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Countercyclical Prudential Buffers and Bank Risk-taking
Illueca Muñoz, Manuel - 2020
We investigate the effects of countercyclical prudential buffers on bank risk-taking. We exploit the introduction of dynamic loan loss provisioning in Spain, mandating that banks use historical average loss rates in their estimation of loan loss provisions. We find that dynamic loan loss...
Persistent link: https://www.econbiz.de/10012857307
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Does IFRS 9 increase banks' resilience?
Kund, Arndt-Gerrit; Rugilo, Daniel - 2023
IFRS 9 substantially affects the financial sector by changing the impairment methodology for credit losses. This paper analyzes the implications of the change from IAS 39 to IFRS 9 in the context of bank resilience. We shed light on two effects. First, the "cliff-effect", which refers to sudden...
Persistent link: https://www.econbiz.de/10014230334
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Corporate failure and the business cycle : measuring systematic risk
Ogneva, Maria; Piotroski, Joseph D.; Zakolyukina, … - 2016
empirical analyses. We first apply the lasso method to select accounting fundamentals that can be combined into P(R|F) estimates …. We then use the obtained estimates in asset-pricing tests. This approach successfully extracts systematic risk … information from accounting data—we document a significant positive premium associated with P(R|F) estimates. The premium covaries …
Persistent link: https://www.econbiz.de/10011524470
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Loan loss provisioning and procyclicality : evidence from an expected loss model
Domikowsky, Christian; Bornemann, Sven; Düllmann, Klaus; … - 2014
Several studies have addressed, with conflicting results, the issue of procyclical effects of loan loss provisions in the past. More recently, the weak performance of incurred loss models in the financial crisis has given rise to a new debate on the sound design of credit risk provisioning...
Persistent link: https://www.econbiz.de/10010465580
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Business Cycle and Management Earnings Forecasts
Jiang, Haiyan - 2013
This study examines the effects of the economic cycle on the properties of management earnings forecasts. Using management forecast data from First Call and the NBER business cycle measure, we document that economic recession is positively associated with forecast frequency and forecast error...
Persistent link: https://www.econbiz.de/10013073585
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Bank Earnings Smoothing, Audit Quality and Procyclicality in Africa : The Case of Loan Loss Provisions
Ozili, Peterson K - 2017
improve the informativeness of loan loss provisions estimates among African banks. Three, the evidence for procyclical …
Persistent link: https://www.econbiz.de/10012960199
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Loan Loss Accounting and Procyclical Bank Lending : The Role of Direct Regulatory Actions
Wheeler, Barrett - 2019
I provide evidence that loan loss accounting affects procyclical lending through its impact on regulatory actions. Regulators are more likely to place banks with inadequate loan loss allowances under enforcement actions that restrict lending, leading these banks to lend less during downturns....
Persistent link: https://www.econbiz.de/10012903184
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Optimal vs Satisfactory Transparency : The Impact of Global Macroeconomic Fluctuations on Corporate Competitiveness
Oxelheim, Lars - 2018
Being able to separate temporary global macroeconomic influences – caused by fluctuations in exchange rates, interest rates and inflation – from intrinsic performance – related to a superior product, production process or management – is crucial to assessing the development of a firm's...
Persistent link: https://www.econbiz.de/10012906895
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Bank Income Smoothing in South Africa : Role of Ownership, IFRS and Economic Fluctuation
Ozili, Peterson K - 2019
We examine the determinants of the use of loan loss provisions to smooth income by banks in South Africa. More specifically, we examine the influence of ownership, IFRS disclosure rules and economic fluctuation on the income smoothing behaviour of South African banks while controlling for the...
Persistent link: https://www.econbiz.de/10012898274
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Deleveraging and Decline in Revenue-Expense Matching over Time
Hyun, Jeong-Hoon - 2018
Accounting rules mandate that the cost of debt should be recorded as an expense, while the cost of equity does not appear in the income statement. Therefore, the amount of financing expense, and thus net income, in the income statements depends on how firms finance their business. Based on a...
Persistent link: https://www.econbiz.de/10012935127