Procyclicality of U.S. Bank Leverage

In light of the current debate about the link between accounting and financial stability, we investigate the determinants of procyclical book leverage for U.S. commercial and savings banks. We find that total asset growth and GDP growth are both positively related to book leverage growth. Our eviden...

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Veröffentlicht in:	Journal of accounting research 2017-05, Vol.55 (2), p.237-273
Hauptverfasser:	LAUX, CHRISTIAN, RAUTER, THOMAS
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting banks Commercial banks Cost accounting E32 Economic growth Fair value fair value accounting financial crisis Financial reporting G20 G28 G32 GDP Gross Domestic Product Leverage M41 procyclicality risk‐based capital regulation Savings banks Studies Trade United States
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