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Do delays in expected loss recognition affect banks' willingness to lend?

Beatty, Anne; Liao, Scott

Journal of accounting & economics, 2011, Vol.52(1), pp. 1-20 [Tạp chí có phản biện]

ISSN: 0165-4101

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  • Nhan đề:
    Do delays in expected loss recognition affect banks' willingness to lend?
  • Tác giả: Beatty, Anne
  • Liao, Scott
  • Chủ đề: Verlust ; Kreditrationierung ; Bankenaufsicht ; Usa
  • Là 1 phần của: Journal of accounting & economics, 2011, Vol.52(1), pp. 1-20
  • Mô tả: To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.jacceco.2011.02.002 Byline: Anne Beatty (a), Scott Liao (b) Keywords: Loss recognition; Lending; Banks; Capital constraints; Pro-cyclicality Abstract: Banks can decrease their future capital inadequacy concerns by reducing lending. The capital crunch theory predicts that lending is particularly sensitive to regulatory capital constraints during recessions, when regulatory capital declines and external-financing frictions increase. Regulators and policy makers argue that the current loan loss provisioning rules magnify this pro-cyclicality. Exploiting variation in the delay in expected loss recognition under the current incurred loss model, we find that reductions in lending during recessionary relative to expansionary periods are lower for banks that delay less. We also find that smaller delays reduce the recessionary capital crunch effect. These results hold across management quality partitions. Author Affiliation: (a) Fisher College of Business, The Ohio State University, 442 Fisher Hall, 2100 Neil Avenue, Columbus, OH 43210, USA (b) Rotman School of Management, University of Toronto, 105 St. George Street, Toronto, ON, Canada M5S 3E6 Article History: Received 4 March 2010; Revised 6 February 2011; Accepted 21 February 2011
  • Ngôn ngữ: English
  • Số nhận dạng: ISSN: 0165-4101

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