@article{57926,
  abstract     = {{<jats:p> We examine how information processing costs affect the extent to which depositors’ use the details in banks’ income statements. Depositors have a unique cost-benefit structure because they are nonprofessional users of financial information and have high information processing costs. At the same time, they benefit from acting quickly because failing banks make payments on a first-come, first-serve basis. This makes it likely that they will react to a prominent summary measure like the reported net income without adjusting for any risk-irrelevant information included in the line items. In our empirical analysis, we investigate depositors’ behavior as driven by the mechanical revaluations of deferred tax assets due to the 2017 Tax Cuts and Jobs Act. Using a difference-in-difference design, we find deposit withdrawals because of this risk-irrelevant information. In cross-sectional tests, we show that the withdrawals are stronger if the information acquisition costs are low, and the information integration costs are high. Overall, our results show that information processing costs are important for understanding depositors’ reactions to accounting information and can lead to deposit flows that cannot be explained by new risk-relevant information. </jats:p><jats:p> This paper was accepted by Brian Bushee, accounting. </jats:p><jats:p> Funding: We kindly acknowledge funding by the Werner Diez Foundation [Grant 2024.1] to make this work available under a Creative Commons license. </jats:p><jats:p> Supplemental Material: The online appendix and data files are available at https://doi.org/10.1287/mnsc.2022.03176 . </jats:p>}},
  author       = {{Mohrmann, Ulf and Riepe, Jan}},
  issn         = {{0025-1909}},
  journal      = {{Management Science}},
  publisher    = {{Institute for Operations Research and the Management Sciences (INFORMS)}},
  title        = {{{Deferred Tax Asset Revaluations, Costly Information Processing, and Bank Deposits: Evidence from the Tax Cuts and Jobs Act}}},
  doi          = {{10.1287/mnsc.2022.03176}},
  year         = {{2024}},
}

@article{57929,
  author       = {{Bischof, Jannis and Foos, Daniel and Riepe, Jan}},
  issn         = {{0963-8180}},
  journal      = {{European Accounting Review}},
  pages        = {{1--31}},
  publisher    = {{Informa UK Limited}},
  title        = {{{Does Greater Transparency Discipline the Loan Loss Provisioning of Privately Held Banks?}}},
  doi          = {{10.1080/09638180.2023.2277327}},
  year         = {{2023}},
}

@article{57930,
  abstract     = {{<jats:title>Abstract</jats:title><jats:p>Motivated by diverging results from the literature, we investigate whether investments in information technology (IT) help banks to assess their loan portfolio. More specifically, we focus on the consequences of accumulated expenses for data processing on banks’ ability to estimate their loan loss accruals. We further test for differences when the banks’ borrowers get hit by the economic trouble from the COVID-19 pandemic. Using a sample of US commercial banks before and during the COVID-19 pandemic, we find more precise estimates of loan loss accruals during these troublesome times in banks that accumulated higher data processing expenses. Surprisingly, we do not find significant differences in the precision of loan loss accruals by banks’ IT investments during normal times. Our findings contribute to consolidate previously diverging results by showing that IT investments help banks following a structural break, such as the COVID-19 pandemic.
</jats:p>}},
  author       = {{Sefried, Moritz and Riepe, Jan}},
  issn         = {{0044-2372}},
  journal      = {{Journal of Business Economics}},
  number       = {{1-2}},
  pages        = {{149--171}},
  publisher    = {{Springer Science and Business Media LLC}},
  title        = {{{The benefits of banks’ IT investments in times of trouble: evidence from loan loss accruals during the COVID-19 pandemic}}},
  doi          = {{10.1007/s11573-022-01100-0}},
  volume       = {{93}},
  year         = {{2022}},
}

@article{57932,
  author       = {{Veer, Theresa and Yang, Philip and Riepe, Jan}},
  issn         = {{0883-9026}},
  journal      = {{Journal of Business Venturing}},
  number       = {{3}},
  publisher    = {{Elsevier BV}},
  title        = {{{Ventures' conscious knowledge transfer to close partners, and beyond: A framework of performance, complementarity, knowledge disclosure, and knowledge broadcasting}}},
  doi          = {{10.1016/j.jbusvent.2022.106191}},
  volume       = {{37}},
  year         = {{2022}},
}

@article{57935,
  abstract     = {{<jats:title>Abstract</jats:title><jats:p>This paper examines how legally restricted access to banking services affects small and medium-sized enterprises (SMEs) in a highly developed country. Using a mixed-method approach, we examine the unique situation of the US marijuana industry. The industry benefits from the superior institutional environment in terms of legal protection and the labor market of the United States. However, due to conflicting state and federal laws it has no legal access to banking. We find significant value effects around three major events that affected future access to banking. These results indicate that banking access remains desirable for the marijuana industry. A survey taken by marijuana SMEs provides insights into what banking services are considered most valuable. We find that marijuana SMEs have problems to obtain financing and handle their transactions largely in cash, resulting in transaction inefficiency and high security concerns. Thereby, we shed light on the value of banks for SMEs in developed countries. We complement the literature on financial transaction services by highlighting the value for SMEs in developed markets.</jats:p>}},
  author       = {{Merz, Markus and Riepe, Jan}},
  issn         = {{0044-2372}},
  journal      = {{Journal of Business Economics}},
  number       = {{6}},
  pages        = {{797--849}},
  publisher    = {{Springer Science and Business Media LLC}},
  title        = {{{SMEs with legally restricted banking access: evidence from the US marijuana industry}}},
  doi          = {{10.1007/s11573-020-01017-6}},
  volume       = {{91}},
  year         = {{2021}},
}

