The IFRS option to reclassify financial assets out of fair value in 2008: the roles played by regulatory capital and too-important-to-fail status

Peter Fiechter, Wayne R. Landsman*, Kenneth Peasnell, Annelies Renders

*Corresponding author for this work

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The extent to which someone thinks of him- or herself as a leader (i.e., leader identity) is subject to change in a dynamic manner because of experience and structured intervention, but is rarely studied as such. In this study, we map the trajectories of leader identity development over a course of a seven-week leader development program. Drawing upon identity theory (kegan, 1983) and self-perception theory (bem, 1972), we propose that changes in self-perceived leadership skills are associated with changes in leader identity. Using latent growth curve modeling and latent change score analyses as our primary analytical approaches, we analyzed longitudinal data across seven measurement points (n = 98). We find leader identity to develop in a j-shaped pattern. As hypothesized, we find that these changes in leader identity are associated with, and potentially shaped by, changes in leadership skills across time..
Original languageEnglish
Pages (from-to)1698-1731
JournalReview of Accounting Studies
Issue number4
Publication statusPublished - Dec 2017


  • Too important to fail
  • Fair value accounting
  • Bank regulation
  • Financial crisis

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