Χειραγώγηση λογιστικού αποτελέσματος στον τραπεζικό κλάδο
Earnings management in banking sector
KeywordsΧειραγώγηση λογιστικού αποτελέσματος ; Προβλέψεις για ζημίες δανείων ; Χειραγώγηση κεφαλαίου ; Εταιρική κοινωνική ευθύνη ; Εταιρική διακυβέρνηση ; Τραπεζικός κλάδος
This study examines the relationship between loan loss provisions and earnings management. It also examines the capital management, the impact of the size of banks, their activities, the level of insolvency, as well as the impact of the number of stock exchanges in which their shares are traded, on earnings management. The main differences with previous studies in this field of research, are the proxies variables of Corporate Governance and Corporate Social Responsibility which are introduced into the model. The overall objective of this study, is to examine the impact of Corporate Governance and Corporate Social Responsibility, on the use of loan loss provisions to manage earning. A sample of 56 Eurozone listed banks is used for fifteen years, specifically for the period 2004-2015. The results of this study show a negative and statistically significant relationship between loan loss provisions and earnings ratio, which indicates that there is no earnings management through LLPs, at least over the examined period. In addition, there is a positive and statistically significant relationship between loan loss provisions and the bank insolvency risk variable, indicating that banks with high levels of insolvency manage their earnings. The same conclusion holds for banks that are cross-listed. The results of the Corporate Governance variables indicate that the coefficient of the variable that examines the CEO duality is positive and statistically significant, which dictates the best practice of separating these positions. The results of the Corporate Social Responsibility variables do not provide clear conclusions about its effect on banks’ earnings management practices.