This paper examines the association between institutional ownership and income smoothing through bank loan loss provisions for a sample of Japanese banks during the period 1991–1999. We find that as the percentage of institutional ownership of banks increases, income smoothing via loan loss...

The global financial crisis in 2008 increased the number of business failures in the U.S. as well as in China. The Chinese economy has also been affected by the recent global financial crisis given the fact that the Chinese economy depends heavily on international trade. Our study tries to find...

This paper investigates Japanese bank managers' use of the discretionary component of loan loss provisions to manage earnings during the recession of the late 1990s. Although studies of US banks document that bank managers use loan loss provisions to smooth earnings, manage regulatory capital,...

This paper examines the effects of underwriting relationships on analyst herding behavior. The results suggest that analysts employed by the lead-underwriter banks of seasoned equity offerings are more likely to provide bold forecasts than unaffiliated analysts, indicating that institutional...

This study examines firms' strategic management disclosure policy before debt offerings. We extend prior studies by performing multiple regression analyses for both the level of and the change in management disclosure prior to debt offerings using a much more comprehensive set of sample firms....

Examines differences and determinants of errors in economic forecasting for foreign companies. Magnitude of forecast errors across 15 countries; Comparison of errors cross-sectionally and across time; Influence of firm size, forecast dispersion, industry and time period; Implications to financial...

This paper investigates whether the conservatism in financial reporting is driven by taxation. Although conservatism has been examined from the perspectives of contracting, shareholder litigation, and accounting regulation, few studies have examined the relation between taxation and accounting...