- Autor
- Bolibok Piotr (John Paul II Catholic University of Lublin, Poland)
- Tytuł
- Value Relevance of Impairment Provisions in the Polish Banking Sector
Znaczenie odpisów aktualizujących z tytułu utraty wartości i rezerw dla wartości rynkowej w polskim sektorze bankowym - Źródło
- Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, 2015, nr 397, s. 58-67, tab., bibliogr. 20 poz.
Research Papers of Wrocław University of Economics - Tytuł własny numeru
- Finance and Accounting for Sustainable Development - Responsibility, Ethic, Financial Stability
- Słowa kluczowe
- Sprawozdawczość finansowa, Wartość rynkowa, Banki, Rezerwy
Financial reporting, Market value, Banks, Reserves - Uwagi
- streszcz., summ.
- Abstrakt
- The paper aims at empirical evaluation of the value relevance of impairment provisions reported by commercial banks listed on the Warsaw Stock Exchange over the period 1998-2013. The examined sample covered 18 domestically-based banks and included 206 bank-year observations for the data from separate financial statements and 190 bankyear observations for consolidated ones. The key research method employed is a crosssectional price-deflated linear regression with ordinary least squares estimation. The results of the analysis indicate that impairment provisions reported by the listed banks in Poland are value relevant, and that increases in those provisions are on average priced negatively by equity investors. Moreover, banks' net earnings decomposed into impairment provisions and the residual component reveal incremental explanatory power over the aggregate numbers; however, this effect fades when book value of equity is included as an additional regressor in valuation models(abstrakt oryginalny)
Celem artykułu jest weryfikacja empiryczna znaczenia dla wartości rynkowej odpisów aktualizujących z tytułu utraty wartości i rezerw raportowanych przez banki komercyjne z siedzibą w Polsce notowane na Giełdzie Papierów Wartościowych w Warszawie w okresie 1998-2013. Rezultaty przekrojowej, deflowanej ceną, regresji liniowej estymowanej klasyczną metodą najmniejszych kwadratów wskazują, że odpisy aktualizujące z tytułu utraty wartości i rezerwy mają znaczenie dla wartości rynkowej oraz, że wzrosty tych odpisów i rezerw są zwykle wyceniane negatywnie przez inwestorów giełdowych(original abstract) - Dostępne w
- Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu - Pełny tekst
- Pokaż
- Bibliografia
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- Cytowane przez
- ISSN
- 1899-3192
- Język
- eng
- URI / DOI
- http://dx.doi.org/10.15611/pn.2015.397.04