The Banks’ Financial Reporting and the Downfall of the Banking Sector
Journal Title: Journal of Management and Financial Sciences - Year 2015, Vol 19, Issue 1
Abstract
The recent literature examines the causes of the financial crisis of 2007–08 and their impact on global financial markets and economies. This paper attempts to close the gap in the banking sector’s research – linking inefficiencies of financial reporting with the funding position of banks. The analysis includes three accounting practices and three ways in which the financing of banks was hindered. Importantly, this work examines economic mechanisms that demonstrate a causal relation between imperfect financial reporting and illiquidity in the banking sector. The paper argues that decreased competitiveness of the banking industry stems from problems in effective reporting of this sector. Arguably, a better understanding of vulnerable areas of information disclosure and transmission channels would allow regulators to make future crises in banking less severe.
Authors and Affiliations
Aleksander Amadeusz Aleszczyk
Keywords
Related Articles
- EP ID EP216959
- DOI -
- Views 121
- Downloads 0
The Banks’ Financial Reporting and the Downfall of the Banking Sector
The recent literature examines the causes of the financial crisis of 2007–08 and their impact on global financial markets and economies. This paper attempts to close the gap in the banking sector’s research – linking ine...
Description of knowledge management in network organisations operating on the Polish market
Knowledge plays a double role in network organisations: on the one hand it is a determinant and the main reason for creating a network structure, on the other hand – it is the effect of the functioning of these structure...
Homo Oeconomicus Versus Homo Ethicus
The aim of this paper is to show the conflict between a traditional paradigm of homo oeconomicus and a new approach to finance – homo ethicus. The authors present the concept of rationality in economics, then show the im...
Corporate Financing Strategies: Cross‑ ‑industry and Cross‑size Analysis of the EU Countries
Corporate finance literature is rich in both theoretical discussion and empirical research concerning financing and the capital structure determinants. However, despite many studies conducted in this field, the impact of...
The Business Model as a Determinant of Financial Statements
The future of a business organization depends on its business model and which factors and resources are involved; they determine the profitability and the way of creating value. The financial statements present the finan...