The Banks’ Financial Reporting and the Downfall of the Banking Sector

• Authors: Aleszczyk, Aleksander Amadeusz

Abstracts

EN

The recent literature examines the causes of the financial crisis of 2007–08 and their impact on global financial markets and economies. This paper attempts to close the gap in the banking sector’s research – linking inefficiencies of financial reporting with the funding position of banks. The analysis includes three accounting practices and three ways in which the financing of banks was hindered. Importantly, this work examines economic mechanisms that demonstrate a causal relation between imperfect financial reporting and illiquidity in the banking sector. The paper argues that decreased competitiveness of the banking industry stems from problems in effective reporting of this sector. Arguably, a better understanding of vulnerable areas of information disclosure and transmission channels would allow regulators to make future crises in banking less severe.

Keywords

EN

financial reporting of banks; liquidity; funding risk; financial crisis; behavioural accounting

• Publisher: Szkoła Główna Handlowa w Warszawie. Kolegium Zarządzania i Finansów
• Journal: Journal of Management and Financial Sciences
• Year: 2015
• Volume: 19(1)
• Pages: 9-36

Dates

published

2017-08-28

Contributors

author

Aleszczyk, Aleksander Amadeusz