第一百四十八期财务与会计学术论坛

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题目: Do Firms Adjust Their Timely Loss Recognition in Response to Changes in the Banking Industry? 演讲者:Xiumin Martin,Assistant Professor of Accounting,Washington University in St. Louis 时间: 2011年7月6日(星期三)9:00—10:30AM 地点: 嘉庚二513 参加者: 对会计研究有兴趣的广大师生 主持人: 张国华老师 论文简介: This paper investigates the impact of changes in the banking sector on firms’timely recognition of economic losses. In particular, we focus on the entry of foreign banks into India during the 1990s, which likely causes an exogenous increase in lender demand for timely loss recognition. Analyzing variation in both the timing of the new foreign banks’entries and in their location, we find that foreign bank entry is associated with more timely loss recognition and this increase is positively related to a firm’s subsequent debt levels. The change appears driven by a shift in firms’incentives to supply additional information to lenders and lenders seem to value this information. The increase in timely loss recognition is also greatest among private firms, smaller firms, non-group firms, and firms more dependent on external financing. Overall, our evidence suggests that a firm’s accounting choices respond to changes in the banking industry. 讲座人简介: Xiumin Martin joined Olin Business School after graduating from the University of Missouri in Columbia. While working on her PhD, Martin won numerous Outstanding Research awards and an Outstanding Teaching Award. Before her work towards her doctorate degree Professor Martin worked at Deloitte and Touche Tohmastsu in Shanghai as an Auditor. She is a Chinese Institute Certified Public Accountant.Her research interests include voluntary disclosure and accounting information in assets valuation, etc.