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An investigation of capital market reactions of quoted French banks to pronouncements on IAS 39

Author

Listed:
  • Nessrine Ben Hamida

    (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper examines the impact of fifteen pronouncements related to fair value accounting according to IAS 39 on equity prices of financial institutions. The results document that announcements that signal an increased (decreased) probability of issuance of IAS 39 produce negative (positive) abnormal stock price reactions for sample banks. Further, we demonstrate that the magnitude of the stock price reactions was not related to specific characteristics of sample banks.

Suggested Citation

  • Nessrine Ben Hamida, 2007. "An investigation of capital market reactions of quoted French banks to pronouncements on IAS 39," Post-Print halshs-00151914, HAL.
    • Handle: RePEc:hal:journl:halshs-00151914
    as

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