Enhancing bank transparency: Financial reporting quality, fraudulent peers and social capital

Author:

Mattei Marco Maria1ORCID,Platikanova Petya2ORCID

Affiliation:

1. University of Bologna Bologna Italy

2. ESADE‐University Ramon Llull Barcelona Spain

Abstract

AbstractThis study examines the role of social norms in financial markets by relating bank transparency to social capital. Using comprehensive data on commercial banks, we provide empirical evidence that high social capital contributes to more transparent financial reporting, thereby enabling more precise risk assessments and promoting financial stability. We find that the effect of social capital is more pronounced when commercial banks are more complex and disclosure incentives of bank managers are strong. Our results suggest that more opaque reporting by peers explains lower transparency but financial misreporting is less contagious when social capital is high. Our study suggests that social capital can effectively improve reporting transparency when other mechanisms are not effective, thus securing financial system stability.

Funder

Ministerio de Ciencia e Innovación

Publisher

Wiley

Subject

Economics, Econometrics and Finance (miscellaneous),Finance,Accounting

Cited by 1 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Pengaruh Fraud Pentagon terhadap Fraudulent Financial Reporting Menggunakan Beneish Model;Innovative Technologica: Methodical Research Journal;2024-01-09

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