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Keywords: financial stability
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Journal Articles
The Accounting Review (2024) 99 (2): 457–481.
Published: 01 March 2024
...Gaoqing Zhang; Ronghuo Zheng ABSTRACT We study the role of reporting systems in the context of bank runs. In our model, a bank receives an early but imprecise estimate of its investment performance, and its financial reporting system generates a report. We find that, from a financial-stability...
Journal Articles
The Accounting Review (2019) 94 (1): 229–248.
Published: 01 January 2019
...Pierre Jinghong Liang; Gaoqing Zhang ABSTRACT In this paper, we analyze the social value of accounting objectivity in maintaining financial stability. Building on an early influential accounting study by Ijiri and Jaedicke (1966) , we operationalize two informational properties, accuracy (free...