From the perspective of the bank, this article emphasizes the impact of banks' role in the supervisor in the economy and the changes in accounting standards on its behavior.The results of bank supervision can be used by the financial status and performance of the loan portfolio disclosed by the financial report, and are used by regulatory agencies, investors, deposits and other stakeholders.Therefore, when the accounting disclosure is conducted, the bank needs to consider the impact of the information disclosed in the report.It can be seen that the accounting requirements for accounting standards will affect bank loan decisions.This article focuses on how the bank supervision driven by the changes in accounting standards affects the company's dependence on bank loan financing relative to bond financing.
The implementation of the International Financial Report Standard No. 9 (IFRS9) is practical to bank because the standard requires close monitoring of the lender to record a timely loan loss.Using data from 50 countries and regions, we found that accounting -driven bank supervision due to the adoption of IFRS 9 reduced the company's dependence on bank loans relative to bond financing.This discovery is consistent with the rise in bank loans with the company's accounting guidelines for more close monitoring of lenders.In further analysis, this article finds that the negative impact of IFRS 9's dependence on bank loans is more significant when regulating banks is stricter.This article also found that when the company is more likely to switch from bank loans to bond financing, the effect of IFRS 9 is more obvious.
The innovation point of this article is based on the use of IFRS 9 as the background, and the economic consequences of studying banks adopt the expected credit loss model.This article provides new evidence for bank accounting from the transition from the credit loss model to the expected credit loss model.The purpose of the International Financial Report Guidelines NoIndore Investment. 9 from the loss model to the expected credit loss model is to ensure that banks actively monitor and report loan losses more, thereby maintaining the stability of the financial market.The adoption of IFRS 9 has a direct impact on bank operations.The results of this article further show that from the perspective of bank loans, this impact is indirectly overflowing into the loan company.This article emphasizes that the changes in accounting standards and disclosure will have important economic consequences and have an important impact on banks and company behavior.
The paper published in the international academic journal of our school began in the early 1990s. Since 2014, it has been published in the top international journals in accounting. By the end of 2023Five international journals Journal of Accounting and Economics (JAE), Journal of Accounting Research (JAR), The Accounting Review (TAR), and Contemporary Accounting ( Car) and Review of Accounting Studies (RAST).The results of the above -mentioned cooperation research published by Associate Professor Li Xiao in the Management Science further consolidated and improved the professional frontier contribution of our school's management and accounting disciplines and international and domestic reputation.
Writing: Li Xiao; Review: Wu XiJaipur Investment
Edit: Guan Tianzheng; review: Liu Yu
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