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

We provide an overview of the empirical literature on the politics of accounting standard-
setting, focusing on the US Financial Accounting Standards Board (FASB). Although it is …

The use of accounting measures and disclosures in banks' contracts and regulation
suggests that the quality of banks' financial reporting is central to the efficacy of market …

This paper investigates the influence of corporate governance on financial firms'
performance during the 2007–2008 financial crisis. Using a unique dataset of 296 financial …

We test whether mandatory IFRS adoption affects firm-level “crash risk,” defined as the
frequency of extreme negative stock returns. We separately analyze nonfinancial firms and …

The availability of credit varies over the business cycle through shifts in the leverage of
financial intermediaries. Empirically, we find that intermediary leverage is negatively aligned …

This paper examines banks' disclosures and loss recognition in the 2007–2009 financial
crisis and identifies several core issues for the link between accounting and financial …

This article examines the consequences of accounting policy choices for individual banks'
downside tail risk, for the codependence of such risk among banks, and for regulatory …

Abstract Held-to-Maturity (HTM) accounting allows banks to avoid using current market
prices to value securities on their balance sheet. During 2022, the HTM portfolios of US …

This paper examines whether fair value adjustments included in other comprehensive
income (OCI) predict future bank performance. It also examines whether the reliability of …