Deposit Supply and Bank Transparency
Other conference paper

香港中文大學研究人員

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摘要This paper offers the first study of whether a bank’s dependence on external funding sources shapes its voluntary disclosure of information. This is an important question because opacity influences bank performance, which in turn affects the growth and stability of firms, industries, and aggregate economies. We evaluate whether economic shocks that increase the supply of bank deposits alter the cost-benefit calculations of bank managers concerning voluntary information disclosure. We measure information disclosure using 10-K filings, 8-K filings, earnings guidance, and stock market liquidity. As for the funding shock, we use unanticipated technological innovations that triggered shale development and booms in bank deposits. Further analyses suggest that greater exposure to shale development reduced information disclosure by relaxing the incentives for managers to disclose information to attract funds from external capital markets.
出版社接受日期27.05.2019
著者Liangliang Jiang, Ross Levine, Chen Lin, Wensi Xie
會議名稱Asian Bureau of Finance and Economic Research (ABFER) 7th Annual Conference
會議開始日26.05.2019
會議完結日31.05.2019
會議地點Singapore
會議國家/地區新加坡
出版年份2019
語言美式英語

上次更新時間 2020-20-03 於 10:25