2026-09-23T13:53:12Z https://www.ideals.illinois.edu/oai-pmh

oai:www.ideals.illinois.edu:2142/26419 2023-07-10 col_2142_5131 col_2142_16440 com_2142_5130 com_2142_16439 com_2142_9216

Gong, Jianxin Sougiannis, Theodore Gong, Jianxin Narayanamoorthy, Ganapathi S. Venugopalan, Raghunathan Deltas, George Wang, I-Ling 2011-08-26T15:35:09Z 2013-08-27T10:00:28Z 2011-08-26T15:35:09Z 2011-08 I investigate whether U.S. bank holding companies choose early adoption of accounting standards to better access external financing. Both economic intuition and theories suggest that banks are motivated to take measures such as information disclosure to better access capital markets. Examining accounting standards from January 1995 to March 2008 that allowed for early adoption, I find that banks with lower profitability and higher risk profiles are more likely to choose early adoption. This evidence is consistent with a bank’s incentive to better access external financing. In addition, the results suggest a counter-signaling effect of early-adoption decisions. I further find that banks are more likely to choose early adoption for the purpose of having better access to external financing when the income effects of accounting standards are ex ante undetermined or when only disclosures are required. I provide evidence that banks vary their early-adoption decisions according to several accounting standard characteristics, such as the income effects of accounting standards, standard type (financial versus non-financial), and standard complexity. Finally, early adopters generally experience higher fund growth than matched late adopters during economic expansions when banks are most motivated to attract more funds. Item withdrawn by Mark Zulauf (zulauf@illinois.edu) on 2011-07-06T13:56:43Z Item was in collections: University of Illinois Theses & Dissertations (ID: 1) No. of bitstreams: 1 WANG_I-LING.pdf: 332009 bytes, checksum: 8734384d62ef8a8dc3c17a5214b26d33 (MD5) Made available in DSpace on 2011-08-26T15:35:09Z (GMT). No. of bitstreams: 2 WANG_I-LING.pdf: 332009 bytes, checksum: 8734384d62ef8a8dc3c17a5214b26d33 (MD5) license.txt: 4057 bytes, checksum: fc8748f4916ddb6b6b24f4ef0500157c (MD5) Item marked as restricted to the 'Administrator' Group (id=1) by William Ingram (wingram2@illinois.edu) on 2011-08-26T15:35:56Z Item is restricted until 2013-08-26T15:35:26Z Item reinstated by Sarah Shreeves (sshreeve@illinois.edu) on 2013-08-27T10:00:28Z Item was in collections: University of Illinois Dissertations and Theses (ID: 204) Dissertations and Theses - Accountancy (ID: 758) No. of bitstreams: 3 WANG_I-LING.pdf.txt: 133737 bytes, checksum: c763d8a1d015b3e0830440b7deaf9536 (MD5) WANG_I-LING.pdf: 332009 bytes, checksum: 8734384d62ef8a8dc3c17a5214b26d33 (MD5) license.txt: 4057 bytes, checksum: fc8748f4916ddb6b6b24f4ef0500157c (MD5) Item released from any restrictions by Sarah Shreeves (sshreeve@illinois.edu) on 2013-08-27T10:00:28Z http://hdl.handle.net/2142/26419 en Copyright 2011 I-Ling Wang accounting standards early adoption counter-signaling banking industry external financing voluntary disclosure Early adoption of accounting standards in the banking industry Accountancy 1346 Accountancy 0071 University of Illinois at Urbana-Champaign Dissertation Ph.D. PHD:Accountancy -UIUC 10KS0071PHD