The DOI matches its Crossref record; 12 of the 12 references it cites were found in a registry or an index.
Discretionary behavior with respect to allowances for loan losses and the behavior of security prices
Open accessAbstract
The study examines the capital market pricing of discretionary and nondiscretionary components of a major accrual in the banking industry, the allowance for loan losses. The analysis employs a two-stage approach in which the allowance account is first decomposed into estimates of its nondiscretionary and discretionary components. The second stage evaluates the market's valuation of the estimates of the components. Evidence suggests that the capital market perceives the allowance to be comprised of two components, a nondiscretionary component which is negatively priced and a discretionary component whose incremental pricing coefficient is positive.
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Citations
Cites
Specification Tests in Econometrics
Hausman, J. A. (1978) · Econometrica · doi:10.2307/1913827 · Cited by 18,820
Watts, R. L., & Zimmerman, J. L. (1985) · Andalas University Repository (Andalas University) · Cited by 5,838
Earnings, Book Values, and Dividends in Equity Valuation*
OHLSON, J. A. (1995) · Contemporary Accounting Research · doi:10.1111/j.1911-3846.1995.tb00461.x · Cited by 5,042
Valuation and Clean Surplus Accounting for Operating and Financial Activities*
FELTHAM, G. A., & OHLSON, J. A. (1995) · Contemporary Accounting Research · doi:10.1111/j.1911-3846.1995.tb00462.x · Cited by 2,220
Beatty, A., Chamberlain, S. L., & Magliolo, J. (1995) · Journal of Accounting Research · doi:10.2307/2491487 · Cited by 746
Stakeholders' implicit claims and accounting method choice
Bowen, R. M., DuCharme, L., & Shores, D. (1995) · Journal of Accounting and Economics · doi:10.1016/0165-4101(95)00404-1 · Cited by 555
The Nature of Information in Commercial Bank Loan Loss Disclosures.
Wahlen, J. M. (1994) · The Accounting Review · doi:10.2308/tar-9412141438 · Cited by 520
Capital adequacy ratio regulations and accounting choices in commercial banks
Moyer, S. E. (1990) · Journal of Accounting and Economics · doi:10.1016/0165-4101(90)90027-2 · Cited by 506
Tax Planning, Regulatory Capital Planning, and Financial Reporting Strategy for Commercial Banks
Scholes, M. S., Wilson, G. P., & Wolfson, M. A. (1990) · Review of Financial Studies · doi:10.1093/rfs/3.4.625 · Cited by 442
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Cited by
A Review of the Earnings Management Literature and Its Implications for Standard Setting
Healy, P. M., & Wahlen, J. M. (1999) · Accounting Horizons · doi:10.2308/acch.1999.13.4.365 · Cited by 4,623
Earnings management and corporate governance: the role of the board and the audit committee
Xie, B., Davidson, W. N., & DaDalt, P. J. (2003) · Journal of Corporate Finance · doi:10.1016/s0929-1199(02)00006-8 · Cited by 2,777
Capital markets research in accounting
Kothari, S. P. (2001) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(01)00030-1 · Cited by 2,560
Empirical research on accounting choice
Fields, T. D., Lys, T. Z., & Vincent, L. (2001) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(01)00028-3 · Cited by 1,759
Accounting Conservatism, the Quality of Earnings, and Stock Returns
Penman, S. H., & Zhang, X.-J. (2002) · The Accounting Review · doi:10.2308/accr.2002.77.2.237 · Cited by 1,160
Metadata
- Authors
- Beaver, W. H., & Engel, E. E.
- Venue
- Journal of Accounting and Economics
- Publisher
- Elsevier BV
- Published
- 1996-08
- Volume
- 22
- Issue
- 1-3
- Pages
- 177-206
- ISSN
- 0165-4101 (ISSN-L)
- OpenAlex
- W2019084876
- Cited by
- 552
- References
- 12
- FWCI
- 37.31
- Type
- journal article
- Language
- en
- Open access
- hybrid
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- Beaver, W. H., & Engel, E. E. (1996). Discretionary behavior with respect to allowances for loan losses and the behavior of security prices. Journal of Accounting and Economics. https://doi.org/10.1016/s0165-4101(96)00428-4
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
