National Supervision And Income Smoothing In Banks Annual Reports
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National Supervision And Income Smoothing In Banks Annual Reports
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Author : Costanza Di Fabio
language : en
Publisher:
Release Date : 2021
National Supervision And Income Smoothing In Banks Annual Reports written by Costanza Di Fabio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
This book deals with the debated relationship between the characteristics of national supervision and manipulative practices in banks' annual reports, with a specific focus on income smoothing. The issue is quite challenging as, since the 2008 financial crisis, governmental bodies and regulators have stressed the crucial role of supervision for bank transparency purposes, but the effect of supervision on accounting manipulation is still discussed. Focusing on European banks, the book investigates whether the characteristics of national supervision affect bank propensity to smooth income, also considering the potential role of bank business models. By exploring a broad range of national supervision's characteristics, the book presents a comprehensive view on the influence of country-level institutional settings on a form of earnings management widely used across the banking industry.
National Supervision And Income Smoothing In Banks Annual Reports
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Author : Costanza Di Fabio
language : en
Publisher: Springer Nature
Release Date : 2021-05-17
National Supervision And Income Smoothing In Banks Annual Reports written by Costanza Di Fabio and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-17 with Business & Economics categories.
This book deals with the debated relationship between the characteristics of national supervision and manipulative practices in banks’ annual reports, with a specific focus on income smoothing. The issue is quite challenging as, since the 2008 financial crisis, governmental bodies and regulators have stressed the crucial role of supervision for bank transparency purposes, but the effect of supervision on accounting manipulation is still discussed. Focusing on European banks, the book investigates whether the characteristics of national supervision affect bank propensity to smooth income, also considering the potential role of bank business models. By exploring a broad range of national supervision’s characteristics, the book presents a comprehensive view on the influence of country-level institutional settings on a form of earnings management widely used across the banking industry.
Banks Income Smoothing Via Loan Loss Provisions
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Author : Costanza Di Fabio
language : en
Publisher:
Release Date : 2018
Banks Income Smoothing Via Loan Loss Provisions written by Costanza Di Fabio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This paper explores the impact of institutional factors on earnings management by investigating whether and to what extent the features of the national supervisory system affect banks' income smoothing through loan loss provisions (LLP). To address this issue, we consider the supervisory authority characteristics (strictness and effectiveness) and the role of market and external auditors based on the idea that they provide banks with different incentives to smooth earnings. Focusing on the European context, we find that income smoothing is higher in strict regimes, in line with the penalty hypothesis. However, under strict supervisors, evidence shows that private monitoring and the supervisory effectiveness in enforcing regulation reduce smoothing. By contrast, an active auditors' involvement in supervisory activities increases income smoothing, suggesting a considerable relevance of auditors' reputational concerns. Our findings show that supervisory power can produce an undesirable impact on accounting transparency when not combined with other monitoring levers.
Annual Report Under The Banking Act For
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Author : Bank of England
language : en
Publisher:
Release Date : 1996
Annual Report Under The Banking Act For written by Bank of England and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Banking law categories.
Prudential Supervisors Independence And Income Smoothing In European Banks
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Author : Beatriz Garcia Osma
language : en
Publisher:
Release Date : 2019
Prudential Supervisors Independence And Income Smoothing In European Banks written by Beatriz Garcia Osma and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
We investigate the role of prudential supervisors' independence in affecting income smoothing behavior in European banks. Powerful national supervisors are predicted to influence the accounting practices of their supervised entities, shaping the properties of the accounting numbers they prepare. In particular, we study whether greater independence of powerful supervisors from the government and from the industry is associated with lower income smoothing. We use the mandatory adoption of a single set of accounting standards in Europe as a shock to the influence of prudential supervisors over national banks' accounting practice. Our results confirm that political and industry independence of the supervisor are important determinants of income smoothing. This suggests that independence of prudential supervisors is a desirable governance characteristic, with positive impacts on financial transparency.
Banking Supervision Annual Report
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Author : Bank of Botswana
language : en
Publisher:
Release Date : 2002
Banking Supervision Annual Report written by Bank of Botswana and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Banks and banking categories.
Bank Income Smoothing Ownership Concentration And The Regulatory Environment
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Author : Vincent Bouvatier
language : en
Publisher:
Release Date : 2015
Bank Income Smoothing Ownership Concentration And The Regulatory Environment written by Vincent Bouvatier and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
We empirically examine whether the way a bank might use loan loss provisions to smooth its income is influenced by its ownership concentration and the regulatory environment. Using a panel of European commercial banks, we find evidence that banks with more concentrated ownership use discretionary loan loss provisions to smooth their income. This behavior is less pronounced in countries with stronger supervisory regimes or higher external audit quality. Banks with low levels of ownership concentration do not display such discretionary income smoothing behavior. This suggests the need to improve existing or implement new corporate governance mechanisms.
The New Basel Capital Accord
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Author : Benton E. Gup
language : en
Publisher: Cengage Learning
Release Date : 2004
The New Basel Capital Accord written by Benton E. Gup and has been published by Cengage Learning this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
Jonathan Edwards was a preacher, pastor, revivalist, and theologian. This volume unpacks his magnificent theological vision, which starts with God’s glory and ends with all creation returning to that glory. Sean Michael Lucas has converted his years of teaching on Edwards into this valuable work, which places Edwards’s vision in an accessible, two-part framework. Part one focuses on Edwards’s understanding of redemption history-God’s cosmic, grand work from eternity past to eternity future, where all things are united in Christ. Part two examines Edwards’s perspective on “redemption applied”-how that gracious, divine work unfolds in space and time to personally transform individuals, stirring their affections, illuminating their minds, and moving their wills to form new habits and practices. This overview of Edwards’s theology will prove to be a thought-provoking, encouraging guide to contemporary believers at every stage of their spiritual journey.
Bank Risk Governance And Regulation
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Author : Elena Beccalli
language : en
Publisher: Springer
Release Date : 2015-08-18
Bank Risk Governance And Regulation written by Elena Beccalli and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-18 with Business & Economics categories.
This book presents research from leading researchers in the European banking field to explore three key areas of banking. In Bank Risk, Governance and Regulation, the authors conduct micro- and macro- level analysis of banking risks and their determinants. They explore areas such as credit quality, bank provisioning, deposit guarantee schemes, corporate governance and cost of capital. The book then goes on to analyse different aspects of the relationship between bank risk management, governance and performance. Lastly the book explores the regulation of systemic risks posed by banks, and examines the effects of novel regulatory sets on bank conduct and profitability. The research in this book focuses on aspects of the European banking system; however it also offers wider insight into the global banking space and offers comparisons to international banking systems. The study provides in-depth insight into many areas of bank risk, governance and regulation, before finally addressing the question: which banking strategies are actually feasible?
Accounting Discretion Of Banks During A Financial Crisis
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Author : Mr.Luc Laeven
language : en
Publisher: International Monetary Fund
Release Date : 2009-09-01
Accounting Discretion Of Banks During A Financial Crisis written by Mr.Luc Laeven and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-01 with Business & Economics categories.
This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to mortgage-backed securities also react favorably to recent changes in accounting rules that relax fair-value accounting, and these banks provision less for bad loans. Furthermore, distressed banks use discretion in the classification of mortgage-backed securities to inflate their books. Our results indicate that banks' balance sheets offer a distorted view of the financial health of the banks.