Matches in SemOpenAlex for { <https://semopenalex.org/work/W4312001300> ?p ?o ?g. }
- W4312001300 abstract "International Financial Reporting Standard (IFRS) 9 is of practical relevance to banks because it requires intense monitoring of borrowers to record timely loan losses. Using data from 50 countries, we find that accounting-driven bank monitoring due to IFRS 9 adoption reduces firms’ reliance on bank debt relative to public debt. This finding is consistent with firms experiencing more costly bank monitoring after a shift in regulatory reporting that requires banks to monitor borrowers more intensely. In further analyses, we find that the negative effect of IFRS 9 adoption on bank debt reliance is more pronounced with more stringent regulatory supervision of banks, consistent with regulatory stringency exacerbating costly bank monitoring for firms. We also find that the negative effect is stronger when firms can more easily switch from bank debt to public debt financing, consistent with the relevance of switching costs in firms’ decisions to avoid costly bank monitoring. This paper was accepted by Suraj Srinivasan, accounting. Funding: This work was supported by the National Natural Science Foundation of China [Grant 71802205], the Program for Innovation Research, and the Program for Young Talents Cultivation [Grant QYP202103] in Central University of Finance and Economics. Supplemental Material: Data and the online appendix are available at https://doi.org/10.1287/mnsc.2022.4628 ." @default.
- W4312001300 created "2023-01-03" @default.
- W4312001300 creator A5017222712 @default.
- W4312001300 creator A5040046355 @default.
- W4312001300 creator A5046086438 @default.
- W4312001300 date "2022-12-09" @default.
- W4312001300 modified "2023-10-01" @default.
- W4312001300 title "Accounting-Driven Bank Monitoring and Firms’ Debt Structure: Evidence from IFRS 9 Adoption" @default.
- W4312001300 cites W1867381397 @default.
- W4312001300 cites W1896688743 @default.
- W4312001300 cites W1967903981 @default.
- W4312001300 cites W1969519191 @default.
- W4312001300 cites W1982438007 @default.
- W4312001300 cites W1986140444 @default.
- W4312001300 cites W2004598128 @default.
- W4312001300 cites W2011347071 @default.
- W4312001300 cites W2015766033 @default.
- W4312001300 cites W2017126962 @default.
- W4312001300 cites W2018849787 @default.
- W4312001300 cites W2044781930 @default.
- W4312001300 cites W2047582865 @default.
- W4312001300 cites W2055324653 @default.
- W4312001300 cites W2066948865 @default.
- W4312001300 cites W2081788629 @default.
- W4312001300 cites W2084894276 @default.
- W4312001300 cites W2087178224 @default.
- W4312001300 cites W2090920573 @default.
- W4312001300 cites W2096930040 @default.
- W4312001300 cites W2100673825 @default.
- W4312001300 cites W2108491286 @default.
- W4312001300 cites W2118889105 @default.
- W4312001300 cites W2124532504 @default.
- W4312001300 cites W2129929567 @default.
- W4312001300 cites W2142108331 @default.
- W4312001300 cites W2142831770 @default.
- W4312001300 cites W2153706302 @default.
- W4312001300 cites W2157509893 @default.
- W4312001300 cites W2159522238 @default.
- W4312001300 cites W2165717995 @default.
- W4312001300 cites W2323290796 @default.
- W4312001300 cites W2340676008 @default.
- W4312001300 cites W2465587637 @default.
- W4312001300 cites W2486150696 @default.
- W4312001300 cites W2509857207 @default.
- W4312001300 cites W2613809410 @default.
- W4312001300 cites W2751764863 @default.
- W4312001300 cites W2752617332 @default.
- W4312001300 cites W2753886298 @default.
- W4312001300 cites W2792946472 @default.
- W4312001300 cites W2793244992 @default.
- W4312001300 cites W2793508611 @default.
- W4312001300 cites W2941822748 @default.
- W4312001300 cites W3013638899 @default.
- W4312001300 cites W3016655272 @default.
- W4312001300 cites W3023634873 @default.
- W4312001300 cites W3108598449 @default.
- W4312001300 cites W3121319242 @default.
- W4312001300 cites W3121486006 @default.
- W4312001300 cites W3121544977 @default.
- W4312001300 cites W3121759882 @default.
- W4312001300 cites W3121815454 @default.
- W4312001300 cites W3121961470 @default.
- W4312001300 cites W3121973884 @default.
- W4312001300 cites W3121994643 @default.
- W4312001300 cites W3122210210 @default.
- W4312001300 cites W3122215823 @default.
- W4312001300 cites W3122246967 @default.
- W4312001300 cites W3122472905 @default.
- W4312001300 cites W3122621141 @default.
- W4312001300 cites W3122798996 @default.
- W4312001300 cites W3123109680 @default.
- W4312001300 cites W3123227291 @default.
- W4312001300 cites W3123311313 @default.
- W4312001300 cites W3123349974 @default.
- W4312001300 cites W3123398248 @default.
- W4312001300 cites W3123429438 @default.
- W4312001300 cites W3123431656 @default.
- W4312001300 cites W3123580916 @default.
- W4312001300 cites W3123659572 @default.
- W4312001300 cites W3123716053 @default.
- W4312001300 cites W3123746573 @default.
- W4312001300 cites W3124082702 @default.
- W4312001300 cites W3124226448 @default.
- W4312001300 cites W3124269021 @default.
- W4312001300 cites W3124315258 @default.
- W4312001300 cites W3124516315 @default.
- W4312001300 cites W3124599649 @default.
- W4312001300 cites W3124658167 @default.
- W4312001300 cites W3124737081 @default.
- W4312001300 cites W3124783532 @default.
- W4312001300 cites W3124804337 @default.
- W4312001300 cites W3124846957 @default.
- W4312001300 cites W3124982262 @default.
- W4312001300 cites W3125121708 @default.
- W4312001300 cites W3125157351 @default.
- W4312001300 cites W3125199115 @default.
- W4312001300 cites W3125561917 @default.
- W4312001300 cites W3125658536 @default.
- W4312001300 cites W3125975775 @default.
- W4312001300 cites W3131283122 @default.