Internet Appendix for: Did SFAS 166/167 Decrease the Information Asymmetry of Securitizing Banks?

Financial Review, 2019;1–25

22 Pages Posted: 26 Nov 2019 Last revised: 13 Feb 2020

See all articles by Seda Oz

Seda Oz

University of Waterloo - School of Accounting and Finance

Date Written: November 13, 2019

Abstract

Beginning in 2010, mandated Financial Accounting Standards No. 166 and 167 (SFAS 166/167) changed the consolidation rules of securitization entities and required more information about their securitization activities. I find that securitizing banks experienced a decrease in information asymmetry from the pre- to the post-SFAS 166/167 periods, and that more visible securitizing banks are less sensitive to SFAS 166/167. These inferences are robust to a number of sensitivity analyses. This study is one of the first to provide evidence of the effects of SFAS 166/167 on the information asymmetry of securitizing banks.

Suggested Citation

Oz, Seda, Internet Appendix for: Did SFAS 166/167 Decrease the Information Asymmetry of Securitizing Banks? (November 13, 2019). Financial Review, 2019;1–25. Available at SSRN: https://ssrn.com/abstract=3486955

Seda Oz (Contact Author)

University of Waterloo - School of Accounting and Finance ( email )

200 University Avenue West
Waterloo, Ontario N2L 3G1 N2L 3G1
Canada

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