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Autor
Skała Dorota
Tytuł
Uwarunkowania i znaczenie procesów zarządzania dochodami w bankach
Źródło
Bezpieczny Bank, 2012, nr 1 (46), s. 81-103, bibliogr. 35 poz.
Słowa kluczowe
Bankowość, Dochody, Przegląd literatury, Zarządzanie finansami, Zarządzanie zyskami
Banking, Income, Literature review, Financial management, Earnings management
Uwagi
summ.
Abstrakt
W poniższym artykule zawarto przegląd literatury z obszaru zarządzania dochodami w instytucjach finansowych, systematyzujący rozważania teoretyczne i wyniki badań empirycznych z ostatnich lat. Liczne dowody na występowanie zjawiska zarządzania dochodami w bankach, a w szczególności wygładzania dochodów za pomocą odpisów na rezerwy, wskazują, że analizy dochodowości abstrahujące od zarządzania dochodami mogą być obarczone poważnymi błędami. Ponadto, dochodowość banku w rozumieniu zysku netto może odzwierciedlać przeszacowany lub niedoszacowany poziom dochodów za bieżący okres, w zależności od momentu cyklu kredytowego i cyklu koniunkturalnego. (fragment tekstu)

This paper reviews literature on earnings management in banks, focusing on income smoothing through loan loss provisions. The paper presents motivations underlying income smoothing, the effect of this process on bank capital and its influence on procyclicality of bank activities. A crucial role of bank management is underlined, as the income smoothing process is driven by bank managers with prudential and non-prudential motivations. The paper summarises recent results of empirical studies in the income smoothing area. The introduction of anticyclical reserves recommended by the Financial Stability Board stays in close proximity with conclusions from international research. However, potential regulations also have to account for the behaviour of bank managers, who optimise not only bank value, but also their private benefits derived from more stable income streams of the managed institutions. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Bibliografia
Pokaż
  1. Ahmed A.S., Takeda C., Thomas S., Bank loan loss provisions: a reexamination of capital management, earnings management and signalling effects, "Journal of Accounting and Economics", 1999, 28, s. 1-25.
  2. Baila E. i McKenna A., Dynamic Provisioning: A Countercyclical Tool for Loan Loss Reserves, "Economic Quarterly", 2009, 95 (4), s. 383-418.
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  4. Berger A.N., Humphrey D.B., Efficiency of financial institutions: International survey and directions for future research, "European Journal of Operational Research", 1997, 98, s. 175-212.
  5. Bikker J.A., Metzemakers EA.J., Bank provisioning behaviour andprocyclicality, "International Financial Markets, Institutions and Money", 2005 15, s. 141-157,.
  6. Bornemann S., Kick T., Memmel C., Pfingsten A., Are banks using hidden reserves to beat earnings benchmarks?Evidence from Germany, Deutsche Bundesbank Discussion Paper, Series 2 "Banking and Financial Studies", 2010, 13.
  7. Burgstahler D., Dichev I., Earnings management to avoid earnings decreases and losses, "Journal of Accounting and Economics", 1997, 24, s. 99-126.
  8. Cavallo M., Majnoni G., Do Banks Provision for Bad Loans in Good Times? Empirical Evidence and Policy Implications, World Bank Policy Research Working Paper, 2619, 2001.
  9. Collins J.H., Shackelford D.A., Wahlen J.M., Bank Differences in the Coordination of Regulatory Capital, Earnings and Taxes, "Journal of Accounting Research", 1995, 33(2), s. 263-291.
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  13. Financial Stability Forum Report of the Financial Stability Forum on Addressing Procyclicality in the Financial System, 2009.
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  16. Greenawalt M.B., Sinkey J.F., Bank Loan Loss Provisions and the Income-Smoothing Hypothesis: An Empirical Analysis 1976-1984, "Journal of Financial Services Research", 1988, 1, s. 301-318.
  17. Guzik B., Kanoniczne wskaźniki rentowności w wybranych bankach notowanych na Giełdzie Papierów Wartościowych w Warszawie, "Bank i Kredyt", 2006.
  18. Healy R, Wahlen J., A review of the earnings management literature and its implications for standard setting, "Accounting Horizons", 1999, 13, s. 365-383.
  19. Iwanicz-Drozdowska M., Zarządzanie finansowe bankiem, Polskie Wydawnictwo Ekonomiczne, Warszawa 2010.
  20. Kim D., Santomero A.M., Forecasting Required Loan Loss Reserves, "Journal of Economics and Business", 1993, 45, s. 315-329.
  21. Laeven L., Levine R., Bank governance, regulation and risk taking, "Journal of Financial Economics", 2009, 93, s. 259-275.
  22. Laeven L., Majnoni G., Loan loss provisioning and economic slowdowns: too much, too late?, "Journal of Financial Intermediation", 2003, 12(2), s. 178-197.
  23. Lambert R.A., Income Smoothing as Rational Equilibrium Behavior, "The Accounting Review", 1984, 59 (4), s. 604-618.
  24. Lepetit L., Nys E., Rous R, Tarazi A., Bank income structure and risk: An empirical analysis of European banks, "Journal of Banking and Finance", 2008, 32, s. 1452-1467.
  25. Leuz C., Nanda D., Wysocki P, Earnings management and investor protection: an international comparison, "Journal of Financial Economics", 2003, 69, s. 505-527.
  26. Liu C.-C., Ryan S.G., The Effect of Bank Loan Portfolio Composition on the Market Reaction to and Anticipation of Loan Loss Provisions, "Journal of Accounting Research", 1995, 33(1), s. 77-94.
  27. Liu C.-C., Ryan S.G., Income Smoothing over the Business Cycle: Changes in Banks' Coordinated Management of Provisions for Loan Losses and Loan Charge-Offs from the Pre-1990 Bust to the 1990s Boom, "The Accounting Review", 2006, 81(2), s. 421-441.
  28. Lozano-Vivas A., Pastor J., Hasan I., European Bank Performance Beyond Country Borders: What Really Matters?, "European Finance Review", 2001, 5, s. 141-165.
  29. Micco A., Panizza U., Yanez M., Bank ownership and performance. Does politics matter?, "Journal of Banking and Finance", 2007, 31, s. 219-241.
  30. Perez D., Salas V, Saurina J., Earnings and Capital Management in Alternative Loan Loss Provision Regulatory Regimes, Bank of Spain Working Paper, 0614, 2006.
  31. Quagli A., Ricciardi M., The IAS 39-October 2008 Amendment as another opportunity of earnings management: an analysis of the European banking industry, Working Paper, 2010.
  32. Quagliariello M., Banks' riskiness over the business cycle: a panel analysis on Italian intermediaries, "Applied Financial Economics", 2007, 17, s. 119-138.
  33. Saurina J., Dynamic Provisioning - the Experience of Spain, Crisis Response no. 7, World Bank, Public policy for the private sector, 2009.
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Cytowane przez
Pokaż
ISSN
1429-2939
Język
pol
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