Εταιρική κοινωνική ευθύνη και χειραγώγηση των κερδών στην τραπεζική
KeywordsΑσύμμετρη πληροφόρηση ; Ζημιές απομειώσεως ; Χειραγώγηση κερδών ; Εξομάλυνση του εισοδήματος ; Επικοινωνία με τους επενδυτές ; Κεφαλαιακή επάρκεια ; Εταιρική κοινωνική ευθύνη ; Asymmetric information ; Loan loss provisions ; Earning management ; Income smoothing ; Signaling ; Capital requirement ; Social corporate responsibility
This thesis examines whether Corporate Social Responsibility (CSR) is associated with the earning management. The main factors for income- smoothing by banks are based on asymmetric information. When everything is equal, asymmetric information should be less severe for banks included in Dow Jones Sustainability Index (DJSI). Is DJSI- inclusion associated with smaller income- smoothing? What is the role of the institutional environment of the banks’ home countries? The results of the empirical analysis exhibit less earning management in banking but signaling. Moreover, there is anticyclical behavior in loan- loss provisions. Finally, the answer to the question that this thesis posits is the fact that banks which are included in the DJSI exhibit less earnings management. This is due to the stricter monitoring and continual observation that they undergo.