably to... READ MORE...

Publication date: September 2009
ISBN 9781451873542
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: September 2009

PDF

Publication date: September 2009

ePub

Publication date: September 2009

Mobi

Publication date: September 2009

English