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