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dc.contributor.authorAlexandre, Hervé
dc.contributor.authorClavier, Julien
dc.date.accessioned2016-07-21T10:35:27Z
dc.date.available2016-07-21T10:35:27Z
dc.date.issued2017
dc.identifier.issn1062-9769
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/15682
dc.language.isoenen
dc.subjectbanks
dc.subjectIAS/IFRS
dc.subjectliquidity
dc.subjectcredit rationing
dc.subjectG21
dc.subjectM41
dc.subject.ddc332en
dc.subject.classificationjelG.G2.G21en
dc.subject.classificationjelM.M4.M41en
dc.titleAdoption of IAS/IFRS, liquidity constraints, and credit rationing: the case of the European banking industry
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenWith imperfections, theory suggests that banks dependent on external resources have greater difficulty refinancing their lending than banks with a lot of internal resources. Hence, there is an increased risk of credit rationing to these institutions. In this context, this empirical study tests the hypothesis that the adoption of the IAS/IFRS, deemed as of superior quality for economic decision-making, results in an increase in the amount of credit offered by banks with liquidity constraints. For a sample of European banks over the period of 2003 to 2008, we find that results are only partly consistent with this hypothesis. The results depend on the measure of the constraint, the bank size, and the enforcement regime. Our results show that the adoption (both voluntary and mandatory) of the IAS/IFRS lead to an increase in the credit supply only for small and constrained banks. These results are important with respect to the goal of banking stability and with the scarcity of credit observed in Europe since the financial crisis.
dc.relation.isversionofjnlnameQuarterly Review of Economics and Finance
dc.relation.isversionofjnlvol63
dc.relation.isversionofjnldate2017
dc.relation.isversionofjnlpages249-258
dc.relation.isversionofdoi10.1016/j.qref.2016.05.001
dc.subject.ddclabelEconomie financièreen
dc.relation.forthcomingouien
dc.relation.forthcomingprintouien
dc.description.ssrncandidatenon
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewednon
dc.date.updated2017-04-19T14:09:28Z
hal.person.labIds1032
hal.person.labIds784


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