The impact of SEC disclosure monitoring on the uncertainty of fair value estimates (Registro nro. 199630)
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| 000 -LÍDER | |
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| Campo fijo de descripción fija | 02121nab a2200217 4500 |
| 003 - IDENTIFICADOR DEL NÚMERO DE CONTROL | |
| Campo de control | OSt |
| 005 - FECHA Y HORA DE LA ULTIMA TRANSACCIÓN | |
| control field | 20200226102049.0 |
| 008 - ELEMENTOS DE LONGITUD FIJA -- INFORMACIÓN GENERAL | |
| Campo fijo de descripción fija -- Información general | 200127s2016 xxu|||||r|||| 00| 0 eng d |
| 040 ## - FUENTE DE CATALOGACIÓN | |
| Agencia Catalogadora | CO-BoUGC |
| Agencia que realiza la transcripción | CO-BoUGC |
| 100 1# - ASIENTO PRINCIPAL--NOMBRE PERSONAL | |
| Nombre personal | Bens, Daniel A. |
| 245 14 - TÍTULO | |
| Título | The impact of SEC disclosure monitoring on the uncertainty of fair value estimates |
| Responsables | Daniel A. Beans, Mei Cheng & Monica Neamtiu |
| 300 ## - DESCRIPCIÓN FÍSICA | |
| Extensión | Páginas 349 a la 375 |
| 520 3# - NOTA DE RESUMEN, ETC. | |
| Nota de sumario, etc. | We investigate the role played by the Securities and Exchange Commission (SEC) in monitoring fair value disclosures in regulatory filings. Specifically, we assess whether SEC action via the issuance of fair value comment letters to registrants is followed by reductions in uncertainty about the firms' fair value estimates. We hypothesize that registrants that receive a comment letter focusing on their fair value disclosure policies experience reductions in investor uncertainty regarding their fair value estimates in the post-letter period, compared to the pre-letter period. Supporting this prediction, we find that for the periods after the fair value comment letters, the associations between Level 2 and 3 fair value assets and our measures of uncertainty are significantly reduced. These findings are robust to a series of tests designed to ensure that we do not simply capture general changes in market uncertainty levels for firms investing in these types of assets. Our study contributes to the further understanding of market participants' perception of fair value disclosures by investigating the role of SEC enforcement. This finding is important given recent criticisms of fair value reporting emanating from the highest levels of government and industry. |
| 650 14 - ASIENTO SECUNDARIO DE MATERIA - TERMINO TEMÁTICO | |
| Término temático o nombre geográfico como elemento de entrada | Contabilidad |
| Subdivisión general | Legislación |
| Subdivisión geográfica | Estados Unidos |
| Subdivisión de forma | Publicaciones seriadas |
| 9 (RLIN) | 178293 |
| 690 ## - CAMPO LOCAL DE ACCESO TEMÁTICO | |
| Término temático o nombre geográfico como elemento de entrada | Securities and Exchange Commission (SEC) |
| 690 ## - CAMPO LOCAL DE ACCESO TEMÁTICO | |
| Término temático o nombre geográfico como elemento de entrada | Valuación a valor razonable |
| 700 1# - ENTR. SECUNDARIA - Nombre Personal (R) | |
| Nombre personal | Cheng, Mei |
| -- | 178289 |
| 700 1# - ENTR. SECUNDARIA - Nombre Personal (R) | |
| Nombre personal | Neamtiu, Monica |
| -- | 177548 |
| 773 0# - ASIENTO DE ITEM FUENTE | |
| Host Biblionumber | 82265 |
| Host Itemnumber | 382158 |
| Asiento principal | The accounting review 2016 V.91 No. 2 (Mar) |
| Otro identificador del ítem | 0000002031463 |
| International Standard Serial Number | 0001-4826 (papel) |
| 942 ## - TIPO DE MATERIAL (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Tipo de Item KOHA | Artículo de Revista |
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