Opaque bank asset values boost market equity by 7.8% during financial crises.
The article discusses two problems in finance and investing. In the first problem, the researchers create a model to help banks make better decisions about dividends and finances. They find that unclear accounting values can hide risks and affect bank values. In the second problem, the researchers study how people choose investments and retirement options. They discover that people may retire earlier in uncertain times and invest less in stocks.