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Accounting Window Dressing and Template Regulation: A Case Study of the Australian Credit Union Industry

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  • David Hillier
  • Allan Hodgson
  • Peta Stevenson-Clarke
  • Suntharee Lhaopadchan

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  • David Hillier & Allan Hodgson & Peta Stevenson-Clarke & Suntharee Lhaopadchan, 2008. "Accounting Window Dressing and Template Regulation: A Case Study of the Australian Credit Union Industry," Journal of Business Ethics, Springer, vol. 83(3), pages 579-593, December.
    • Handle: RePEc:kap:jbuset:v:83:y:2008:i:3:p:579-593
    DOI: 10.1007/s10551-007-9640-9
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    References listed on IDEAS

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    1. Smith, Donald J, 1988. "Credit Union Rate and Earnings Retention Decisions Under Uncertainty and Taxation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(1), pages 119-131, February.
    2. Steven Kaplan & James McElroy & Susan Ravenscroft & Charles Shrader, 2007. "Moral Judgment and Causal Attributions: Consequences of Engaging in Earnings Management," Journal of Business Ethics, Springer, vol. 74(2), pages 149-164, August.
    3. Catherine Gowthorpe & Oriol Amat, 2004. "Creative accounting: Some ethical issues of macro- and micro-manipulation," Economics Working Papers 748, Department of Economics and Business, Universitat Pompeu Fabra.
    4. Neil Esho, 2000. "Scale Economies in Credit Unions: Accounting for Subsidies Is Important," Journal of Financial Services Research, Springer;Western Finance Association, vol. 18(1), pages 29-43, October.
    5. Dahl, Drew & Spivey, Michael F., 1995. "Prompt corrective action and bank efforts to recover from undercapitalization," Journal of Banking & Finance, Elsevier, vol. 19(2), pages 225-243, May.
    6. Brenton Goldsworthy & Carlos Schulz & Geoffrey Shuetrim, 1999. "Capital Management Of Deposit Takers: The Impact Of Prudential Requirements," Economic Papers, The Economic Society of Australia, vol. 18(4), pages 41-53, December.
    7. Fudenberg, Drew & Tirole, Jean, 1995. "A Theory of Income and Dividend Smoothing Based on Incumbency Rents," Journal of Political Economy, University of Chicago Press, vol. 103(1), pages 75-93, February.
    8. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    9. W Scott Frame & Gordon V Karels & Christine A McClatchey, 2003. "Do credit unions use their tax advantage to benefit members? Evidence from a cost function," Review of Financial Economics, John Wiley & Sons, vol. 12(1), pages 35-47.
    10. Kanagaretnam, Kiridaran & Lobo, Gerald J & Mathieu, Robert, 2003. "Managerial Incentives for Income Smoothing through Bank Loan Loss Provisions," Review of Quantitative Finance and Accounting, Springer, vol. 20(1), pages 63-80, January.
    11. Kevin Davis, 2001. "Credit Union Governance and Survival of the Cooperative Form," Journal of Financial Services Research, Springer;Western Finance Association, vol. 19(2), pages 197-210, April.
    12. W. Scott Frame & Gordon V. Karels & Christine McClatchey, 2002. "The Effect of the Common Bond and Membership Expansion on Credit Union Risk," The Financial Review, Eastern Finance Association, vol. 37(4), pages 613-636, November.
    13. Fried, Harold O. & Knox Lovell, C. A. & Eeckaut, Philippe Vanden, 1993. "Evaluating the performance of US credit unions," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 251-265, April.
    14. H. Short & K. Keasey & A. Hull & M. Wright, 1998. "Corporate Governance, Accountability and Enterprise," Corporate Governance: An International Review, Wiley Blackwell, vol. 6(3), pages 151-165, July.
    15. Smith, Donald J & Cargill, Thomas F & Meyer, Robert A, 1981. "An Economic Theory of a Credit Union," Journal of Finance, American Finance Association, vol. 36(2), pages 519-528, May.
    16. Wolken, John D & Navratil, Frank J, 1981. "The Economic Impact of the Federal Credit Union Usury Ceiling," Journal of Finance, American Finance Association, vol. 36(5), pages 1157-1168, December.
    17. Brewer, Elijah III & Jackson, William III & Mondschean, Thomas S., 1996. "Risk, regulation, and S & L diversification into nontraditional assets," Journal of Banking & Finance, Elsevier, vol. 20(4), pages 723-744, May.
    18. Beatty, A & Chamberlain, Sl & Magliolo, J, 1995. "Managing Financial Reports Of Commercial-Banks - The Influence Of Taxes, Regulatory Capital, And Earnings," Journal of Accounting Research, Wiley Blackwell, vol. 33(2), pages 231-261.
    19. Gary Entwistle & Glenn Feltham & Chima Mbagwu, 2006. "Misleading Disclosure of Pro Forma Earnings: An Empirical Examination," Journal of Business Ethics, Springer, vol. 69(4), pages 355-372, December.
    20. Colgate, Mark & Lang, Bodo, 2005. "Positive and negative consequences of a relationship manager strategy: New Zealand banks and their small business customers," Journal of Business Research, Elsevier, vol. 58(2), pages 195-204, February.
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    Citations