@article{57933,
  author       = {{Riepe, Jan and Rudeloff, Michelle and Veer, Theresa}},
  issn         = {{0047-2778}},
  journal      = {{Journal of Small Business Management}},
  number       = {{2}},
  pages        = {{289--308}},
  publisher    = {{Informa UK Limited}},
  title        = {{{Financial literacy and entrepreneurial risk aversion}}},
  doi          = {{10.1080/00472778.2019.1709380}},
  volume       = {{60}},
  year         = {{2020}},
}

@book{57939,
  editor       = {{Binder, Jens-Hinrich and Glos, Alexander and Riepe, Jan}},
  isbn         = {{9783814558400}},
  publisher    = {{RWS Verlag}},
  title        = {{{Handbuch Bankenaufsichtsrecht}}},
  doi          = {{10.15375/9783814558400}},
  year         = {{2020}},
}

@article{57937,
  author       = {{Yang, Philip and Riepe, Jan and Moser, Katharina and Pull, Kerstin and Terjesen, Siri}},
  issn         = {{1048-9843}},
  journal      = {{The Leadership Quarterly}},
  number       = {{5}},
  publisher    = {{Elsevier BV}},
  title        = {{{Women directors, firm performance, and firm risk: A causal perspective}}},
  doi          = {{10.1016/j.leaqua.2019.05.004}},
  volume       = {{30}},
  year         = {{2019}},
}

@article{57936,
  author       = {{Riepe, Jan and Uhl, Kristina}},
  issn         = {{1544-6123}},
  journal      = {{Finance Research Letters}},
  publisher    = {{Elsevier BV}},
  title        = {{{Startups’ demand for non-financial resources: Descriptive evidence from an international corporate venture capitalist}}},
  doi          = {{10.1016/j.frl.2019.101321}},
  volume       = {{36}},
  year         = {{2019}},
}

@article{57940,
  abstract     = {{<jats:title>ABSTRACT</jats:title>
               <jats:p>Accountability is a key concern for international standard setters. If transnational actors set standards instead of national democratic authorities, then the standard setters might suffer from ‘apparent’ deficits in their democratic accountability and oversight. Consequently, most international standard setters rely on different processes to enhance their accountability and transparency to mitigate concerns about their own standards. Ensuring accountability is already a major challenge for a single or homogenous set of rules or standards. So how can a supranational body design legitimate rules that rest on the standards of another very different supranational standard setter? This study examines the accountability and transparency concerns from the interaction of supranational standard setters that have different objectives. Therefore, I investigate the processes of prudential regulation based on the capital adequacy standard of the Basel Committee on Banking Supervision that relies on the financial accounting standards set by the International Accounting Standards Board. The results show flaws with respect to accountability in the regulatory process that involves another standard setter and how the prudential regulator reacts to these flaws to ensure a higher degree of accountability in its banking regulation.</jats:p>}},
  author       = {{Riepe, Jan}},
  issn         = {{1369-3034}},
  journal      = {{Journal of International Economic Law}},
  number       = {{2}},
  pages        = {{261--283}},
  publisher    = {{Oxford University Press (OUP)}},
  title        = {{{Basel and the IASB: Accountability Interdependencies and Consequences for Prudential Regulation}}},
  doi          = {{10.1093/jiel/jgz012}},
  volume       = {{22}},
  year         = {{2019}},
}

@book{57938,
  author       = {{Binder, Jens-Hinrich and Glos, Alexander and Riepe, Jan}},
  isbn         = {{9783814554921}},
  publisher    = {{RWS-Verlag}},
  title        = {{{Handbuch Bankenaufsichtsrecht}}},
  doi          = {{10.15375/9783814557816}},
  year         = {{2018}},
}

@article{57941,
  author       = {{Mohrmann, Ulf and Riepe, Jan}},
  issn         = {{0924-865X}},
  journal      = {{Review of Quantitative Finance and Accounting}},
  number       = {{4}},
  pages        = {{1163--1189}},
  publisher    = {{Springer Science and Business Media LLC}},
  title        = {{{The link between the share of banks’ Level 3 assets and their default risk and default costs}}},
  doi          = {{10.1007/s11156-018-0740-7}},
  volume       = {{52}},
  year         = {{2018}},
}

@article{57943,
  abstract     = {{<jats:title>Abstract</jats:title>
               <jats:p> We propose the application of digit analysis using the Benford law to indicate managerial engagement in the capital allocation process. First, we motivate the potential of the Benford digit analysis to identify allocation outcomes that are shaped by human engagement instead of fixed decision rules. Second, we provide a case study to illustrate how the Benford digit analysis can be used to detect allocations affected by managerial interventions. We are unaware of any study applying the Benford test to internal capital markets, while this approach appears very useful in this context. It is commonly used in the auditing, financial accounting, and fraud detection literature.</jats:p>}},
  author       = {{El Mouaaouy, Florian and Riepe, Jan}},
  issn         = {{1468-0475}},
  journal      = {{German Economic Review}},
  number       = {{3}},
  pages        = {{309--329}},
  publisher    = {{Walter de Gruyter GmbH}},
  title        = {{{Benford and the Internal Capital Market: A Useful Indicator of Managerial Engagement}}},
  doi          = {{10.1111/geer.12129}},
  volume       = {{19}},
  year         = {{2017}},
}

@article{57944,
  author       = {{Glaser, Markus and Riepe, Jan}},
  issn         = {{1544-6123}},
  journal      = {{Finance Research Letters}},
  number       = {{1}},
  pages        = {{47--53}},
  publisher    = {{Elsevier BV}},
  title        = {{{Internal capital market studies in empirical banking: Biases due to usage of assets instead of risk capital?}}},
  doi          = {{10.1016/j.frl.2013.12.001}},
  volume       = {{11}},
  year         = {{2014}},
}