作者：Xie, Biqin
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：This study investigates whether fair value accounting contributes to the procyclicality of bank lending. Using banks' approval/denial decisions on residential mortgage applications to capture banks' supply of credit, I find no evidence that fair value accounting has procyclical effects on bank lending over the past two business cycles. I further identify two reasons for this result. First, the main accounting item distinguishing fair value accounting from historical cost accountingunrealized g...
作者：Chen, Feng; Peng, Songlan; Xue, Shuang; Yang, Zhifeng; Ye, Feiteng
作者单位：University of Toronto; University of Missouri System; University of Missouri Columbia; York University - Canada; Shanghai University of Finance & Economics; City University of Hong Kong; Shanghai Lixin University of Accounting & Finance
摘要：This study investigates whether companies engage in audit opinion shopping activities by exerting influence over an audit firm's decision to switch the engagement partner (partner-level opinion shopping) in the Chinese setting, where the identities of engagement partners are publicly disclosed. Adopting the empirical framework developed by Lennox [2000], we show evidence that companies successfully engage in partner-level opinion shopping. Further, partner-level opinion shopping is more likely...
