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BIRC Seminar Series

Professor Liang Song
Department of Accounting and Finance
Charlton College of Business
University of Massachusetts Dartmouth

Abstract: Using a sample of major banking institutions in 37 economies, we show that the value relevance of earnings and book values is higher in countries with stricter bank accounting regulations and countries with stronger enforcement mechanisms. This finding suggests that superior bank accounting regulations and enforcement mechanisms enhance the credibility of financial reporting and disclosures by banking institutions, which allows investors to better incorporate accounting numbers into the stock pricing process. In addition, we find that the effects of bank accounting regulations are more pronounced in countries with strong enforcement, suggesting that stronger enforcement is complementary to bank accounting regulations in achieving higher value relevance of financial statements. Our study has important policy implications for bank regulators.

Dr. Liang Song is a faculty member in the Department of Accounting and Finance at UMass Dartmouth and a Certified Management Accountant. Before he joined UMass Dartmouth, he was an assistant professor of accounting at Michigan Technological University. His teaching interests include financial accounting, managerial accounting, and accounting information systems. His research topics are related to earnings management, audit quality, corporate governance, financial institutions, and capital market.

 For further information about BIRC and its activities, please click the following link: http://www.umassd.edu/birc/

 Contact: Professor Tim Shea (tshea@umassd.edu) X8445 or Ms. Juma Miller (j1miller@umassd.edu) X8862.

Details

Date:
November 9, 2016
Time:
12:00 pm - 1:00 pm
Event Category:

Organizer

Professor Tim Shea
Email:
tshea@umassd.edu

Venue

Charlton College of Business of UMass Dartmouth
285 Old Westport Road
Dartmouth, MA 02747-2300 United States
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Phone:
(508) 999-8000
Website:
http://www.umassd.edu/