Optimal Reporting Systems in Bank Runs

We are grateful for comments from Sanjay Banerjee, Jeremy Bertomeu, Edwige Cheynel (discussant), Pingyang Gao, Robert Göx, Keri Peicong Hu, Todd Kaplan (discussant), Volker Laux, Lucas Mahieux, Rahul Menon (discussant), Jack Stecher, Guochang Zhang, and participants at the Twelfth Accounting Research Workshop (Basel), 2022 FARS Midyear Meeting, 2022 Hawai’i Accounting Research Conference, University of Alberta, The University of Hong Kong, Renmin University of China, and The University of Texas at Austin. Gaoqing Zhang is visiting the Tepper School of Business at Carnegie Mellon University.

A previous version of the paper was circulated under the title “Reporting Rules in Bank Runs.”

Gaoqing Zhang, University of Minnesota, Carlson School of Management, Department of Accounting, Minneapolis, MN, USA; Ronghuo Zheng, The University of Texas at Austin, McCombs School of Business, Department of Accounting, Austin, TX, USA.

Editor’s note: Accepted by Judson Caskey, under the Senior Editorship of W. Robert Knechel.