Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/51988

The Market Pricing of the Timeliness of Bank Loan Loss Recognition

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Item Summary

Title: The Market Pricing of the Timeliness of Bank Loan Loss Recognition
Authors: Kim, Young Jun
Keywords: Banks
Timeliness of loan loss recognition
Loan loss provisions
Market efficiency
Recessions
Issue Date: 2017
Abstract: This study examines how the stock market prices US banks timeliness of loan loss recognition. Our findings are summarized as follows. First, we find that the market overprices banks with less timely loan loss recognition, whereas it underprices banks with more timely loan loss recognitioin. Second, the magnitude of such mispricing is more pronounced during economic recessions. Our findings indicate that variations in the timeliness of banks' loan loss recognition make it diffidcult for investors to value bank stocks, in particular during recissions.
Description: Inquiries about this document can be made to HARC@hawaii.edu
URI/DOI: http://hdl.handle.net/10125/51988
Appears in Collections:17 Other Research Topics (OTHERS)


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