---
res:
  bibo_abstract:
  - We investigate banks' risk-taking and deposit flows around first-time going concern
    opinions (GCOs). While GCOs may strengthen market monitoring, they are also often
    suspected of destabilizing banks by triggering depositor runs. Our evidence is
    difficult to reconcile with that concern. Uninsured deposits begin to decline
    several quarters before the GCO, while insured deposits increase over the same
    period, leaving total deposits broadly stable around the opinion. This pattern
    suggests that more sophisticated depositors respond to timelier information than
    the annual audit report and shift from uninsured to insured funding before the
    GCO becomes public, whereas insured retail depositors do not exhibit large-scale
    withdrawals around the GCO. We also document that bank risk measures rise in the
    quarters leading up to the GCO and then stabilize and subsequently decline after
    the opinion. In addition, severe enforcement actions become more likely in the
    post-GCO period. Taken together, these patterns are consistent with an indirect
    supervisory channel that may help interpret the post-GCO change in risk-taking.
    Overall, our findings suggest that concerns about GCOs precipitating depositor
    runs may be overstated in the banking setting and that systematic auditor forbearance
    is not clearly justified on financial stability grounds.@eng
  bibo_authorlist:
  - foaf_Person:
      foaf_givenName: Jan
      foaf_name: Riepe, Jan
      foaf_surname: Riepe
      foaf_workInfoHomepage: http://www.librecat.org/personId=86351
    orcid: 0000-0002-1413-4953
  - foaf_Person:
      foaf_givenName: Ulf
      foaf_name: Mohrmann, Ulf
      foaf_surname: Mohrmann
  bibo_doi: https://dx.doi.org/10.2139/ssrn.6334698
  dct_date: 2026^xs_gYear
  dct_language: eng
  dct_subject:
  - banks
  - going concern opinions
  - market discipline
  - risk-taking
  - enforcement actions
  dct_title: Banks' Risk-Taking and Deposits Around Going Concern Opinions@
...