Do Strict Regulators Increase the Transparency of Banks?
We investigate the role that regulatory strictness plays on the enforcement of financial reporting transparency in the U.S. banking industry. Using a novel measure of regulatory strictness in the enforcement of capital adequacy, we show that strict regulators are more likely to enforce restatements...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
Blackwell Publishing Ltd
2019
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Subjects: | |
Online Access: | View Fulltext in Publisher |