Publications Database

Welcome to the new Schulich Peer-Reviewed Publication Database!

The database is currently in beta-testing and will be updated with more features as time goes on. In the meantime, stakeholders are free to explore our faculty’s numerous works. The left-hand panel affords the ability to search by the following:

  • Faculty Member’s Name;
  • Area of Expertise;
  • Whether the Publication is Open-Access (free for public download);
  • Journal Name; and
  • Date Range.

At present, the database covers publications from 2012 to 2020, but will extend further back in the future. In addition to listing publications, the database includes two types of impact metrics: Altmetrics and Plum. The database will be updated annually with most recent publications from our faculty.

If you have any questions or input, please don’t hesitate to get in touch.

 

Search Results

Kanagaretnam, K,. Jin, J.Y., Liu, Y. and Lobo, J. (2019). "Economic Policy Uncertainty and Bank Earnings Opacity", Journal of Accounting and Public Policy, 38, 199- 218.

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Keywords
Abstract Using a sample of U.S. banks and an index for economic policy uncertainty developed by Baker et al. (2016), we investigate whether economic policy uncertainty is systematically related to bank earnings opacity. When economic policy is relatively uncertain, it is easier for bank managers to distort financial information, as unpredictable economic policy changes make assessing the existence and impact of hidden “adverse news” more difficult for investors and creditors. Economic policy uncertainty also increases the fluctuation in banks’ earnings and cash flows, thus providing additional incentives and opportunities for bank managers to engage in earnings management. Our results show that uncertainty in economic policy is positively related to earnings opacity, proxied by the magnitude of discretionary loan loss provisions and the likelihood of just meeting or beating the prior year’s earnings, and negatively related to the level of accounting conservatism (i.e., the timeliness of recognition of bad news relative to good news). Collectively, our results suggest that economic policy uncertainty leads to greater earnings opacity. We also find that the impact of economic policy uncertainty on financial reporting distortion is less pronounced for stronger banks (i.e., banks with high capital ratios).

Kanagaretnam, K., Jin, J.Y. and Liu, Y. (2018). "Banks’ Funding Structure and Earnings Quality", International Review of Financial Analysis, 59, 163-178.

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Keywords
Abstract Using a sample of U.S. public and private banks, we examine the implications of banks’ funding strategies for banks’ earnings quality. We find that the ratio of core deposits to total liabilities (CDL), our proxy for bank reliance on retail deposits over wholesale funds, is negatively and significantly associated with the magnitude of earnings management through discretionary loan loss provisions (DLLP). This finding is consistent with the arguments that retail deposits are relatively more stable and information-insensitive, reflect a more conservative business model, and attract more intensive monitoring from the Federal Deposit Insurance Corporation (FDIC) than wholesale funds. We find that the inverse relationship between retail funding and earnings management holds for both incomeincreasing and income-decreasing DLLP. Besides, reliance on retail funding decreases the likelihood of meeting-or-beating earnings benchmark, and the extent of income smoothing through loan loss provisions (LLP). In an additional analysis, we find that banks with higher CDL are exposed to lower asset deterioration risk, proxied by large non-performing loans and loan charge-offs during the financial crisis period 2007-2009. Collectively, our results indicate that the banks’ funding strategy that relies more on retail deposits as opposed to wholesale funds increases banks’ earnings quality.