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

Anne Beatty and Scott Liao

Journal of Accounting and Economics, 2014, vol. 58, issue 2, 339-383

Abstract: 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.

Keywords: Financial accounting; Bank regulatory capital; Information asymmetry (search for similar items in EconPapers)
JEL-codes: E50 G21 G28 M41 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (198)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaecon:v:58:y:2014:i:2:p:339-383

DOI: 10.1016/j.jacceco.2014.08.009

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