Identificador persistente para citar o vincular este elemento: http://hdl.handle.net/10553/45297
Título: Earnings conservatism and litigation exposure in the banking industry
Otros títulos: Conservadurismo del resultado y riesgo de litigio en el sector bancario
Autores/as: Amor Tapia, Borja
Bona Sánchez, Carolina 
Perez Aleman, Jeronimo 
Tascon Fernandez, Maria T.
Clasificación UNESCO: 530406 Dinero y operaciones bancarias
Palabras clave: Bancos
Riesgos financieros
Fecha de publicación: 2011
Editor/a: 0210-2412
Publicación seriada: Revista Española de Financiación y Contabilidad 
Resumen: This paper examines the effect of managers' liability exposure on earnings conservatism in the banking industry. Focusing on a wide international sample of commercial banks and using TIER1 as a proxy of bank managers' exposure to litigation, our results show a negative relationship between the level of TIER1 and earnings conservatism. We interpret these results as evidence of an increase in bank managers' liability exposure increasing earnings conservatism. Moreover, we find that this negative relationship holds for both, those banks with a TIER1 below the median country level of TIER1 (low-TIER1 banks) and those with a TIER1 above the median country level of TIER1 (high-TIER1 banks), even though it is less pronounced for the former group. Thus, although it is expected that higher public scrutiny scenarios in the banking industry (low-TIER1 banks) trigger a higher degree of unconditional conservatism, they do not prevent managers from resorting to earnings conservatism in an attempt to minimize not only litigation costs but also the likelihood of adverse political action
URI: http://hdl.handle.net/10553/45297
ISSN: 0210-2412
Fuente: Revista Española de Financiación y Contabilidad [ISSN 0210-2412],v. 40, p. 556-585
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