作者：Barth, ME; Beaver, WH; Landsman, WR
作者单位：University of North Carolina; University of North Carolina Chapel Hill
摘要：This study provides evidence that fair value estimates of loans, securities and long-term debt disclosed under SFAS No. 107 provide significant explanatory power for bank share prices beyond that provided by related book values, In contrast to Eccher et al, (1996) and Nelson (1996), we consistently find incremental explanatory power for loans' fair values, Relatively stronger findings are obtained using a set of significant conditioning variables, including nonperforming loans, and interest-se...
