English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109952/140887 (78%)
Visitors : 46350732      Online Users : 1267
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version
    政大機構典藏 > 商學院 > 會計學系 > 期刊論文 >  Item 140.119/149422


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/149422


    Title: Does Discretionary Loan Loss Provision Strengthen or Weaken Market Information Efficiency in The Banking Sector?
    裁決性呆帳損失是加強還是削弱了銀行業的市場資訊效率？
    Authors: 詹凌菁
    Chan, Ann Ling-ching;Lee, Edward
    Contributors: 會計系
    Keywords: Loan loss provision;Future earnings response coefficient;Signaling;Earnings management
    呆帳損失;未來盈餘反應係數;訊息傳遞;盈餘管理
    Date: 2023-07
    Issue Date: 2024-01-29 09:12:14 (UTC+8)
    Abstract: We examine whether and how discretionary loan loss provision (DLLP) affects the future earnings response coefficient (FERC) of stock returns among banks. There are long standing debates and mixed findings in the bank accounting literature on whether the DLLP contributes to information signaling or earnings management. To date, however, this literature has not directly evaluated the impact of DLLP on the share price anticipation of banks' future earnings performance. We provide evidence that DLLP influences the relationship between current stock returns and future earnings among banks in ways consistent with the signaling rather than the earnings management effect. Further analyses reveal this effect is (i) stronger among banks more incentivized to convey favorable future prospects to outside investors, and (ii) independent of the influence of timeliness in loan loss recognition. Our findings imply that the change from incurred to expected loss models could strengthen the market information efficiency among banks.
    本文探討裁決性呆帳損失（discretionary loan loss provision, DLLP）是否以及如何影響銀行業的未來盈餘反應係數（future earnings response coefficient, FERC）。在銀行會計相關文獻中，對於裁決性呆帳損失是否有助於訊息傳遞或盈餘管理，存在長期的爭論與不同的研究結果。而迄今為止，該相關文獻尚未直接評估裁決性呆帳損失對於銀行業之股價預期未來盈餘績效的影響。本文實證結果顯示裁決性呆帳損失對於銀行目前股票報酬與未來盈餘之間關係的影響係與訊息傳遞效應一致而非盈餘管理效應。而進一步的分析顯示（1）當銀行有更多動機向外部投資者傳達有利的未來願景時此影響更為強烈，以及（2）此結果獨立於呆帳損失認列的及時性所造成之影響。本文之研究結果隱含備抵呆帳之認列從已發生損失模型轉換為預期損失模型可以加強銀行業的市場資訊效率。
    Relation: 中華會計學刊 (Taiwan Accounting Review), Vol.19, No.1, pp.43-74
    Data Type: article
    DOI 連結: https://doi.org/10.6538/TAR.202307_19(1).0002
    DOI: 10.6538/TAR.202307_19(1).0002
    Appears in Collections:[會計學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML31View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback