We survey research on banks׳ financial accounting. After providing a brief background of the
theoretical models and accounting and regulatory institutions underlying the bank …

This book began as a series of lesson notes for a financial accounting theory course of the
Certified General Accountants' Association of Canada (CGA). The lesson notes grew out of a …

We review recent literature on the role of financial reporting transparency in reducing
governance-related agency conflicts among managers, directors, and shareholders, as well …

We outline several properties of IFRS that potentially affect the contractibility or the
transparency of financial statement information, and hence the use of that information in debt …

Using a data set that records banks' ongoing requests of information from small commercial
borrowers, we examine when banks use financial statements to monitor borrowers after loan …

Theory posits that managerial holdings of debt (“inside debt”) align managers' incentives
with those of outside debtholders. Executive pensions, consisting of rank-and-file (RAF) …

We review the recent theoretical and empirical literature on debt covenants with a particular
focus on how creditor governance after covenant violations can influence the borrower's …

This study uses covenant violations to provide evidence on how firms make disclosure
decisions in the presence of enhanced bank monitoring. Using a regression discontinuity …

We empirically examine the effect of top management team (TMT) stability on corporate debt
concentration. Using a sample of A-share listed companies in China from 2003 to 2020, we …

Debt secured by collateral is repaid ahead of unsecured debt, even if taken in violation of
covenants. We develop a model in which this priority leads to conflicts among debt contracts …