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Bad News Withholding and Stock Price Crash Risk of Banks
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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | 정태진 | - |
| dc.contributor.author | 김경원 | - |
| dc.contributor.author | 김영준 | - |
| dc.contributor.author | 나현종 | - |
| dc.date.accessioned | 2021-08-02T10:27:34Z | - |
| dc.date.available | 2021-08-02T10:27:34Z | - |
| dc.date.created | 2021-05-14 | - |
| dc.date.issued | 2019-12 | - |
| dc.identifier.issn | 2041-9945 | - |
| dc.identifier.uri | https://scholarworks.bwise.kr/hanyang/handle/2021.sw.hanyang/11555 | - |
| dc.description.abstract | Using US banks' quarterly data from 1995 to 2014, this study examines the mechanism by which delayed expected loss recognition (DELR) affects the stock price crash risk of banks. We first show that greater DELR is positively associated with a subsequent crash in stock price. We then find that this association is only present when bank managers have more discretion in concealing bad news, which is proxied by the high proportion of heterogeneous loans. These findings provide policy implications for bank regulators regarding the importance of specific loan types and time horizons when monitoring the accounting treatment of banks. | - |
| dc.language | 영어 | - |
| dc.language.iso | en | - |
| dc.publisher | WILEY | - |
| dc.title | Bad News Withholding and Stock Price Crash Risk of Banks | - |
| dc.type | Article | - |
| dc.contributor.affiliatedAuthor | 나현종 | - |
| dc.identifier.doi | 10.1111/ajfs.12279 | - |
| dc.identifier.scopusid | 2-s2.0-85077370175 | - |
| dc.identifier.wosid | 000505277300002 | - |
| dc.identifier.bibliographicCitation | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, v.48, no.6, pp.777 - 807 | - |
| dc.relation.isPartOf | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES | - |
| dc.citation.title | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES | - |
| dc.citation.volume | 48 | - |
| dc.citation.number | 6 | - |
| dc.citation.startPage | 777 | - |
| dc.citation.endPage | 807 | - |
| dc.type.rims | ART | - |
| dc.type.docType | 정기학술지(Article(Perspective Article포함)) | - |
| dc.description.journalClass | 1 | - |
| dc.description.isOpenAccess | N | - |
| dc.description.journalRegisteredClass | ssci | - |
| dc.description.journalRegisteredClass | scopus | - |
| dc.description.journalRegisteredClass | kci | - |
| dc.relation.journalResearchArea | Business & Economics | - |
| dc.relation.journalWebOfScienceCategory | Business, Finance | - |
| dc.subject.keywordPlus | LOSS RESERVE POLICIES | - |
| dc.subject.keywordPlus | INFORMATION UNCERTAINTY | - |
| dc.subject.keywordPlus | EARNINGS MANAGEMENT | - |
| dc.subject.keywordPlus | LOAN | - |
| dc.subject.keywordPlus | PROVISIONS | - |
| dc.subject.keywordAuthor | Bad news withholding | - |
| dc.subject.keywordAuthor | Banks | - |
| dc.subject.keywordAuthor | Delayed expected loss recognition | - |
| dc.subject.keywordAuthor | Loan loss provision | - |
| dc.subject.keywordAuthor | Stock price crash risk | - |
| dc.identifier.url | https://onlinelibrary.wiley.com/doi/full/10.1111/ajfs.12279 | - |
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Related Researcher
- NA, HYUN JONG
- SCHOOL OF BUSINESS (SCHOOL OF BUSINESS ADMINISTRATION)