Marking-to-Market: Panacea or Pandora's Box?

Financial institutions have been at the forefront of the debate on the controversial shift in international standards from historical cost accounting to mark-to-market accounting. We show that the trade-offs at stake in this debate are far from one-sided. While the historical cost regime leads to so...

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Bibliographic details
Volume: 46
Main Author: PLANTIN, GUILLAUME
SAPRA, HARESH
SHIN, HYUN SONG
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Malden, USA Blackwell Publishing Inc 01.05.2008
Blackwell Publishing
WILEY
Wiley Blackwell
Wiley Subscription Services, Inc
published in: Journal of accounting research Vol. 46; no. 2; pp. 435 - 460
Edition: Received 24 January 2007; accepted 29 July 2007
Data of publication: 2008-05
ISSN: 0021-8456
1475-679X
EISSN: 1475-679X
Discipline: Business
Bibliography: We are grateful to both our editor, Ray Ball, for his advice and comments and to an anonymous referee for many useful comments. We also thank participants at the 2007
Journal of Accounting Research
conference as well as participants in various seminars, and, in particular, Doug Diamond, Ron Dye, Xavier Freixas, Milt Harris, Charles Goodhart, Raghu Rajan, Rafael Repullo, Jean‐Charles Rochet, and Lars Stole for their comments. Catherine Xu provided excellent research assistance. Sapra acknowledges financial support from the FMC Faculty Research Fund at the Graduate School of Business, the University of Chicago. Shin acknowledges support from the United Kingdom Economic and Social Research Council under its World Economy and Finance Programme.
Series: Journal of Accounting Research
Subjects:
Online Access: Fulltext
Database: Istex
Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2008
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