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Real effects of governmental accounting standards: evidence from GASB Statement No. 53: Accounting and financial reporting for derivative instruments

Descriptive

TypeOfResource
Text
TitleInfo
Title
Real effects of governmental accounting standards: evidence from GASB Statement No. 53: Accounting and financial reporting for derivative instruments
Name (authority = orcid); (authorityURI = http://id.loc.gov/vocabulary/identifiers/orcid.html); (type = personal); (valueURI = http://orcid.org/0000-0001-9129-4400)
NamePart (type = family)
Yan
NamePart (type = given)
Claire J.
Affiliation
Accounting & Information Systems, Rutgers University
Role
RoleTerm (authority = marcrt); (type = text)
author
Name (authority = RutgersOrg-Department); (type = corporate)
NamePart
Accounting & Information Systems
Name (authority = RutgersOrg-School); (type = corporate)
NamePart
Rutgers Business School-Newark and New Brunswick (RBS)
Genre (authority = RULIB-FS)
Article, Refereed
Genre (authority = NISO JAV)
Submitted Manuscript Under Review (SMUR)
Note (type = peerReview)
Peer reviewed
OriginInfo
DateCreated (encoding = w3cdtf); (keyDate = yes); (qualifier = exact)
2019
Abstract (type = Abstract)
GASB Statement No. 53, Accounting and Financial Reporting for Derivative Instruments, (GASB 53) significantly altered U.S. governmental sector accounting of derivative instruments by mandating the recognition of hitherto off-balance sheet derivative instruments in the government-wide statement of net assets and requiring that ineffective hedges be clearly identified. Using a hand-collected, comprehensive dataset of municipal derivatives, we examine whether the level of U.S. municipal derivative holdings changed following the adoption of GASB 53. Consistent with GASB 53 affecting municipal officials’ derivative decisions, we find a significant post-GASB 53 reduction in derivative holdings for municipalities that faced unfavorable reporting consequences due to GASB 53. We also find some evidence of a post-GASB 53 reduction in derivatives for municipalities that are prone to face greater agency problems. Our findings suggest that governmental accounting regulations can have public policy implications because they affect real decisions of municipal officials.
Language
LanguageTerm (authority = ISO 639-3:2007); (type = text)
English
PhysicalDescription
InternetMediaType
application/pdf
Extent
1 online resource (44 pages) : illustrations
Subject (authority = local)
Topic
Governmental accounting
Subject (authority = local)
Topic
GASB 53
Subject (authority = local)
Topic
Derivatives
Subject (authority = local)
Topic
Hedging
Subject (authority = local)
Topic
Real effects of financial accounting
Extension
DescriptiveEvent
Type
Citation
AssociatedObject
Name
Journal of Accounting and Public Policy
Type
Journal
Relationship
Has part
Name (type = personal)
NamePart (type = family)
Khumawala
NamePart (type = given)
Saleha
Affiliation
University of Houston
Role
RoleTerm (authority = marcrt); (type = text)
author
Name (type = personal)
NamePart (type = family)
Ranasinghe
NamePart (type = given)
Tharindra
Affiliation
Singapore Management University
Role
RoleTerm (authority = marcrt); (type = text)
author
RelatedItem (type = host)
TitleInfo
Title
Yan, Claire J.
Identifier (type = local)
rucore30270400001
Location
PhysicalLocation (authority = marcorg); (displayLabel = Rutgers, The State University of New Jersey)
NjNbRU
Identifier (type = doi)
doi:10.7282/t3-98r6-ty74
Genre (authority = ExL-Esploro)
Preprint
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Rights

RightsDeclaration (AUTHORITY = FS); (TYPE = [FS] statement #1); (ID = rulibRdec0004)
Copyright for scholarly resources published in RUcore is retained by the copyright holder. By virtue of its appearance in this open access medium, you are free to use this resource, with proper attribution, in educational and other non-commercial settings. Other uses, such as reproduction or republication, may require the permission of the copyright holder.
Copyright
Status
Copyright protected
Availability
Status
Open
Reason
Permission or license
RightsEvent
Type
Permission or license
AssociatedObject
Type
License
Name
Multiple author license v. 1
Detail
I hereby grant to Rutgers, The State University of New Jersey (Rutgers) the non-exclusive right to retain, reproduce, and distribute the deposited work (Work) in whole or in part, in and from its electronic format, without fee. This agreement does not represent a transfer of copyright to Rutgers.Rutgers may make and keep more than one copy of the Work for purposes of security, backup, preservation, and access and may migrate the Work to any medium or format for the purpose of preservation and access in the future. Rutgers will not make any alteration, other than as allowed by this agreement, to the Work.I represent and warrant to Rutgers that the Work is my original work. I also represent that the Work does not, to the best of my knowledge, infringe or violate any rights of others.I further represent and warrant that I have obtained all necessary rights to permit Rutgers to reproduce and distribute the Work and that any third-party owned content is clearly identified and acknowledged within the Work.By granting this license, I acknowledge that I have read and agreed to the terms of this agreement and all related RUcore and Rutgers policies.
RightsEvent
Type
Embargo
DateTime (point = start); (encoding = w3cdtf); (qualifier = exact)
2019-11-13
DateTime (point = end); (encoding = w3cdtf); (qualifier = exact)
2022-11-11
Detail
Access to this PDF has been restricted at the author's request. It will be publicly available after November 11, 2022.
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Technical

RULTechMD (ID = TECHNICAL1)
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Document
CreatingApplication
Version
1.5
DateCreated (point = end); (encoding = w3cdtf); (qualifier = exact)
2019-11-11T10:53:50
DateCreated (point = end); (encoding = w3cdtf); (qualifier = exact)
2019-11-11T10:53:50
ApplicationName
Microsoft® Word 2016
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