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    Cited by:

    1. Ghribi Rihab & Anis Jarboui, 2016. "Impact of accounting and financial manipulations around mergers and acquisitions on shareholders' perception," Post-Print hal-01371223, HAL.
    2. Hessou, Helyoth & Lai, Van Son, 2018. "Basel III capital buffers and Canadian credit unions lending: Impact of the credit cycle and the business cycle," International Review of Financial Analysis, Elsevier, vol. 57(C), pages 23-39.
    3. Gong, Di & Huizinga, Harry & Li, Tianshi & Zhu, Jigao, 2023. "Goodhart’s law in China: Bank branching regulation and window dressing," Journal of Empirical Finance, Elsevier, vol. 74(C).
    4. Anne Marie Ward & John Forker, 2017. "Financial Management Effectiveness and Board Gender Diversity in Member-Governed, Community Financial Institutions," Journal of Business Ethics, Springer, vol. 141(2), pages 351-366, March.
    5. Hessou, Helyoth & Lai, Van Son, 2017. "Basel III capital buffer requirements and credit union prudential regulation: Canadian evidence," Journal of Financial Stability, Elsevier, vol. 30(C), pages 92-110.
    6. McKillop, Donal & French, Declan & Quinn, Barry & Sobiech, Anna L. & Wilson, John O.S., 2020. "Cooperative financial institutions: A review of the literature," International Review of Financial Analysis, Elsevier, vol. 71(C).
    7. Saulo Cardoso Maia & Valéria Gama Fully Bressan & Wagner Moura Lamounier & Marcelo José Braga, 2013. "Earnings management in Brazilian credit unions," Brazilian Business Review, Fucape Business School, vol. 10(4), pages 91-109, October.
    8. Donal McKillop & John O.S. Wilson, 2011. "Credit Unions: A Theoretical and Empirical Overview," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 20(3), pages 79-123, August.
    9. Forker, John & Ward, Anne Marie, 2012. "Prudence and financial self-regulation in credit unions in Northern Ireland," The British Accounting Review, Elsevier, vol. 44(4), pages 221-234.
    10. Naaman, Christine & Magnan, Michel & Hammami, Ahmad & Yao, Li, 2021. "Credit unions vs. commercial banks, who takes more risk?," Research in International Business and Finance, Elsevier, vol. 55(C).
    11. Christina Atanasova & Mingxin Li & Yevgeny Mugerman & Mehrdad Rastan, 2019. "Government guarantees and the risk-taking of financial institutions: evidence from a regulatory experiment," Journal of Asset Management, Palgrave Macmillan, vol. 20(6), pages 476-492, October.

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    More about this item

    Keywords

    cooperative stakeholder governance; capital adequacy regulation; accounting window dressing; G21; M40;
    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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