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https://ah.lib.nccu.edu.tw/handle/140.119/110503
題名: | Credibility of Voluntary Disclosure in Financial Firms | 作者: | 何靜嫺 Ho, Shirley J. |
貢獻者: | 經濟系 | 關鍵詞: | Voluntary disclosure; financial firms; speculative run | 日期: | 2017 | 上傳時間: | 27-六月-2017 | 摘要: | Financial firms are more vulnerable to the investors’ lacking in confidence, and a speculative run could happen when all investors lose their confidence and withdraw simultaneously. In addition to the existing discussions on endogenous misreporting cost such as reputation, propriety and social norm effects, this paper demonstrated that the threat of speculative run can serve as an endogenous misreporting cost which prevents the bank manager from lying in their voluntary disclosures. Hence, voluntary disclosures such as management earnings forecast can be informative, and the degree of information revelation will be positively related to depositors’ perspectives on the random investment shock. | 關聯: | Asia-Pacific Journal of Accounting & Economics, Volume 24, Issue 1-2, Pages 232-247 | 資料類型: | article | DOI: | http://dx.doi.org/10.1080/16081625.2016.1184988 |
Appears in Collections: | 期刊論文 |
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