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Size-conditioned mandatory capital adequacy disclosure and bank intermediation

Lookup NU author(s): Dr Shams PathanORCiD

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Abstract

© 2019 Accounting and Finance Association of Australia and New Zealand. We add to the literature on the real effects of macroprudential regulation by investigating the novel link between a mandatory capital adequacy disclosure and bank intermediation. The mandatory disclosure stems from the Federal Reserve regulation change of 2013 and leads to identification of bank intermediation effects with treatment methods. A combined empirical strategy of difference-in-differences and regression discontinuity design point to economically significant evidence for the reduction of both lending and on-balance sheet liquidity creation, for banks that disclose their capital adequacy as prescribed by the regulation.

Publication metadata

Author(s): Zelenyuk N, Faff R, Pathan S

Publication type: Article

Publication status: Published

Journal: Accounting and Finance

Year: 2020

Volume: 60

Issue: 4

Pages: 4387-4417

Print publication date: 01/12/2020

Online publication date: 16/09/2019

Acceptance date: 02/04/2018

ISSN (print): 0810-5391

ISSN (electronic): 1467-629X

Publisher: John Wiley and Sons Inc.

URL: https://doi.org/10.1111/acfi.12536

DOI: 10.1111/acfi.12536

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