Credit Availability and Voluntary Disclosures: Evidence from Interstate Bank Branching Deregulation

2021 ◽  
Author(s):  
Nargess Golshan
Keyword(s):  
Voluntary Disclosures ◽  
Credit Availability ◽  
Bank Branching

Credit availability and voluntary disclosures : evidence from interstate branching deregulation

2020 ◽  
Author(s):  
◽  
Nargess M. Golshan
Keyword(s):  
Banking Sector ◽  
Bank Loans ◽  
Litigation Risk ◽  
Information Costs ◽  
Voluntary Disclosures ◽  
University Of Missouri ◽  
Lending Relationships ◽  
Regulatory Changes ◽  
The University ◽  
Bank Branching

[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI--COLUMBIA AT REQUEST OF AUTHOR.] This study examines whether the increased availability of bank loans affects borrowers' voluntary disclosures. Exploiting the staggered deregulation of interstate bank branching across states in the U.S., I find that bank-dependent firms decrease their voluntary disclosures following bank branching deregulation. This overall effect is muted for firms with higher information asymmetry in the public capital markets and higher litigation risk. Furthermore, the decline in voluntary disclosures is more pronounced among borrowers with higher proprietary information costs and stronger lending relationships with their lenders. Further analysis reveals that bank-dependent firms that stop issuing earnings guidance after branching deregulation experience decreased liquidity in the equity market. Overall, this paper sheds light on how regulatory changes in the banking sector have externalities on borrowers' disclosure decisions.

Voluntary Disclosures and the Firm-Value Effects of Carbon Emissions

2011 ◽  
Author(s):  
Rachna Prakash ◽  
Ella Mae Matsumura ◽  
Sandra C. Vera-Munoz
Keyword(s):  
Carbon Emissions ◽  
Firm Value ◽  
Voluntary Disclosures

Consolidation and bank branching patterns

1999 ◽  
Vol 23 (2-4) ◽  
pp. 497-532 ◽  
Author(s):  
Robert B. Avery ◽  
Raphael W. Bostic ◽  
Paul S. Calem ◽  
Glenn B. Canner
Keyword(s):  
Branching Patterns ◽  
Bank Branching
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