... to investigate the performance of the financial sector under both regimes, identifying possible additional effects and considerations. More specifically, it answers if the fair value orientation actually contributes to the financial crisis through contagion effects, while it addresses additional questions. Have...

... information CSAD Common risk factors Fama–French regression Financial crisis Griffin (2002) demonstrates that the performance of Fama–French country-specific factor regression is much better than global-factor model, whereas Blanco (2012) shows that its expected outcome depends upon how...