Financial accounting in the banking industry: A review of the empirical literature

• 成果类型: Review
• 署名作者: Beatty, Anne; Liao, Scott
• 署名单位: University System of Ohio; Ohio State University; University of Toronto
• 刊物名称: JOURNAL OF ACCOUNTING & ECONOMICS
• ISSN/ISSBN: 0165-4101
• DOI: 10.1016/j.jacceco.2014.08.009
• 发表日期: 2014
• 关键词: LOAN LOSS PROVISIONS; value-relevance literature; fair value disclosures; earnings management; COMMERCIAL-BANKS; corporate governance; to-market; asset securitizations; investment securities; risk-relevance

摘要

We survey research on banks' financial accounting. After providing a brief background of the theoretical models and accounting and regulatory institutions underlying the bank accounting literature, we review three streams of empirical research. Specifically we review studies associating bank financial reporting with the valuation and risk assessments, associating bank financial reporting discretion with regulatory capital and earnings management, and examining banks' economic decisions under differing accounting regimes. We discuss what we have already learned and about what else we would like to know. We also discuss methodological challenges associated with predicting the effects of alternative accounting and regulatory capital regimes. (C) 2014 Published by Elsevier B.V.