Using the SEC’s 2004 decision to begin publicly disclosing its comment letters, we study the consequences of increased regulatory transparency on the banking industry. Because the SEC only issues comment letters to public banks, we exploit a difference-in-differences design to examine the...

This paper examines whether former auditors on the audit committee constrain earnings management in the banking industry. Given the complexity and the size of banking organizations, it can be argued that the audit committees of large banks should possess a higher level of financial expertise...

The study evaluated the effect of fair value reporting on financial profitability and firm value with focus on deposit money banks listed on the Nigerian Stock Exchange Using a sample of 13 banks quoted on the Exchange, the study employed secondary data gathered from published annual reports of...

In this study, we examine whether banks' use of the loan loss provision (LLP) to manage earnings is associated with 1) the extent to which banks hold assets subject to fair value reporting and 2) the use of an industry specialist auditor. We find that banks with a greater proportion of assets...

The study considers the effect of taxation on the dividend policy of banks in Nigeria. The study was set out to determine the relationship between dividend and taxes and to find out whether taxes affect the dividends of the quoted deposit money banks in the Nigerian Stock Exchange from 2006 to...

We investigate the role of bank regulatory reports in the information environments of banks. We find that: (1) Call Reports, but not FR Y-9Cs, elicit economically significant stock price and volume reactions when they are publicly released despite the fact that Call Reports usually follow...

Evidence of the effect of lender financial reporting incentives on debt contract design is sparse. We examine whether regulatory capital adequacy, a first-order reporting concern for banks, is associated with the strictness of financial covenants included in loan contracts. We provide evidence...

Microfinance banks play at the lower rung of the cedit delivery system with the aim of extending credit to the poor but economically active members of society. The purpse of this paper is to chronicle the role of sustainable microfinance banking in the economic development of Nigeria. This is a...

Purpose – This paper examines whether the choice of the financial reporting system can influence the credit rating of an enterprise. It aims to argue that SMEs reporting according to IFRS can – in some cases – benefit from better credit conditions in comparison with reporting according to...

One of the necessary conditions for organisational controls to work is that the manager whose performance is being measured must be able to affect the results in a material way. The controllability principle in management accounting is one of the central tenets of responsibility accounting,...