Competition or manipulation? An empirical evidence of determinants of the earnings persistence of the U.S. banks
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Banking and Finance"
DOI: 10.1016/j.jbankfin.2018.01.010
Abstract: We examine the impact of competition on bank earnings persistence by exploiting a natural experiment following interstate banking deregulation that increased bank competition. We find that bank earnings adjustment speed increases after their states implement… read more here.
Keywords: earnings persistence; competition manipulation; competition; bank earnings ... See more keywords
Does economic policy uncertainty affect bank earnings opacity? Evidence from China
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Policy Modeling"
DOI: 10.1016/j.jpolmod.2021.03.006
Abstract: Abstract Uncertainty about economic policy (EPU) in today's interconnected world and its impact worldwide is more significant than ever before. Thus, this study examines EPU's impact on the bank's earnings opacity of the Chinese banking… read more here.
Keywords: earnings opacity; opacity; economic policy; bank earnings ... See more keywords
Debtholder Monitoring Incentives and Bank Earnings Opacity
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Financial and Quantitative Analysis"
DOI: 10.1017/s0022109020000241
Abstract: Abstract We exploit exogenous legislative changes that alter the priority structure of different classes of debt to study how debtholder monitoring incentives affect bank earnings opacity. We present novel evidence that exposing nondepositors to greater… read more here.
Keywords: debtholder monitoring; bank earnings; monitoring incentives; earnings opacity ... See more keywords