Comparison of SFAS 159 : Fair Value Option Financial Assets and Financial Liabilities Adopters and Non-adopters
Minich, Stephen J.
MetadataShow full item record
This study compared and contrasted financial metrics of entities that adopted SFAS No. 159 and those that did not over the first quarters of 2007 and 2008. The option to apply fair value to select securities came under much scrutiny during the deep recession of 2008 which prompted more study of SFAS No. 159 application. To better understand the financial characteristics of adopters and non-adopters, commercial banks were identified and their financial statements examined. Financial data was gathered for the first quarter filings of2007 and 2008 using COMPUSTAT, and was then analyzed by statistically comparing groups. Results showed that there were marginally significant differences between the groups.