Repository at Hanyang UniversityGRADUATE SCHOOL OF BUSINESS[S](경영전문대학원)BUSINESS ADMINISTRATION(경영학과)Articles
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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | 나현종 | - |
| dc.date.accessioned | 2020-11-27T02:29:26Z | - |
| dc.date.available | 2020-11-27T02:29:26Z | - |
| dc.date.issued | 2019-12 | - |
| dc.identifier.citation | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, v. 48, no. 6, page. 777-807 | en_US |
| dc.identifier.issn | 2041-9945 | - |
| dc.identifier.issn | 2041-6156 | - |
| dc.identifier.uri | https://onlinelibrary.wiley.com/doi/full/10.1111/ajfs.12279 | - |
| dc.identifier.uri | https://repository.hanyang.ac.kr/handle/20.500.11754/155982 | - |
| dc.description.abstract | Using US banks' quarterly data from 1995 to 2014, this study examines the mechanism by which delayed expected loss recognition (DELR) affects the stock price crash risk of banks. We first show that greater DELR is positively associated with a subsequent crash in stock price. We then find that this association is only present when bank managers have more discretion in concealing bad news, which is proxied by the high proportion of heterogeneous loans. These findings provide policy implications for bank regulators regarding the importance of specific loan types and time horizons when monitoring the accounting treatment of banks. | en_US |
| dc.description.sponsorship | This work was supported by the Hankuk University of Foreign Studies Research Fund of 2019. We thank Xuan Tian (editor) and two anonymous reviewers for their comments and suggestions. We are also grateful to the workshop participants at Seoul National University, the 2018 International Finance and Accounting Conference, and the 2018 Conference on Asia-Pacific Financial Markets for their helpful comments and suggestions. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | WILEY | en_US |
| dc.subject | Bad news withholding | en_US |
| dc.subject | Banks | en_US |
| dc.subject | Delayed expected loss recognition | en_US |
| dc.subject | Loan loss provision | en_US |
| dc.subject | Stock price crash risk | en_US |
| dc.title | Bad News Withholding and Stock Price Crash Risk of Banks | en_US |
| dc.type | Article | en_US |
| dc.relation.no | 6 | - |
| dc.relation.volume | 48 | - |
| dc.identifier.doi | 10.1111/ajfs.12279 | - |
| dc.relation.page | 777-807 | - |
| dc.relation.journal | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES | - |
| dc.contributor.googleauthor | Jung, Taejin | - |
| dc.contributor.googleauthor | Kim, Natalie Kyung Won | - |
| dc.contributor.googleauthor | Kim, Young Jun | - |
| dc.contributor.googleauthor | Na, Hyun Jong | - |
| dc.relation.code | 2019006565 | - |
| dc.sector.campus | S | - |
| dc.sector.daehak | SCHOOL OF BUSINESS[S] | - |
| dc.sector.department | DIVISION OF BUSINESS ADMINISTRATION | - |
| dc.identifier.pid | henryhjna | - |
| dc.identifier.orcid | https://orcid.org/0000-0002-6475-128X | - |
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