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 125
- Downloads 0
Role of Virtual Platform Operators in Transforming Consumer Goods Market
Consumer goods market has evolved in recent four decades together with the dissemination of digital technologies and development of e-commerce. Practices based on human intelligence that solidified over ages are nowadays...
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...
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...
Corporate Governance Versus Ethics. The Case of Goldman Sachs
The purpose of this paper: The purpose of this paper is to addresses corporate governance shortcomings identified in the pre-crisis period using the example of Goldman Sachs, it attempts to reveal the company’s divergenc...
FDI Inflow to Special Economic Zones in Poland Regional Approach
One of the ways to convince investors, in particular foreign ones, to participate in the pursuit of host country’s economic policies leads through the development of Special Economic Zones (SEZs), which are designed to o...