Hansen, Smilla; Charifzadeh, Michel; Herberger, Tim A. - In: Journal of Corporate Accounting & Finance 35 (2023) 2, pp. 37-49
Through their procyclical behavior, loan loss provisions have been determined as one of the factors that contribute to financial instability during a crisis. IFRS 9 was introduced in 2018 with an expected credit loss model replacing the incurred loss model of IAS 39 to mitigate the effect in the...