Off-Balance Sheet Activities

Innbundet / 1990 / Engelsk

Produktdetaljer

ISBN13
9780899306131
Publisert
1990
Utgiver
Vendor
Praeger Publishers Inc
Aldersnivå
05, UU, UP
Språk
Product language
Engelsk
Format
Product format
Innbundet
Sider
192
Se alle

Off-Balance Sheet Activities

Innbundet / 1990 / Engelsk
The objective of Off-Balance Sheet Activities is to gain insights into, and propose meaningful solutions to, those issues raised by the current proliferation of off-balance sheet transactions. The book has its origins in a New York University conference that focused on this topic. Jointly undertaken by the Vincent C. Ross Institute of Accounting Research and New York University's Salomon Center for the study of Financial Institutions at the Stern School of Business, the conference brought together academic researchers and practitioners in the field of accounting and finance to address the issues with the broad-mindedness requisite of a group whose approaches to solutions are as different from each other as their respectively theoretical and applied approaches to the disciplines of finance and accounting.The essays are divided into two sections. The first covers issues surrounding OBS activities and banking and begins with a brief introduction that places the essays into context. OBS activities and the underinvestment problem, whether loan sales are really OBS, and money demand and OBS liquidity are examined in detail. Section two, which also begins with a brief introduction, focuses on issues of securitized assets and financing. A report on recognition and measurement issues in accounting for securitized assets is followed by three separate discussion essays. Other subjects covered include contract theoretic analysis of OBS financing, the use of OBS financing to circumvent financial covenant restrictions, and debt contracting and financial contracting. The latter two contributions are also followed by discussion essays. This unique collection of papers will prove to be an interesting and valuable tool for accounting and finance professionals as well as for academics involved in these fields. It will also be an important addition to public, college, and university libraries.
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The objective of this work is to gain insights into, and propose meaningful solutions to, those issues raised by the current proliferation of off-balance sheet transactions. Securitized assets and financing are dealt with, as are issues surrounding OBS activities and banking.
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Preface Off-Balance Sheet Activities and Banking by Anthony Saunders Off-Balance Sheet Activities and the Underinvestment Problem in Banking by Christopher James Are Loan Sales Really Off-Balance Sheet? by Gary Gorton and George Pennacchi Money Demand and Off-Balance Sheet Liquidity: Empirical Analysis and Implications for Monetary Policy by Reuven Glick and Steven E. Plaut Discussion by Mark J. Flannery Financial Reporting and Off-Balance Sheet Transactions by Joshua Ronen and Ashwinpaul C. Sondhi Recognition and Measurement Issues in Accounting for Securitized Assets by Robert J. Swieringa Discussion by Gerald I. White Discussion Nicholas Dopuch and Grace Pownall Discussion Benjamin S. Neuhausen Contract Theoretic Analysis of Off-Balance Sheet Financing by Jim Donegan and Shyam Sunder The Use of Off-Balance Sheet Financing to Circumvent Financial Covenant Restrictions by Samir El-Gazzar, Steven Lilien, and Victor Pastena Discussion by Clifford W. Smith, Jr. Debt Capacity and Financial Contracting: Finance Subsidiaries by Joshua Ronen and Ashwinpaul C. Sondhi Discussion by Jacob G. Birnberg Appendix Index
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The objective of Off-Balance Sheet Activities is to gain insights into, and propose meaningful solutions to, those isses raised by the current proliferation of off-balance sheet activities.
JOSHUA RONEN is a Research Professor at New York University's Leonard N. Stern School of Business, Director of its Vincent C. Ross Institute of Accounting Research, and Editor-in-Chief of the Journal of Accounting, Auditing and Finance.ANTHONY SAUNDERS is Professor of Finance and Yamaichi Faculty Fellow at New York University.ASHWINPAUL C. SONDHI is an Associate Professor at the Stern School of Business at New York University.
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Produktdetaljer

ISBN13
9780899306131
Publisert
1990
Utgiver
Vendor
Praeger Publishers Inc
Aldersnivå
05, UU, UP
Språk
Product language
Engelsk
Format
Product format
Innbundet
Sider
192
Se alle

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