MARKET REACTIONS TO ACCOUNTING REGULATIONS IN THE SAVINGS AND LOAN INDUSTRY

被引：9

作者：

BLACCONIERE, WG

机构：

[1] University of Southern California, Los Angeles

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 1991年 / 14卷 / 01期

关键词：

D O I：

10.1016/0167-7187(91)90059-T

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper addresses whether events leading to three regulatory accounting principles issued by the Federal Home Loan Bank Board affected the market value of Savings and Loan Associations (S&Ls). The market reaction to these regulations is predicted to be positive since they effectively eased minimum regulatory net worth requirements. A significant market reaction is observed for the regulation that allowed S&Ls to increase regulatory net worth by permitting appraised equity capital. However, results are inconsistent with the alternative hypothesis associated with the regulations permitting deferral of loan losses and net worth certificates. © 1991.

引用

页码：91 / 113

页数：23