This paper examines the asset pricing implication of loan loss provisions (LLP). LLP is a bank's dominant accrual and a … is prevalent after controlling for size and bank capital. Further analyses suggest the effect of LLP arises because …

bank managers and investors and enhancing the informational value of discretionary loan loss provision …We examine how auditor reputation conditions the market valuation of banks' loan loss provision (LLP). The inherent …

This paper attempts to investigate the impact of credit information sharing on bank-specific stock price crash risk …

cumulative abnormal returns (|CAR|) of stress-tested bank holding companies averages almost 3 percent. Cumulative abnormal …

informativeness of bank loss reserves is preserved …We provide evidence that discretionary loan loss provisions (DLLP) convey value-relevant information to the market that …

Accounting for credit losses under U.S. GAAP will soon transition from an incurred to an expected loss model. The new … expected loss model was motivated by concerns that reporting only incurred losses does not provide investors with sufficient … those that will be required under the new expected loss model. Using this measure, I find that unrecognized expected credit …

Accounting for credit losses under U.S. GAAP is transitioning from an incurred to an expected loss model. The model … to examine whether stock prices reflect information about unrecognized expected credit losses in an incurred loss regime … statements, I find that unrecognized expected credit losses are negatively associated with bank stock prices. The pricing of …

a decrease in bank equity risk. We show theoretically, that keeping less capital in excess of the minimum capital … capitalization is a significant determinant of equity risk, and can explain why bank equity risk has not become lower after the Great …, reduced the cost of bank debt …