We investigate how the adoption of the Current Expected Credit Loss (CECL) standard
affects US banks' information environments. To this end, we examine how the standard …

How should a monopolistic seller (she) sell an item to a buyer (he), when the buyer's later
demands are affected by the earlier allocations he receives? For example, consider an …

The current expected credit losses (CECL) model stipulates that loan loss provisions should
be forward-looking. I document that banks increasingly rely on macroeconomic forecasts …

This monograph provides a thorough review of earnings quality issues and analysis. Its
primary objectives are to help gain a deep understanding of earnings quality and facilitate …

This study finds that the introduction of the Current Expected Credit Loss (CECL) model,
which requires banks to estimate forward-looking loan loss provisions, is associated with a …

In the wake of the financial crisis, policymakers expressed the concern that the incurred loss
model delays loan loss recognition to economic stress periods and thereby exacerbates …