Bank Window Dressing: A Re-Assessment and a Puzzle

CAMA Working Paper No. 6/2010

29 Pages Posted: 31 Aug 2010

See all articles by Shanshan Yang

Shanshan Yang

affiliation not provided to SSRN

Sherrill Shaffer

University of Wyoming

Date Written: October 9, 2009

Abstract

Expanded public availability of U.S. banking data has prompted a need to reexamine end-of-quarter window dressing. We find substantial heterogeneity in the pattern of window dressing across banks and products, not all of which can be explained as customerinitiated, and some of which is consistent with theoretical predictions in the absence of publicly available data. These findings call into question the efficacy of financial disclosure in constraining banks’ behavior, and raise new issues for further research.

Keywords: banks, window dressing, trend growth, disclosure, market discipline

JEL Classification: G2, G21, G28

Suggested Citation

Yang, Shanshan and Shaffer, Sherrill, Bank Window Dressing: A Re-Assessment and a Puzzle (October 9, 2009). CAMA Working Paper No. 6/2010. Available at SSRN: https://ssrn.com/abstract=1668127 or http://dx.doi.org/10.2139/ssrn.1668127

Shanshan Yang (Contact Author)

affiliation not provided to SSRN ( email )

Sherrill Shaffer

University of Wyoming ( email )

P.O. Box 3985
Laramie, WY 82071-3985
United States
307-766-2173 (Phone)
307-766-5090 (Fax)

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