دوشنبه 17 اردیبهشت 1403
| عنوان مقاله | |
| عنوان مقاله |
The contribution of bank regulation and fair value accounting to procyclical leverage |
| عنوان فارسی مقاله | سهم مقررات بانکی و حسابداری ارزش منصفانه در اهرم های دادرسی |
| مشخصات مقاله انگلیسی | |
| نشریه: Springer |
|
| سال انتشار |
2017 |
| عنوان مجله |
Review of accounting studies |
| تعداد صفحات مقاله انگلیسی | 32 |
| رفرنس | دارد |
| تعداد رفرنس | 38 |
| چکیده مقاله | |
| چکیده |
Our analysis of how banks ’ responses to asset price changes can result in procyclical leverage reveals that, for banks with a binding regulatory leverage constraint, absent differences in regulatory risk weights across assets, procyclical leverage does not occur. For banks without a binding constraint, fair value and bank regulation both can contribute to procyclical leverage. Empirical findings based on a large sample of U.S. commercial banks reveal that bank regulation explains procyclical leverage for banks relatively close to the regu- latory leverage constraint and contribut es to procyclical leverage for those that are not. We also show that fair value accounting does not contribute to procyclical leverage. |
| کلمات کلیدی |
|
| دانلود | |
