search query: @author Liu, C. / total: 5
reference: 4 / 5
| Author: | Liu, C. Ryan, S. Wahlen, J. |
| Title: | Differential valuation implications of loan loss provisions across banks and fiscal quarters |
| Journal: | Accounting Review
1997 : JAN, VOL. 72:1, p. 133-146 |
| Index terms: | ACCOUNTING BANKS CASH FLOW |
| Language: | eng |
| Abstract: | Prior research has found that loan loss provisions are positively associated with bank stock returns and future cash flows, conditional on less discretionary information about loan default. The authors find that these positive valuation implications obtain only for loan loss provisions for low regulatory capital banks in the fourth fiscal quarter. The authors' regulatory capital-based tests are motivated by the idea that increased discretionary loan loss provisions are plausibly good news only for banks which appear to have loan default risk problems based on prior information. |
SCIMA