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

  • Gregory Heem


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

  • Dominique Dufour


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

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    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
    Date of revision:
    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.
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    6. Laux, Christian & Leuz, Christian, 2009. "The crisis of fair value accounting: Making sense of the recent debate," CFS Working Paper Series 2009/09, Center for Financial Studies (CFS).
    7. Bernard Colasse, 2009. "La normalisation comptable internationale face à la crise," Revue d'Économie Financière, Programme National Persée, vol. 95(2), pages 387-399.
    8. Colasse, Bernard, 2009. "La normalisation comptable internationale face à la crise," Economics Papers from University Paris Dauphine 123456789/7516, Paris Dauphine University.
    9. Jean-François Casta, 2003. "La comptabilité en " juste valeur " permet-elle une meilleure représentation de l'entreprise ?," Post-Print halshs-00170460, HAL.
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