Profit status of microfinance institutions and incentives for earnings management

被引：9

作者：

Leite, Rodrigo de Oliveira ^{[1
,2
]}

Mendes, Layla dos Santos ^{[2
]}

Moreira, Rafael de lacerda ^{[3
]}

机构：

[1] COPPEAD Grad Sch Business, Rio De Janeiro, Brazil

[2] Brazilian Sch Publ & Business Adm, Rio De Janeiro, Brazil

[3] Univ Fed Espirito Santo, Vitoria, ES, Brazil

来源：

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2020年 / 54卷

关键词：

Microfinance; Earnings management; Impairment provisions; ORGANIZATIONS; ACCRUALS;

D O I：

10.1016/j.ribaf.2020.101255

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We theorize that for-profit microfinance institutions (MFIs) have higher incentives to use earnings management techniques when compared to their not-for-profit counterparts. Indeed, we show empirically that, when facing a distress period, for-profit MFIs are more likely to recognize impairment loan loss provisions than not-for-profit ones in about 0.8% of assets. This is consistent with the notion that those institutions are employing "big bath" accounting practices. Finally, using the 2008 crisis as an exogenous shock and country-level recessions as an exogenous measure of distress, we replicate our results.

引用

页数：13

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