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The role of bank monitoring in borrowers[U+05F3] discretionary disclosure: Evidence from covenant violations

Publication ,  Journal Article
Vashishtha, R
Published in: Journal of Accounting and Economics
January 1, 2014

This study uses covenant violations to provide evidence on how firms make disclosure decisions in the presence of enhanced bank monitoring. Using a regression discontinuity design, I find that firms reduce disclosure following covenant violations. A series of analyses suggest that part of this decline in disclosure reflects a delegation of monitoring to banks by shareholders who consequently demand less disclosure. © 2014 Elsevier B.V.

Duke Scholars

Published In

Journal of Accounting and Economics

DOI

ISSN

0165-4101

Publication Date

January 1, 2014

Volume

57

Issue

2-3

Start / End Page

176 / 195

Related Subject Headings

  • Accounting
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 3501 Accounting, auditing and accountability
  • 1502 Banking, Finance and Investment
  • 1501 Accounting, Auditing and Accountability
  • 1402 Applied Economics
 

Citation

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Vashishtha, R. (2014). The role of bank monitoring in borrowers[U+05F3] discretionary disclosure: Evidence from covenant violations. Journal of Accounting and Economics, 57(2–3), 176–195. https://doi.org/10.1016/j.jacceco.2014.04.002
Vashishtha, R. “The role of bank monitoring in borrowers[U+05F3] discretionary disclosure: Evidence from covenant violations.” Journal of Accounting and Economics 57, no. 2–3 (January 1, 2014): 176–95. https://doi.org/10.1016/j.jacceco.2014.04.002.
Vashishtha R. The role of bank monitoring in borrowers[U+05F3] discretionary disclosure: Evidence from covenant violations. Journal of Accounting and Economics. 2014 Jan 1;57(2–3):176–95.
Vashishtha, R. “The role of bank monitoring in borrowers[U+05F3] discretionary disclosure: Evidence from covenant violations.” Journal of Accounting and Economics, vol. 57, no. 2–3, Jan. 2014, pp. 176–95. Scopus, doi:10.1016/j.jacceco.2014.04.002.
Vashishtha R. The role of bank monitoring in borrowers[U+05F3] discretionary disclosure: Evidence from covenant violations. Journal of Accounting and Economics. 2014 Jan 1;57(2–3):176–195.
Journal cover image

Published In

Journal of Accounting and Economics

DOI

ISSN

0165-4101

Publication Date

January 1, 2014

Volume

57

Issue

2-3

Start / End Page

176 / 195

Related Subject Headings

  • Accounting
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 3501 Accounting, auditing and accountability
  • 1502 Banking, Finance and Investment
  • 1501 Accounting, Auditing and Accountability
  • 1402 Applied Economics