The impact of regulations on compliance costs, risk-taking, and the reporting quality of the EU banks

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dc.contributor.author Poshakwale, Sunil S.
dc.contributor.author Aghanya, Daniel
dc.contributor.author Agarwal, Vineet
dc.date.accessioned 2020-02-07T16:00:31Z
dc.date.available 2020-02-07T16:00:31Z
dc.date.issued 2019-12-14
dc.identifier.citation Poshakwale S, Aghanya D, Agarwal V. (2019) The impact of regulations on compliance costs, risk-taking, and the reporting quality of the EU banks. International Review of Financial Analysis, Volume 68, March 2020, Article number 101431 en_UK
dc.identifier.issn 1057-5219
dc.identifier.uri https://doi.org/10.1016/j.irfa.2019.101431
dc.identifier.uri http://dspace.lib.cranfield.ac.uk/handle/1826/15112
dc.description.abstract The paper examines how the Statutory Audit and Corporate Reporting Directives (SACORD) affect the compliance costs, risk taking and quality of financial reporting of the EU banks. Using a natural experiment, we find that post SACORD, both compliance costs and risk taking increase significantly. However, the implementation of additional regulations seems to be effective in terms of improved quality of financial reporting. When we analyse the impact by size, we find that smaller banks face disproportionately higher increase in compliance costs while larger banks seem to engage in greater risk taking. en_UK
dc.language.iso en en_UK
dc.publisher Elsevier en_UK
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International *
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/4.0/ *
dc.subject Financial regulation en_UK
dc.subject Transparency en_UK
dc.subject Financial system en_UK
dc.subject Financial stability en_UK
dc.subject Difference-in-differences en_UK
dc.title The impact of regulations on compliance costs, risk-taking, and the reporting quality of the EU banks en_UK
dc.type Article en_UK


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