Earticle

초록

영어

This paper examines whether a bank’s disclosure level affects the loan loss provision (LLP) and the stock price’s response to it using commercial banks and bank holding companies in 41 countries. We find that banks with higher disclosure levels tend to do less discretionary LLPs after controlling for the banks’ incentives for discretionary accounting and the level of their home country’s disclosure requirements and private monitoring. We also find that the stock prices of banks with higher disclosure levels respond less to LLPs than do those of banks with lower disclosure levels. These results imply that public disclosure has a commitment effect on bank managers’ LLP accounting and reduces surprises from LLP announcements.

목차

ABSTRACT
 1. Introduction
 2. Banks’ disclosure and LLP accounting
 3. Research design
 4. Empirical evidence
 5. Conclusion
 Appendix
 References

키워드

저자

• Hyosoon Choi [ Korea Deposit Insurance Corporation ]
• Wook Sohn [ KDI School of Public Policy and Management ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  한국재무학회 학술대회

• 간기

  부정기

• 수록기간

  2006~2024

• 십진분류

  KDC 325 DDC 330