FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3189553731> ?p ?o ?g. }

• W3189553731 endingPage "987" @default.
• W3189553731 startingPage "959" @default.
• W3189553731 abstract "Since 2018, banks have implemented the expected credit loss (ECL) model under International Financial Reporting Standard (IFRS) 9 to estimate loan losses, which replaces the incurred loss model under International Accounting Standard (IAS) 39. The key novelty of the ECL model is the incorporation of forward-looking information for recognizing accounting loan loss provisions (LLPs), which provides ample room for managerial discretion. Over the period 2014–2019, I first show that the shift to the ECL model improves the timeliness of loan loss recognition. However, under the IFRS 9 regime managers also use their accounting discretion more aggressively over LLP estimates to smooth earnings. I then investigate whether IFRS 9 improves the relevance of LLPs for credit default swap (CDS) pricing. I report that LLPs under IFRS 9 are incrementally more relevant than under IAS 39 for CDS pricing but mostly concentrated amongst banks with weaker pre-IFRS 9 information environments. I further show that under the IFRS 9 regime, LLPs are relevant for CDS pricing only when LLPs consistently reflect future expected losses while earnings smoothing via LLP generally impair the credit-risk relevance of LLPs. Finally, I find that strong governance is imperative for providing useful LLP estimates for CDS pricing." @default.
• W3189553731 created "2021-08-16" @default.
• W3189553731 creator A5020026613 @default.
• W3189553731 date "2021-08-04" @default.
• W3189553731 modified "2023-10-06" @default.
• W3189553731 title "The Credit-Risk Relevance of Loan Impairments Under IFRS 9 for CDS Pricing: Early Evidence" @default.
• W3189553731 cites W1931615850 @default.
• W3189553731 cites W1968305975 @default.
• W3189553731 cites W1989773174 @default.
• W3189553731 cites W2005409520 @default.
• W3189553731 cites W2015366884 @default.
• W3189553731 cites W2036596347 @default.
• W3189553731 cites W2041338467 @default.
• W3189553731 cites W2051698636 @default.
• W3189553731 cites W2065062632 @default.
• W3189553731 cites W2081241058 @default.
• W3189553731 cites W2100281146 @default.
• W3189553731 cites W2117597961 @default.
• W3189553731 cites W2118891973 @default.
• W3189553731 cites W2134246329 @default.
• W3189553731 cites W2155986724 @default.
• W3189553731 cites W2158587943 @default.
• W3189553731 cites W2294545474 @default.
• W3189553731 cites W2464146280 @default.
• W3189553731 cites W2487110842 @default.
• W3189553731 cites W2507703384 @default.
• W3189553731 cites W2526977554 @default.
• W3189553731 cites W254459549 @default.
• W3189553731 cites W2801760818 @default.
• W3189553731 cites W2809819810 @default.
• W3189553731 cites W2811109164 @default.
• W3189553731 cites W2901505444 @default.
• W3189553731 cites W2910551846 @default.
• W3189553731 cites W2999329725 @default.
• W3189553731 cites W3121647716 @default.
• W3189553731 cites W3121649736 @default.
• W3189553731 cites W3121650084 @default.
• W3189553731 cites W3121699129 @default.
• W3189553731 cites W3121769053 @default.
• W3189553731 cites W3121960266 @default.
• W3189553731 cites W3122176856 @default.
• W3189553731 cites W3122451866 @default.
• W3189553731 cites W3122453720 @default.
• W3189553731 cites W3122553588 @default.
• W3189553731 cites W3122881921 @default.
• W3189553731 cites W3123107454 @default.
• W3189553731 cites W3123275754 @default.
• W3189553731 cites W3123349974 @default.
• W3189553731 cites W3123824086 @default.
• W3189553731 cites W3124057053 @default.
• W3189553731 cites W3124125555 @default.
• W3189553731 cites W3124277176 @default.
• W3189553731 cites W3124482898 @default.
• W3189553731 cites W3124658167 @default.
• W3189553731 cites W3125341045 @default.
• W3189553731 cites W3125714376 @default.
• W3189553731 cites W3125744792 @default.
• W3189553731 cites W3129006265 @default.
• W3189553731 cites W3131668225 @default.
• W3189553731 cites W3198523620 @default.
• W3189553731 doi "https://doi.org/10.1080/09638180.2021.1956985" @default.
• W3189553731 hasPublicationYear "2021" @default.
• W3189553731 type Work @default.
• W3189553731 sameAs 3189553731 @default.
• W3189553731 citedByCount "14" @default.
• W3189553731 countsByYear W31895537312022 @default.
• W3189553731 countsByYear W31895537312023 @default.
• W3189553731 crossrefType "journal-article" @default.
• W3189553731 hasAuthorship W3189553731A5020026613 @default.
• W3189553731 hasConcept C10138342 @default.
• W3189553731 hasConcept C121955636 @default.
• W3189553731 hasConcept C144133560 @default.
• W3189553731 hasConcept C162118730 @default.
• W3189553731 hasConcept C162324750 @default.
• W3189553731 hasConcept C17744445 @default.
• W3189553731 hasConcept C178350159 @default.
• W3189553731 hasConcept C199539241 @default.
• W3189553731 hasConcept C2777632292 @default.
• W3189553731 hasConcept C2777764128 @default.
• W3189553731 hasConcept C2778587509 @default.
• W3189553731 hasConcept C30589699 @default.
• W3189553731 hasConceptScore W3189553731C10138342 @default.
• W3189553731 hasConceptScore W3189553731C121955636 @default.
• W3189553731 hasConceptScore W3189553731C144133560 @default.
• W3189553731 hasConceptScore W3189553731C162118730 @default.
• W3189553731 hasConceptScore W3189553731C162324750 @default.
• W3189553731 hasConceptScore W3189553731C17744445 @default.
• W3189553731 hasConceptScore W3189553731C178350159 @default.
• W3189553731 hasConceptScore W3189553731C199539241 @default.
• W3189553731 hasConceptScore W3189553731C2777632292 @default.
• W3189553731 hasConceptScore W3189553731C2777764128 @default.
• W3189553731 hasConceptScore W3189553731C2778587509 @default.
• W3189553731 hasConceptScore W3189553731C30589699 @default.
• W3189553731 hasFunder F4320310137 @default.
• W3189553731 hasIssue "5" @default.
• W3189553731 hasLocation W31895537311 @default.
• W3189553731 hasOpenAccess W3189553731 @default.
• W3189553731 hasPrimaryLocation W31895537311 @default.

• next