Organizado por: Círculo de Empresarios (Madrid)

Evento: Spain Investors Day

Evento: Jornada del Instituto de Fomento Empresarial sobre 'La participación del sector financiero en el inmobiliario'

The paper sets an accounting and behavioral framework from which we derive a reduced-form equation to test income smoothing and capital management practices through loan loss provisions (PLL) by Spanish banks. Spain offers a unique environment to perform those tests because there are very...