CEO Overconfidence, Loan-Loss Provisions, and the Effect of Country Corruption: An International Investigation

被引：1

作者：

Lee, Hansol ^{[1
]}

Choi, Dongjoon ^{[1
]}

Lee, Ho-Young ^{[1
]}

Yoon, Inkyung ^{[1
]}

机构：

[1] Yonsei Univ, Sch Business, 50 Yonsei Ro, Seoul, South Korea

来源：

EMERGING MARKETS FINANCE AND TRADE | 2023年 / 59卷 / 06期

关键词：

Loan-loss provisions; CEO overconfidence; corruption; international investigation; CEO characteristics; CROSS-COUNTRY; CORPORATE GOVERNANCE; EARNINGS MANAGEMENT; CAPITAL MANAGEMENT; DETERMINANTS; INSTITUTIONS; BANKS; TESTS; IFRS;

D O I：

10.1080/1540496X.2022.2153591

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the relationship between CEO overconfidence and bank recognition of loan-loss provisions (LLPs) and the effect of country corruption level on this relationship by analyzing cross-country data. We use a sample of 3,047 financial institutions in 53 different countries over 2013-2018. The results reveal that overconfident CEOs are more likely to recognize lower LLPs, suggesting that they overestimate (underestimate) favorable (unfavorable) outcomes of loan collection. Furthermore, we find that lower country-level corruption attenuates this relationship. We further show that overconfident CEOs reduce only the recognition of discretionary components of LLPs.

引用

页码：1835 / 1851

页数：17

共 31 条

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