银行财务报告与财务稳定性研究进展

IF 5 3区 经济学 Q1 BUSINESS, FINANCE
Stephen G. Ryan
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引用次数: 14

摘要

银行的财务报告要求和自由选择可能会改变银行违反监管资本要求的可能性、银行对风险管理和财务报告的内部纪律以及对银行的外部市场和监管纪律中的一个或多个,从而影响金融稳定。在这篇文章中,我讨论了最近的五篇实证论文,这些论文考察了将银行财务报告与金融稳定联系起来的这些渠道。我解释了这些论文如何确定经济背景和相关的财务报告结构,从而能够对这些渠道进行有力的检查,以及它们如何采用有意义地解决Acharya&Ryan(2016)提出的关于有效因果推断的问题的研究设计。我的结论是,虽然每项研究都在特定的环境中考察一两个特定的渠道,但总的来说,文献在增强我们对连接银行财务报告和金融稳定的渠道中的因果力的理解方面取得了稳步进展,这是Acharya和Ryan(2016)提出的目标。我还指出了这些论文为未来研究银行财务报告对金融稳定的影响提出的悬而未决的问题。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Recent Research on Banks’ Financial Reporting and Financial Stability
Banks’ financial reporting requirements and discretionary choices may affect financial stability by altering one or more of the likelihood that banks violate regulatory capital requirements, banks’ internal discipline over risk management and financial reporting, and external market and regulatory discipline over banks. In this article, I discuss five recent empirical papers that examine these channels linking banks’ financial reporting to financial stability. I explain how these papers identify economic contexts and associated financial reporting constructs that enable powerful examinations of these channels, and how they employ research designs that meaningfully address the issues regarding valid causal inference raised by Acharya & Ryan (2016) . I conclude that, while each study examines a specific channel or two in a specific setting, collectively the literature is making steady progress in enhancing our understanding of the causal forces at play in the channels linking banks’ financial reporting and financial stability, the goal set forth by Acharya & Ryan (2016) . I also identify open questions that these papers suggest for future research on the effects of banks’ financial reporting on financial stability.
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CiteScore
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