Competition and Bank Opacity
54 Pages Posted: 22 Dec 2014
There are 3 versions of this paper
Competition and Bank Opacity
Review of Financial Studies, forthcoming
Number of pages: 44
Posted: 11 Dec 2014
Last Revised: 12 Feb 2016
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Date Written: December 2014
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.
Suggested Citation: Suggested Citation
Jiang, Liangliang and Levine, Ross Eric and Lin, Chen, Competition and Bank Opacity (December 2014). NBER Working Paper No. w20760. Available at SSRN: https://ssrn.com/abstract=2541536
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