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

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dc.contributor.authorPoshakwale, Sunil S.
dc.contributor.authorAghanya, Daniel
dc.contributor.authorAgarwal, Vineet
dc.date.accessioned2020-02-07T16:00:31Z
dc.date.available2020-02-07T16:00:31Z
dc.date.issued2019-12-14
dc.description.abstractThe 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.identifier.citationPoshakwale 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 101431en_UK
dc.identifier.issn1057-5219
dc.identifier.urihttps://doi.org/10.1016/j.irfa.2019.101431
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/15112
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectFinancial regulationen_UK
dc.subjectTransparencyen_UK
dc.subjectFinancial systemen_UK
dc.subjectFinancial stabilityen_UK
dc.subjectDifference-in-differencesen_UK
dc.titleThe impact of regulations on compliance costs, risk-taking, and the reporting quality of the EU banksen_UK
dc.typeArticleen_UK

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