Previous research has showed that companies are tempted to manipulate their reported accounting earnings in order to obliterate small negative variations in these earnings. Through our análisis of Chilean banks we find results that are in line with those of the previous research. Indeed, we find that Chilean banks tend to smooth their reported earnings by taking adantage of the discretion with which the banks are allowed to estimate their provisions for bad and dubious loans. During the time period covered by our simple, banking regulations were changad in order to reduce the discretionary carácter of the estimation of the provisions for bad and dubios loans. Howerever, we find that this regulatory change did not eliminate earnings smoothing in Chilean banks.// Existe abundante evidencia empírica compatible con que las empresas manipulan la ganancia contable que informan, con el fin de ocultar pequeñas variaciones negativas en ésta. En este trabajo se analizamos la posible existencia de ese comportamiento en la banca chilena e identificamos el mecanismo mediante el cual estas instituciones practicarían la manipulación. Encontramos pruebas compatibles con la existencia de manipulación de la ganancia contable registrada, cuyo propósito es evitar mostrar una variación negativa de ésta. Esta manipulación se llevaría acabo utilizando la discrecionalidad de la que gozan os bancos para estimar la provisión por incobrabilidad de préstamo. Durante el periodo que comprende la muestra, se produjo un cambio importante en la regulación para la banca chilena, orientado a restringir la discrecionalidad en el cálculo de dicha provisión. Nuestro análisis indica que este cambio no eliminaría el tipo de manipulación en estudio.
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