Value-Relevance of Banks' Fair Value Disclosures under SFAS No. 107.
发现，按SFAS 107披露的贷款、证券和长期债务的公允价值估计，对银行股价的解释力显著超过账面价值。
Abstract Provides evidence that fair value estimates of loans, securities and long-term debt disclosed under Statement of Financial Accounting Standards (SFAS) No. 107 provide significant explanatory power for bank share prices beyond that provided by related book values. First-difference estimation; Specifications.