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Deposit Supply and Bank Transparency

文献类型: 外文期刊

作者: Jiang, Liangliang 1 ; Levine, Ross 2 ; Lin, Chen 3 ; Xie, Wensi 4 ;

作者机构: 1.Hong Kong Polytech Univ, Fac Business, Sch Accounting & Finance, Kowloon, Hong Kong, Peoples R China

2.Univ Calif Berkeley, Haas Sch Business, Berkeley, CA 94720 USA

3.Univ Hong Kong, Fac Business & Econ, Pokfulam, Hong Kong, Peoples R China

4.Chinese Univ Hong Kong, CUHK Business Sch, Finance, Hong Kong, Peoples R China

关键词: bank transparency; information production; deposit supply

期刊名称:MANAGEMENT SCIENCE ( 影响因子:6.172; 五年影响因子:7.772 )

ISSN: 0025-1909

年卷期: 2022 年 68 卷 5 期

页码:

收录情况: SCI

摘要: Does a bank's dependence on different external funding sources shape its voluntary disclosure of information? We evaluate whether economic shocks that increase the supply of bank deposits alter the cost-benefit calculations of bank managers concerning voluntary information disclosure. We measure information disclosure using 10-K filings, 8-K filings, and earnings guidance. As for the funding shock, we use unanticipated technological innovations that triggered shale development and booms in bank deposits. Further analyses suggest that greater exposure to shale development reduced information disclosure by relaxing the incentives for managers to disclose information to attract funds from external capital markets.

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