This paper analyzes the effect of the timeliness of loan loss provisioning on bank opacity, as measured by stock market micro-structure properties. The key finding of the empirical analysis is that before the 2007-09 financial crisis the timeliness of provisioning has limited effect on bank opacity, while during the crisis more timely provisions are associated with greater transparency.
Tempestività della svalutazione dei crediti e opacità delle banche
IANNOTTA, GIULIANO ORLANDO;
2014
Abstract
This paper analyzes the effect of the timeliness of loan loss provisioning on bank opacity, as measured by stock market micro-structure properties. The key finding of the empirical analysis is that before the 2007-09 financial crisis the timeliness of provisioning has limited effect on bank opacity, while during the crisis more timely provisions are associated with greater transparency.File in questo prodotto:
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