We quantify the costs of major disclosure and governance regulations by exploiting a
regulatory quirk: many rules trigger when a firm's public float exceeds a threshold …

We develop new distribution discontinuity tests conditional on multiple explanatory variables
for analyzing meet-or-just-beat behavior around benchmarks. These tests combine …

The rules governing financial accounting and disclosure in the banking industry often
change in response to economic crises. This chapter reviews the recent literature in four …

Using the introduction of an asset based two-tiered evaluation scheme in the 1995 CRA
reform, we examine the consequences of regulatory avoidance. Banks exploit the attribute …

Using a unique setting where stand-alone banks submit filings to bank regulators instead of
the US Securities and Exchange Commission (SEC), we examine the consequences of …

Since May 2015 several US Bank Holding Companies (BHCs) have been newly classified
as small banks by regulators, thus benefiting from a friendlier regulatory capital environment …

Abstract After the Great Recession, new regulatory interventions were introduced to protect
consumers and reduce the costs of financial products. Some voiced concern that direct price …

Purpose This paper aims to examine how bank stress tests affect bank tax planning.
Design/methodology/approach The study uses US bank stress test bank size thresholds and …

We examine whether fair value (FV) deficiencies highlighted in Public Company Accounting
Oversight Board (PCAOB) inspection reports improve perceptions of the reporting quality of …

We investigate the role of mandatory financial disclosure in the takeover market for privately
held US banks. Public financial information plays a critical role in the takeover market as …