SVB and Credit Suisse: The Case for Strong First-Line Risk Governance
In: Strategic Finance (2023)
13 Ergebnisse
Sortierung:
In: Strategic Finance (2023)
SSRN
In: EDPACS, 2015, Vol. 51, Issue 4, pp. 9-14.
SSRN
In: Journal of Accounting, Auditing and Finance, 2018, Vol. 33(2), 200-227
SSRN
In: Accounting Horizons, Band 27, Heft 2
SSRN
In: Administrative Science Quarterly, Band 39, Heft 2, S. 264
In: Administrative science quarterly: ASQ ; dedicated to advancing the understanding of administration through empirical investigation and theoretical analysis, Band 39, Heft 2, S. 264-284
ISSN: 0001-8392
In: ADIAC-D-23-00103
SSRN
In: Journal of International Accounting Research Forthcoming
SSRN
In: Journal of International Accounting Research, Band 18, Heft 1, S. 47-70
ISSN: 1558-8025
ABSTRACTIn 2007, the U.S. Securities and Exchange Commission voted to eliminate the 20-F reconciliation requirement for foreign issuers listing their stocks or bonds in the U.S. capital markets and preparing their financial statements under International Financial Reporting Standards (IFRS). Distinct from prior research focusing on the equity market, we investigate the impact of eliminating the 20-F reconciliation on the cost of debt in the U.S. listed foreign bond market. Employing a difference-in-differences approach, we document that bond yield spread increases for foreign IFRS bond issuers after the elimination of 20-F reconciliation. The results suggest that bondholders, on average, view the elimination of 20-F reconciliation as an information loss. Cross-sectional analyses reveal that the positive association between the elimination of 20-F reconciliation and bond yield spread is more pronounced for firms with greater stock return volatility, lower institutional ownership, weaker reporting incentives, and higher country-level investor protection.JEL Classifications: M41; G15; G18.
In: Journal of Contemporary Accounting and Economics, Forthcoming
SSRN
In: International Journal of Disclosure and Governance (Forthcoming)
SSRN
In: Asian Review of Accounting
SSRN