Earnings management in Brazilian credit unions
This article investigates the practice of earnings management by Brazilian credit unions. The main focus is to check for the existence of earnings management to meet the capital adequacy requirements imposedby the Brazilian Central Bank, in line with the Basel Accords. The study also examines the occurrence of income smoothing across credit unions as well as earnings management to avoid reporting losses. The results indicate that the studied institutions do not manage their earnings towards regulatory capital adequacy, but they do engage in income smoothing and earnings management to avoid reporting losses.
Volume (Year): 10 (2013)
Issue (Month): 4 (October)
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- Smith, Donald J & Cargill, Thomas F & Meyer, Robert A, 1981. "An Economic Theory of a Credit Union," Journal of Finance, American Finance Association, vol. 36(2), pages 519-28, May.
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- Ojo, Marianne, 2008.
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10051, University Library of Munich, Germany.
- Marianne Ojo, 2010. "Risk management by the Basel Committee: Evaluating progress made from the 1988 Basel Accord to recent developments," Journal of Financial Regulation and Compliance, Emerald Group Publishing, vol. 18(4), pages 305-315, November.
- Ojo, Marianne, 2008. "Risk management by the Basel Committee: evaluating progress made from the 1988 Basel Accord to recent developments," MPRA Paper 26365, University Library of Munich, Germany, revised Nov 2010.
- Jacob, John & Jorgensen, Bjorn N., 2007. "Earnings management and accounting income aggregation," Journal of Accounting and Economics, Elsevier, vol. 43(2-3), pages 369-390, July.
- Burgstahler, David & Dichev, Ilia, 1997. "Earnings management to avoid earnings decreases and losses," Journal of Accounting and Economics, Elsevier, vol. 24(1), pages 99-126, December.
- Ahmed, Anwer S. & Takeda, Carolyn & Thomas, Shawn, 1999. "Bank loan loss provisions: a reexamination of capital management, earnings management and signaling effects," Journal of Accounting and Economics, Elsevier, vol. 28(1), pages 1-25, November.
- Hansen, Christian B., 2007. "Generalized least squares inference in panel and multilevel models with serial correlation and fixed effects," Journal of Econometrics, Elsevier, vol. 140(2), pages 670-694, October.
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