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Crise financière et comptabilité : le cas du reclassement des instruments financiers dans les banques européennes

Listed author(s):
  • Gregory Heem


    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis - CNRS - Centre National de la Recherche Scientifique)

  • Dominique Dufour


    (GRM - Groupe de Recherche en Management - EA 4711 - IAE Toulon - Institut d'Administration des Entreprises (IAE) - Toulon - Institut d'Administration des Entreprises (IAE) - Nice - UTLN - Université de Toulon - Université Nice Sophia Antipolis [UNS] : EA4711)

Registered author(s):

    In October 2008 the EU adopted the amendments to IAS 39 as published by the IASB, whereby a financial asset may be reclassified out of the trading portfolio in rare circumstances. The fair value of the financial asset on the date of reclassification becomes its new cost or amortized cost, as applicable. The objective of this paper is to analyze the impact of these reclassifications on consolidated statements of 57 European listed banks included into the STOXX® All Europe 800 Banks. By opposition to banks which did not used this opportunity, banks which reclassified are more in debt and less profitable. Our results also show that reclassifications had a positive impact on returns and on financial structure.

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    Paper provided by HAL in its series Post-Print with number halshs-00721108.

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    Date of creation: Mar 2012
    Publication status: Published in Économies et sociétés, Développement, croissance et progrès - Presses de l'ISMEA - Paris, 2012, pp.553-570
    Handle: RePEc:hal:journl:halshs-00721108
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    1. Samira Demaria & Dominique Dufour, 2007. "Les choix d'options comptables lors de la transition aux normes IAS/IFRS : quel rôle pour la prudence ?," Post-Print halshs-00266104, HAL.
    2. Jean-François Casta, 2003. "La comptabilité en « juste valeur » permet-elle une meilleure représentation de l’entreprise ?," Revue d'Économie Financière, Programme National Persée, vol. 71(2), pages 17-31.
    3. Bernard Colasse, 2009. "La normalisation comptable internationale face à la crise," Revue d'Économie Financière, Programme National Persée, vol. 95(2), pages 387-399.
    4. repec:dau:papers:123456789/1270 is not listed on IDEAS
    5. Lionel Escaffre & Réda Sefsaf, 2010. "L'impact comptable de la crise financière sur la volatilité des titres bancaires : Cas de la France, l'Italie et l'Allemagne," Post-Print hal-00481105, HAL.
    6. Beatty, Anne & Chamberlain, Sandra & Magliolo, Joseph, 1996. "An empirical analysis of the economic implications of fair value accounting for investment securities," Journal of Accounting and Economics, Elsevier, vol. 22(1-3), pages 43-77, October.
    7. Laux, Christian & Leuz, Christian, 2009. "The crisis of fair-value accounting: Making sense of the recent debate," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 826-834, August.
    8. Tatsuya Yonetani & Yuko Katsuo, 1998. "Fair value accounting and regulatory capital requirements," Economic Policy Review, Federal Reserve Bank of New York, issue Oct, pages 33-43.
    9. Joerg-Markus Hitz, 2007. "The Decision Usefulness of Fair Value Accounting - A Theoretical Perspective," European Accounting Review, Taylor & Francis Journals, vol. 16(2), pages 323-362.
    10. Elisabeth Combes-Thuelin & Lionel Escaffre, 2004. "Performance et juste valeur : la communication financière des établissements de crédit," Post-Print halshs-00593050, HAL.
    11. repec:dau:papers:123456789/7516 is not listed on IDEAS
    12. repec:dau:papers:123456789/4417 is not listed on IDEAS
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