頁籤選單縮合
題名 | Role of FASB 157 in the Financial Crisis: Impact on Investment Banks= |
---|---|
作者 | Harris, Peter; |
期刊 | Academy of Taiwan Business Management Review |
出版日期 | 20100400 |
卷期 | 6:2 2010.04[民99.04] |
頁次 | 頁9-13 |
分類號 | 562.29 |
語文 | eng |
關鍵詞 | Fair-vale accounting; FASB 157; Mark to-market; Level 1; 2 and 3 assets; Investment banks; Leverage; |
英文摘要 | The current financial crisis, which began in 2007, brought about the demise of the US investment banking industry. Many analysts attribute the speed at which customers and counterparties lost faith in the investment banks to mark-to-market accounting and the implementation of FASB 157. This study addresses the question of whether FASB 157 contributed to the failure of the investment banks. We document evidence that shows that the problems at the investment banks were due to poor investments and excessive leverage and not the accounting standards. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。