Pacific Basin Working Paper Series DETERMINANTS OF VOLUNTARY BANK DISCLOSURE : EVIDENCE FROM JAPANESE SHINKIN BANKS
Pacific Basin Working Paper Series DETERMINANTS OF VOLUNTARY BANK DISCLOSURE : EVIDENCE FROM JAPANESE SHINKIN BANKS
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太平洋盆地工作文件系列 银行自愿披露的决定因素：日本信用银行的证据
DOI：
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发表时间：
2003
期刊：
影响因子：
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通讯作者：
M. Spiegel
中科院分区：
文献类型：
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作者：
M. Spiegel
在现代金融部门，披露被广泛视为市场纪律的必要条件。然而，披露决定的决定因素仍然是未知的，特别是在银行中。本文研究了1996年和1997年日本信金银行信息披露的决定因素。这一时期是独特的，因为这些银行在此期间的披露是自愿的。研究发现，不良贷款问题越严重、杠杆率越高、竞争压力越小、规模越小的银行，选择主动披露的可能性越小。这些结果表明，强制性披露可能发挥作用，因为弱势银行似乎不成比例地避免自愿披露。
Disclosure is widely regarded as a necessary condition for market discipline in a modern financial sector. However, the determinants of disclosure decisions are still unknown, particularly among banks. This paper investigates the determinants of disclosure by Japanese Shinkin banks in 1996 and 1997. This period is unique because disclosure by these banks was voluntary during this time. We find that banks with more serious bad loan problems, more leverage, less competitive pressure, and smaller banks were less likely to choose to voluntarily disclose. These results suggest that there may be a role for compulsory disclosure, as weak banks appear to disproportionately avoid voluntary disclosure.
DOI：
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发表时间：
1997
期刊：
Accounting review: A quarterly journal of the American Accounting Association
影响因子：
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作者：
Christine Botosan
通讯作者：
Christine Botosan