Sub-optimality of income statement-based methods for measuring operational risk under basel II: Empirical evidence from Spanish banks

Financial Markets, Institutions and Instruments

Volumn 16, Issue 4, 2007, Pages 201-220

  Bonsón, Enrique ^a,b,c   Escobar, Tomás ^a,b,d   Flores, Francisco ^a,b,e  

^a UNIVERSITY OF HUELVA   (Spain)

^b Department of Financial Accounting and Information Systems ^*  (Switzerland)

^c Research Group of New Technologies in Accounting and Business Administration   (Spain)

^d Taxonomies Groups   (Spain)

^e Department of Management Accounting and Information Systems ^*

Author keywords

[No Author keywords available]

Indexed keywords

EID: 35348922968     PISSN: 09638008     EISSN: 14680416     Source Type: Journal    
DOI: 10.1111/j.1468-0416.2007.00124.x     Document Type: Review

References (26)

1. Adams, C. A., Y. W. Hill, and C. B. Roberts. 1998 Corporate Social Reporting Practices in Western Europe: Legitimating Corporate Behaviour British Accounting Review 30:1 21.
2. Alexander, K. 2003 Reforming the Basel Accord Journal of International Banking Regulation (June 298 300.
3. Allen, L. 2004 The Basel Capital Accords and International Mortgage Markets: A Survey of the Literature Financial Markets, Institutions & Instruments 13:2:41 108.
4. Amir, E. 1996 The effect of accounting aggregation on the value-relevance of financial disclosures: The Case of SFAS No. 106 The Accounting Review 71:4:573 590.
5. Aparicio, J. and E. Keskiner. 2004 A Review of Operational Risk Quantitative Methodologies Within the Basel-II Framework Unpublished paper, Accenture Technology Labs.
6. Asociación Española DeBanca. Spanish Bankers Association Accessed in Spring 2006). http://www.aebanca.es/
7. Chapelle, A., Y. Crama, G. Hübner and J. P. Peters. 2004 Basel II and Operational Risk: Implications for risk measurement and management in the financial sector Unpublished Paper, National Bank Of Belgium
8. Confederación Española De Cajas De Ahorro. Spanish Saving Banks Federation Accessed in Spring 2006). http://www.ceca.es/CECACORPORATIVO/ es/caja_c.html
9. Basel Committee. 2005 International Convergence of Capital Measurement and Capital Standards: A Revised Framework. Accessed in Spring 2006). http://www.bis.org/publ/bcbs118.htm
10. Basel Committee. 2003 Review of the Capital Requirements for Credit Institutions and Investment Firms. Third Quantitative Impact Study: EU Results and G. Foster. 2005 Management Accounting Systems Adoption Decisions: Evidence and Performance Implications from Early-Stage/Startup Companies. The Accounting Review 80:4:1039 1369.
11. Fontnouvelle, P., V. Dejesus-Rueff, J. Jordan and E. Rosengren. 2003 Using Loss Data to Quantify Operational Risk Federal Reserve (April 1 32.
12. Giner, B. 1997 The influence of company characteristics and accounting regulation on information disclosed by Spanish firms The European Accounting Review 6:1:45 68.
13. Hiwatashi, J. and H. Ashida. 2002 Advancing Operational Risk Management Using Japanese Banking Experiences. Federal Reserve Bank of Chicago.
14. Heibatollah, S. and Z. Haiyan. 2004 A comparison of value relevance of accounting information in different segments of the Chinese stock market The International Journal of Accounting 39:4:403 427.
15. Hirst, D. E., P. E. Hopkins and J. M. Wahlen. 2004 Fair Values, Income Measurement, and Bank Analysts' Risk and Valuation Judgments The Accounting Review. 79:2:453 472.
16. Horngren, C. T. 1995 Management accounting: this century and beyond Management Accounting Research 6:3:281 286.
17. Kang, T. 2003 The association between legal regime and the value-relevance of accounting information: A Japan-U.K. comparison Journal of International Accounting, Auditing and Taxation. 12:2:121 130.
18. Lastra, B. M. 2004 Risk-based capital requirements and their impact upon the banking industry Journal of Financial Regulation and Compliance 12:3:225 239.
19. Mande, V. and R. Ortman. 2001 Are recent segment disclosures of Japanese firms useful? Views of Japanese financial analysts The International Journal of Accounting 37:1:27 46.
20. Milligan, J. 2004 Who will choose Basel II ABA Banking Journal 96:11:61 66.
21. Morrison, A. D. 2005 Sarbanes-Oxley, Corporate Governance, and Operational Risk Pp. 247 275 in Operational Risk: Practical Approaches to Implementation, ed. E. Davis. London:Risk Books.
22. Rowe, D., D. Jovic and R. Reeves. 2004 Bank Capital Management in the Light of Basel II Journal of Performance Management 17:1:15 25.
23. Saindenberg, M., and T. Schuermann. 2003 The New Basel Capital Accord and Questions for Research Unpublished paper, The Wharton Financial Institutions Center.
24. Wilson, I. 2004 Implementing Basel II: A case study based on the Barclays Basel II preparations Journal of Finance Regulation and Compliance 12:4:297 305.
25. Wooldrigde, J. M. 2000. Introductory Econometrics. A Modern Approach. South-Western College Publishing.
26. Stoxx Limited. 2006. EuroStoxx 50 Accessed in Spring 2006). http://www.stoxx.com/index.html