Asthana, Sharad; Chen, Lucy Huajing - College of Business, University of Texas-San Antonio
growth trend for the financial industry improves compared to other industries after firms adopt SFAS 133 (as amended by SFAS … industries. Our results are thus consistent with the view that SFAS 133 may help financial institutions improve the value …-relevance of accounting information. Our results have implication for policy makers when they evaluate the benefit of SFAS 133. …
