Thoughts on financial accounting and the banking industry

• 成果类型: Article
• 署名作者: Bushman, Robert M.
• 署名单位: University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine
• 刊物名称: JOURNAL OF ACCOUNTING & ECONOMICS
• ISSN/ISSBN: 0165-4101
• DOI: 10.1016/j.jacceco.2014.09.004
• 发表日期: 2014
• 关键词: CORPORATE GOVERNANCE; MARKET DISCIPLINE; subordinated debt; liquidity risk; INFORMATION; CRISIS; TRANSPARENCY; transmission; uncertainty; OWNERSHIP

摘要

I provide big picture comments on the review of the banking literature in accounting by Beatty and Liao (2014). Beatty and Liao (2014) does a service to the accounting field by providing an intelligent, well organized and accessible point of entry to banking research in accounting. I complement Beatty and Liao by presenting my observations on the role of financial accounting in banking, focusing my discussion on real effects of accounting policy choices on individual bank risk taking and codependence of risk among banks. I also offer ideas on future research directions. (C) 2014 Elsevier B.V. All rights reserved.