scholarly journals Financial Reporting under Economic Policy Uncertainty

2021 ◽  
Author(s):  
Peterson K Ozili
Keyword(s):  
Economic Policy ◽  
Financial Reporting ◽  
Policy Uncertainty ◽  
Economic Policy Uncertainty

scholarly journals Financial reporting under economic policy uncertainty

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Peterson Kitakogelu Ozili
Keyword(s):  
Economic Policy ◽  
Financial Reporting ◽  
Fair Value ◽  
Policy Uncertainty ◽  
Fair Value Accounting ◽  
Content Type ◽  
Economic Policy Uncertainty ◽  
New Information ◽  
Accounting Numbers ◽  
The Relationship

Purpose This paper aims to discuss financial reporting under economic policy uncertainty. Design/methodology/approach The paper uses discourse analysis to examine financial reporting under economic policy uncertainty. Findings The paper identifies the link between economic policy uncertainty and financial reporting, in terms of earnings management and fair value accounting. It argues that high economic policy uncertainty will transmit fewer new information to firms which can motivate managers to influence accounting numbers in the direction of the desired financial reporting outcome. Originality/value The relationship between economic policy uncertainty and financial reporting has not been studied. This paper is one of the first papers to relate economic policy uncertainty to financial reporting behavior.

Economic Policy Uncertainty in Banking

2021 ◽  
pp. 275-290
Author(s):  
Peterson K. Ozili
Keyword(s):  
Economic Policy ◽  
Financial Reporting ◽  
Financial Statements ◽  
Future Research ◽  
Policy Uncertainty ◽  
Important Research ◽  
Economic Policy Uncertainty ◽  
Credit Supply ◽  
Bank Managers ◽  
Scholarly Attention

This chapter is a survey of the most important research in the economic policy uncertainty literature. Economic policy uncertainty, although still under-researched relative to mainstream topics in economics and finance, has recently received increased scholarly attention. Through synthesizing common themes in the literature, the chapter highlights the progress made so far and suggests some avenues for future research that allow future researchers to position their research and differentiate themselves from other studies in the literature. The chapter finds that economic policy uncertainty affects banks through a reduction in credit supply and loan re-pricing. High economic policy uncertainty compels bank managers to discretionary distortion of bank financial reporting in ways that help them to mitigate the depressing effect of economic policy uncertainty on banks' financial statements.

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