Standard-setting issues and academic research related to the accounting for financial asset transfers

Accounting Horizons

Volumn 21, Issue 1, 2007, Pages 59-80

  Schipper, Katherine ^a   Yohn, Teri Lombardi ^b  

^a DUKE UNIVERSITY   (United States)

^b UNIVERSITY OF MASSACHUSETTS   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 38149073418     PISSN: 08887993     EISSN: 15587975     Source Type: Journal    
DOI: 10.2308/acch.2007.21.1.59     Document Type: Article

References (24)

1. Ambrose, B., M. LaCour-Little, and A. Sanders. 2004. Does regulatory capital or asymmetric information drive securitization? Working paper, University of Kentucky.
2. American Accounting Association (AAA). 1996. Financial Accounting Standards Committee response to the FASB Exposure Draft: Proposed statement of financial accounting standards: Accounting for transfers and servicing of financial assets and extinguishment of liabilities. Accounting Horizons (September): 178-181.
3. Ayotte, K., and S. Gaon. 2005. Asset backed securities: Costs and benefits of bankruptcy remoteness. Paper presented at the Texas Finance Festival, April.
4. Bens, D., and S. Monahan. 2005. Altering investment decisions to manage financial reporting outcomes: Asset backed commercial paper conduits and FIN 46. Working paper, University of Chicago.
5. Bullen, H., and K. Crook. 2005. Revisiting the concepts: A new conceptual framework project. Financial Accounting Standards Board and International Accounting Standards Board. Available at: http://www.fasb.org/project/ communications_paper.pdf.
6. Calomiris, C., and J. Mason. 2004. Credit card securitization and regulatory arbitrage. Journal of Financial Services Research 26: 5-27.
7. Dechow, P., L. Myers, and C. Shakespeare. 2005. Reporting a rosy future today: The role of corporate governance in the reporting of gains from asset securitizations. Working paper, University of Michigan.
8. _, and C. Shakespeare. 2006. Do managers time securitizations for their accounting benefits? Working paper, University of Michigan.
9. Federal Reserve System. 2002. Supervisory letter SR 02-15: Implicit recourse provided to asset securitizations. Board of Governors (May 23). Available at: http://www.federalreserve.gov/boarddocs/srletters/2002/sr0215.htm.
10. Financial Accounting Standards Board (FASB). 2000. Recommendations on Accounting for Financial Instruments and Similar Items. Joint Working Group of Standard-Setters. Norwalk, CT: FASB.
11. _. 2001. Special report. A Guide to Implementation of Statement 140 on Accounting for Transfers and Servicing of Financial Assets and Extinguishment of Liabilities: Questions and Answers. Norwalk, CT: FASB.
12. Gorton, G., and N. Souleles. 2005. Special purpose vehicles and securitization. Working paper, University of Pennsylvania.
13. Higgins, E., and J. Mason. 2004. What is the value of recourse to asset-backed securities? A clinical study of credit card banks. Journal of Banking and Finance 28: 875-899.
14. Hirst, E., P. Hopkins, and J. Wahlen. 2004. Fair values, income measurement, and bank analysts' risk and valuation judgments. The Accounting Review 79: 453-472.
15. Karaoglu, N. 2005. Regulatory capital and earnings management in banks: The case of loan sales and securitizations. Working paper, University of Southern California.
16. Landsman, W., K. Peasnell, and C. Shakespeare. 2006. Are asset securitizations sales or loans? Working paper, University of North Carolina.
17. Minton, B., A. Sanders, and P Strahan. 2004. Securitization by banks and finance companies: Efficient financial contracting or regulatory arbitrage? Working paper, The Ohio State University.
18. Moody's Investors Service. 2003. Demystifying securitization for unsecured investors. Special comment. New York, NY: Moody's.
19. Niu, F., and G. Richardson. 2006. Are securitizations in-substance sales or secured borrowings: Capital market evidence. Contemporary Accounting Research 23 (4): 1105-1133.
20. Nolan, A. 2005. Sweet Basel II: The Regulatory Capital Treatment of Securitization and Credit Derivatives Activities of Banking Institutions. Boston, MA: Goodwin Proctor.
21. Office of the Comptroller of the Currency. 2002. Office of the Comptroller of the Currency Guidance 2002-20: Interagency Guidance on Implicit Recourse in Asset Securitizations. Washington, D.C.: Government Printing Office.
22. Pavel, C., and D. Phillis. 1987. Why commercial banks sell loans: An empirical analysis. Federal Reserve Bank of Chicago Economic Perspectives 14: 3-14.
23. Securities and Exchange Commission (SEC). 2005. Report and Recommendations Pursuant to Section 401(c) of the Sarbanes-Oxley Act of 2002 on Arrangements with Off-Balance Sheet Implications, Special Purpose Entities, and Transparency of Filings by Issuers. Washington, D.C.: Government Printing Office.
24. Shakespeare, C. 2004. Do managers use securitization volume and fair value estimates to hit earnings targets? Working paper, University of Michigan.