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Bank transparency and deposit flows

Author

Listed:
  • Chen, Qi
  • Goldstein, Itay
  • Huang, Zeqiong
  • Vashishtha, Rahul
Abstract
One of the most widely discussed issues in banking regulation and research is transparency. Yet, whether depositors – banks’ most important claimholders – are affected by transparency, is an empirical open question. Analyzing US commercial banks from 1994 to 2019, we show that uninsured deposit flows are more sensitive to information about bank performance when banks are more transparent. We also link transparency to deposit rates, banks’ investment funding patterns, and profitability. In addition, we find consistent evidence from a differences-in-difference analysis using the Sarbanes-Oxley Act of 2002 as a shock to transparency. Overall, our findings demonstrate that transparency is important in shaping depositors’ behavior and highlight its potential costs.

Suggested Citation

  • Chen, Qi & Goldstein, Itay & Huang, Zeqiong & Vashishtha, Rahul, 2022. "Bank transparency and deposit flows," Journal of Financial Economics, Elsevier, vol. 146(2), pages 475-501.
    • Handle: RePEc:eee:jfinec:v:146:y:2022:i:2:p:475-501
    DOI: 10.1016/j.jfineco.2022.07.009
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    Cited by:

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    3. Marco Maria Mattei & Petya Platikanova, 2023. "Enhancing bank transparency: Financial reporting quality, fraudulent peers and social capital," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(3), pages 3419-3454, September.
    4. Bonfim, Diana & Santos, João A.C., 2023. "The importance of deposit insurance credibility," Journal of Banking & Finance, Elsevier, vol. 154(C).
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    7. Tran, Dung Viet & Hussain, Nazim & Nguyen, Duc Khuong & Nguyen, Trung Duc, 2024. "How do depositors respond to banks' discretionary behaviors? Evidence from market discipline, deposit insurance, and scale effects," International Review of Financial Analysis, Elsevier, vol. 93(C).

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    More about this item

    Keywords

    Transparency; Banks; Money; Safe assets; Deposits; Liquidity transformation;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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