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CEO Overconfidence, Loan-Loss Provisions, and the Effect of Country Corruption: An International Investigation
- Lee, Hansol;
- Choi, Dongjoon;
- Lee, Ho-Young;
- Yoon, Inkyung
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5초록
This study examines the relationship between CEO overconfidence and bank recognition of loan-loss provisions (LLPs) and the effect of country corruption level on this relationship by analyzing cross-country data. We use a sample of 3,047 financial institutions in 53 different countries over 2013-2018. The results reveal that overconfident CEOs are more likely to recognize lower LLPs, suggesting that they overestimate (underestimate) favorable (unfavorable) outcomes of loan collection. Furthermore, we find that lower country-level corruption attenuates this relationship. We further show that overconfident CEOs reduce only the recognition of discretionary components of LLPs.
키워드
Loan-loss provisions; CEO overconfidence; corruption; international investigation; CEO characteristics; CROSS-COUNTRY; CORPORATE GOVERNANCE; EARNINGS MANAGEMENT; CAPITAL MANAGEMENT; DETERMINANTS; INSTITUTIONS; BANKS; TESTS; IFRS
- 제목
- CEO Overconfidence, Loan-Loss Provisions, and the Effect of Country Corruption: An International Investigation
- 저자
- Lee, Hansol; Choi, Dongjoon; Lee, Ho-Young; Yoon, Inkyung
- 발행일
- 2023-05-03
- 유형
- Article
- 권
- 59
- 호
- 6
- 페이지
- 1835 ~ 1851
- 언어
- ENG
- 출판사
- ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
- 발행국가
- 영국
- 분량
- 17 페이지
- ISSN
- E 1558-0938
P 1540-496X