مفاهیم مقرارات بانکی و بحران مالی جهانی
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مفاهیم مقرارات بانکی و بحران مالی جهانی

عنوان فارسی مقاله: تأثیر الزام اجرای حسابداری بر کیفیت سود بانک ها: مفاهیم مقرارات بانکی و بحران مالی جهانی
عنوان انگلیسی مقاله: The influence of accounting enforcement on earnings quality of banks: Implications of bank regulation and the global financial crisis
مجله/کنفرانس: مجله حسابداری و سیاست عمومی - Journal of Accounting and Public Policy
رشته های تحصیلی مرتبط: مدیریت، اقتصاد، حسابداری
گرایش های تحصیلی مرتبط: مدیریت مالی، اقتصاد مالی، حسابداری مالی، بانکداری، مدیریت اجرایی، اقتصاد پولی
کلمات کلیدی فارسی: الزام اجرایی حسابداری، مقررات بانک، کیفیت سود، ذخیره زیان وام، مقیاس های سود، بحران مالی جهانی
کلمات کلیدی انگلیسی: Accounting enforcement، Bank regulation، Earnings quality، Loan loss provisions، Earnings benchmarks، Global financial crisis
نوع نگارش مقاله: مقاله پژوهشی (Research Article)
نمایه: Scopus - Master Journal List - JCR
شناسه دیجیتال (DOI): https://doi.org/10.1016/j.jaccpubpol.2018.09.003
دانشگاه: Erasmus School of Economics, Department of Business Economics, Burgemeester Oudlaan 50, P.O. Box 1738, 3000DR Rotterdam, Netherlands
ناشر: الزویر - Elsevier
نوع ارائه مقاله: ژورنال
نوع مقاله: ISI
سال انتشار مقاله: 2018
ایمپکت فاکتور: 2/093 در سال 2017
شاخص H_index: 58 در سال 2019
شاخص SJR: 0/910 در سال 2017
شناسه ISSN: 0278-4254
شاخص Quartile (چارک): Q1 در سال 2017
فرمت مقاله انگلیسی: PDF
تعداد صفحات مقاله انگلیسی: 18
وضعیت ترجمه: ترجمه نشده است
قیمت مقاله انگلیسی: رایگان
آیا این مقاله بیس است: بله
کد محصول: E11114
فهرست انگلیسی مطالب

Abstract


1- Introduction


2- Related literature and hypotheses


3- Methodology


4- Sample


5- Results


6- Conclusion


References

نمونه متن انگلیسی مقاله

Abstract


We study the effects of country-level accounting enforcement on earnings quality of banks and whether bank regulation substitutes or complements the effect of accounting enforcement on bank earnings quality. We also examine whether the influence of accounting enforcement on bank earnings quality changed after the global financial crisis. Using a sample of listed banks from 40 countries between 2001 and 2014, and abnormal loan loss provisions (ALLP) as our main proxy for earnings quality, we document a consistent and strong association between accounting enforcement and bank earnings quality. More specifically, an increase in accounting enforcement decreases the level of ALLP and decreases the propensity to manage earnings to avoid losses. Furthermore, we provide empirical evidence that bank regulation complements the effect of accounting enforcement on bank earnings quality. Finally, unlike in the pre-crisis period, we find a positive association between accounting enforcement and income-decreasing ALLP in the post-crisis period, which indicates that stronger accounting enforcement is associated with more conservative earnings and higher loan loss reserves. Overall, our results indicate that accounting enforcement reduces opportunistic earnings management.


Introduction


We investigate the relation between country-level accounting enforcement and earnings quality of banks for a sample of publiclylisted international banks. We first examine how accounting enforcement by itself relates to bank earnings quality and then we examine the implications of bank regulation for the accounting enforcement-earnings quality relation. We also study whether the effect of accounting enforcement on earnings management changed after the global financial crisis. Banking is a unique industry where accounting standard setters and regulatory agencies may not always have similar objectives to bank regulators. Whereas accounting standard setters and regulators are more concerned about transparent financial reporting that reflects true economic performance, bank regulators may prefer conservative accounting practices that can lead to over-provisioning of allowances for bad loans that act as a cushion against financial difficulties in bad times. For example, banks’ loan loss provisioning practices came under scrutiny by the SEC’s task force on earnings management (The Wall Street Journal, November 16, 1998). This emphasis on reserves stems from the SEC’s broader concerns about earnings management in banking and other industries. Whereas some banks were trimming loss reserves to increase earnings and bolster their return on equity, other banks were being conservative by overly provisioning for loan losses (American Banker, June 29, 1998). In response to this concern, the SEC on November 16, 1998 ordered SunTrust bank to trim its 1994, 1995, and 1996 loan loss provisions, which resulted in an upward restatement of SunTrust’s profits for the three years and a reduction in its loan loss reserves to $666 million from $766 million.

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