Guillaume Plantin, Hyun Song Shin, Haresh Sapra
Financial institutions have been at the forefront of the debate on the controversial shift in international standards from historical cost accounting to mark-to-market accounting. We show that the...
Finance Brown Bag for valuable comments and suggestions. I would like to thank the Loan (2004)
Regina Wittenberg Moerman, Eugene K, All Kroszner, Darren Roulstone, Gil Sadka, Haresh Sapra, ...
role of information asymmetry and financial reporting quality in debt contracting:
Do mandatory hedge disclosures discourage or encourage excessive speculation? / (2000)
Thesis (Ph. D.)--University of Minnesota, 2000.
Should Intangibles Be Measured: What Are the Economic Trade-Offs?
CHANDRA KANODIA, HARESH SAPRA, RAGHU VENUGOPALAN
We investigate whether a firm's intangible investments should be measured and separated from operating expenses. We find that the information extracted from accounting reports of investments and...
Information management and valuation: an experimental investigation
Dickhaut, John, Ledyard, Margaret, Mukherji, Arijit, Sapra, Haresh
Marking-to-Market: Panacea or Pandora's Box?
GUILLAUME PLANTIN, HARESH SAPRA, HYUN SONG SHIN
ABSTRACTFinancial institutions have been at the forefront of the debate on the controversial shift in international standards from historical cost accounting to mark-to-market accounting. We show...
Marking to Market, Liquidity, and Financial Stability
Plantin, Guillaume, Sapra, Haresh, Shin, Hyun-Song
This paper explores the financial stability implications of mark-to-market accounting, in particular its tendency to amplify financial cycles and the "reach for yield." Market prices play a dual...
Using a model with banking and insurance sectors, Allen and Carletti show that marking-to-market interacts with liquidity pricing to exacerbate the likelihood of financial contagion between the two...
Accounting Conservatism and the Efficiency of Debt Contracts
FRANK GIGLER, CHANDRA KANODIA, HARESH SAPRA, RAGHU VENUGOPALAN
ABSTRACTIn this paper we examine how accounting conservatism affects the efficiency of debt contracting. We develop the statistical and informational properties of accounting reports under varying...