SUERF Policy Brief

Occasional Paper Series Earnings manipulation and probability of default: insights from AnaCredit and supervisory implications

The Impact of Monetary Policy Shocks on Stock Price Crash Risk

This study examines the impact of monetary policy shocks (MPS) on future stock price crash risk (SPCR), using a sample of US firms from 1995 to 2019. We find that expansionary MPS significantly reduce the likelihood of SPCR, while contractionary MPS show no statistically significant effect on SPCR. These results rema...

Does lower financial stability influence the banks’ earnings management? The role of enforcement

We investigate the relationship between financial stability and bank earnings management (EM), moderated by enforcement quality. We use a sample of 828 listed commercial banks across 72 countries from 2000 to 2023 and employ linear regression with a high-dimensional fixed-effects estimator in our analysis. We find a po...

The IFRS convergence influence on financial risk and accounting fraudulent: Evidence from Thailand and Implications for Viet Nam

This paper focuses on whether adopting International Financial Reporting Standards (IFRS) reduces financial risk and accounting fraud. Using 9,194 firm-year observations from Thai-listed non-financial firms between 2011 and 2022, we apply the Beneish M-Score and Altman Z-Score models to detect earnings manipulation and...

SUERF Policy Brief

Discussion Papers In Economics And Business