Crise financière et comptabilité: le cas du reclassement des instruments financiers dans les banques européennes

Gregory Heem () and Dominique Dufour ()
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Gregory Heem: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur
Dominique Dufour: GRM - Groupe de Recherche en Management - EA 4711 - UNS - Université Nice Sophia Antipolis (1965 - 2019) - IAE Toulon - Institut d'Administration des Entreprises (IAE) - Toulon - UTLN - Université de Toulon

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Abstract: In October 2008 the EU adopted the amendments to IAS 39 as published by the IASB, whereby a financial asset may be reclassified out of the trading portfolio in rare circumstances. The fair value of the financial asset on the date of reclassification becomes its new cost or amortized cost, as applicable. The objective of this paper is to analyze the impact of these reclassifications on consolidated statements of 57 European listed banks included into the STOXX® All Europe 800 Banks. By opposition to banks which did not used this opportunity, banks which reclassified are more in debt and less profitable. Our results also show that reclassifications had a positive impact on returns and on financial structure.

Keywords: Financial Instruments; Banks; reclassification; Instruments financiers; Banques; Reclassement; IFRS (search for similar items in EconPapers)
Date: 2012-03
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00721108
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Published in Économies et sociétés, 2012, 2, pp.553-570

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00721108

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