The quality of liquidity risk disclosure by European banks (A&C)

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dc.contributor.advisorZubair, S.M.
dc.contributor.authorMaas, Joris
dc.date.issued2016-12-19
dc.description.abstractThe recent financial crisis resulted in attention to the risk that banks take, and the disclosure of those risks. Specifically the importance of liquidity risk to the proper functioning of the banking sector became evident. Changes in the liquidity and funding of a banks, directly impacts future financial stability and economic growth, and therefore the disclosure of liquidity risk is important for the decision making of several stakeholders such as investors and regulators. This research investigates the disclosure of liquidity risk of 30 European banks within 6 countries, and looks at how liquidity risk disclosure can be measured and how it can be explained. To measure the disclosure of liquidity risk, this research constructed a framework based on the qualitative characteristics of the IASB (2010) and operationalized the framework. To investigate the factors that explain the disclosure of liquidity risk by banks, several internal and external factors are investigated and hypotheses are formed. The incentives for risk disclosure are discussed and the quantity of risk disclosure, the institutional and regulatory environment, corporate governance, bank reputation, bank size and risk of a bank are given as possible determinant of liquidity risk disclosure. By using the framework constructed in this paper, content analysis enabled the researcher to measure the liquidity risk disclosure quality of the 30 European banks. These risk disclosure quality scores are used to investigate the relation between quality and the internal and external factors. This investigation resulted in several findings. A significant positive relation between the quality and quantity of liquidity risk disclosure is found, and a relation between the size of a bank and the disclosure quality of liquidity risk is found. Also it isen_US
dc.identifier.urihttp://hdl.handle.net/123456789/3576
dc.language.isoenen_US
dc.thesis.facultyFaculteit der Managementwetenschappenen_US
dc.thesis.specialisationAccounting & Controlen_US
dc.thesis.studyprogrammeMaster Economicsen_US
dc.thesis.typeMasteren_US
dc.titleThe quality of liquidity risk disclosure by European banks (A&C)en_US
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