Value Relevance of Add-back of Loan Loss Reserves
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 김영준 | - |
dc.contributor.author | 안혜진 | - |
dc.date.available | 2020-07-10T04:03:40Z | - |
dc.date.created | 2020-07-06 | - |
dc.date.issued | 2019 | - |
dc.identifier.issn | 1226-9816 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/hongik/handle/2020.sw.hongik/2179 | - |
dc.description.abstract | Under the current bank regulatory capital framework, loan loss reserves (LLR) are added back to regulatory capital up to a certain limit (henceforth, ‘add-backs’). This study examines how equity investors value these addbacks. Decomposing LLR into add-backs and other LLR, we find that add-backs have positive value relevance if such add-backs increase total regulatory capital and other LLR has negative value relevance. This positive value relevance of add-backs is driven by banks with low capital levels. Our finding indicates that the market perceives add-backs as capital rather than as an expense. | - |
dc.language | 영어 | - |
dc.language.iso | en | - |
dc.publisher | 서울대학교 경영연구소 | - |
dc.title | Value Relevance of Add-back of Loan Loss Reserves | - |
dc.title.alternative | Value Relevance of Add-back of Loan Loss Reserves | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | 안혜진 | - |
dc.identifier.doi | 10.35152/snusjb.2019.25.2.004 | - |
dc.identifier.bibliographicCitation | Seoul Journal of Business, v.25, no.2, pp.93 - 114 | - |
dc.relation.isPartOf | Seoul Journal of Business | - |
dc.citation.title | Seoul Journal of Business | - |
dc.citation.volume | 25 | - |
dc.citation.number | 2 | - |
dc.citation.startPage | 93 | - |
dc.citation.endPage | 114 | - |
dc.type.rims | ART | - |
dc.identifier.kciid | ART002533729 | - |
dc.description.journalClass | 2 | - |
dc.description.journalRegisteredClass | kci | - |
dc.subject.keywordAuthor | Add-backs | - |
dc.subject.keywordAuthor | regulatory capital | - |
dc.subject.keywordAuthor | loan loss reserves | - |
dc.subject.keywordAuthor | value relevance | - |
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