Work

Competition and Bank Opacity

Year: 2014

Type: report

Abstract: Did regulatory reforms that lowered barriers to competition among U.S. banks increase or decrease the quality of information that banks disclose to the public and regulators?We find that an intensification of competition reduced abnormal accruals of loan loss provisions and the frequency with which banks restate financial statements.The results indicate that competition reduces bank opacity, enhancing the ability of markets and regulators to monitor banks.

Source: National Bureau of Economic Research

DOI: 10.3386/w20760

Authors: Liangliang Jiang, Ross Levine, Chen Lin

Institutions: National Bureau of Economic Research, Lingnan University, Federal Reserve Bank of St. Louis, University of Hong Kong, London School of Economics and Political Science, University of California, Berkeley

Language: English

Topic: Banking stability, regulation, efficiency

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W4298011500

Cites: 47

Cited by: 7

Related to: 10