Derivatives Disclosures by Major U.S. Banks, 1995

Abstract

Board's Division of Banking Supervision and Regulation, prepared this article. Terrill Garrison provided research assistance. 1. See box ''Classes of Derivatives'' for an explanation of the different types of derivatives and the ways they are used.

Risk-related disclosure: a review of the literature and an agenda for future research

“…For instance, the investigations use different sample sizes ranging from a few companies with only ten annual reports (Edwards and Eller, 1995) to the inclusion of 600 firms (Gebhardt, 2012). In addition, some of the studies are sector-specific -concentrating on banking (Edwards and Eller, 1995), industrial companies (Hamlen and Largay, 2005) or firms from the manufacturing industry (Hamlen and Largay, 2005). Others are more general and include both financial and non-financial firms Rodrigues, 2006, 2008).…”

The impact of IFRS 7 on the significance of financial instruments disclosure

“…A growing body of empirical accounting research has investigated FI disclosure in several countries such as the USA (Goldberg et al , 1994, 1998; Palmer and Schwarz, 1995; Mahoney and Kawamura, 1995; Edwards and Eller, 1995; Hamlen and Largay, 2005; Zhang, 2009), the UK (Dunne et al , 2004; Woods and Marginson, 2004; Bamber and McMeeking, 2010), other EU countries (Lopes and Rodrigues, 2006, 2008; Bischof, 2009; Bamber and McMeeking, 2010; Prihatiningtyas, 2011; Gebhardt, 2012), Australia (Berkman et al , 1997; Chalmers and Godfrey, 2000; Chalmers, 2001) and Malaysia (Hassan et al , 2006a). Table I summarises the key features of these studies.…”

“…For instance, the investigations use different sample sizes ranging from a few companies (only ten annual reports for Edwards and Eller, 1995) to 600 firms (Gebhardt, 2012). In addition, some of the studies are sector-specific and concentrate on banking (Edwards and Eller, 1995), industrial companies or firms from manufacturing industry (Hassan et al , 2006a). Others are more general and include both financial and non-financial firms (Lopes and Rodrigues, 2006, 2008).…”

“…In 1994, FASB issued SFAS 119 in 1994. As a result, a number of studies were dedicated to investigating its influence (Edwards and Eller, 1995; Mahoney and Kawamura, 1995; Kawamura, 1996; Herz et al , 1996). These studies concluded that more entities complied with the disclosure requirements of the standard outlining FI disclosure requirements.…”

“…Before accounting regulations were adopted, a number of investigations revealed that companies were reluctant to publish information about their usage of FIs on a voluntary basis (Mahoney and Kawamura, 1995; Berkman et al , 1997; Grant and Marshall, 1997; Dunne, 2003). Because accounting standards in this area have been adopted, several studies have investigated their impact on the extent of FI disclosure in both developed and developing markets (Edwards and Eller, 1995; Roulstone, 1999; Chalmers and Godfrey, 2000; Chalmers, 2001; Dunne et al , 2004; Woods and Marginson, 2004; Hamlen and Largay, 2005; Hassan et al , 2006a; Lopes and Rodrigues, 2006; Rahahleh and Siam, 2009; Strouhal, 2009; Murcia and Santos, 2010). A number of results have emerged from these investigations.…”