11.18德勤－复旦会计论坛系列讲座之七十

时间：2014年11月18日（周二）下午13：30

地点：史带楼502室

主持人: 陈超教授

演讲嘉宾：Gerald J. Lobo (University of Houston)

Title：Bank Accounting Conservatism, Risk Taking and Earnings Management

Abstract：We study how accounting conservatism, through the allowance for loan losses, affects bank stability and bank risk taking, and whether it relates to earnings management to meet or beat earnings benchmarks. We find that banks that were more conservative during the period prior to the financial crisis, as measured by abnormal loan loss allowance, engaged in less risk taking during the pre-crisis period and had a lower probability of failure during the crisis period. In tests related to earnings management to meet or beat earnings benchmarks, we find that abnormal allowance for loan losses is unrelated to next period‘s loss avoidance and just meeting or beating the prior year‘s earnings. An important contribution of our study is that it provides evidence on the policy-relevant question of whether allowing discretion in the estimation of loan and lease loss allowance is beneficial for risk management (i.e., as a cushion against future credit losses) or whether this discretion is used primarily for opportunistic earnings management. Our study also informs policy makers and accounting standard setters on banks‘ use of accounting discretion as a means to build a cushion against future credit losses as they transition from the incurred loss model to the expected loss model for loan loss accounting.

会计学系

2014-11-13