Sarbanes-Oxley和Dodd-Frank法案对美国银行贷款损失准备金的影响

IF 0.3 Q4 BUSINESS, FINANCE
Gregory Mckee, A. Kagan
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引用次数: 0

摘要

通过了2002年的《萨班斯-奥克斯利法案》(SOX)和2010年的《多德-弗兰克华尔街改革和消费者保护法案》(DFA),以解决公司内部控制环境中的薄弱环节。这些法案的要素通过减少与借款人的信息不对称来减少金融机构的风险行为。管理金融机构收益质量的一个重要因素是损失准备金,这是为未收回的贷款和租赁付款留出的年度费用。这些法案以不同的方式影响损失准备金支出水平的选择。使用1998年至2017年间观察到的社区银行财务信息数据集,结果表明,银行在损失准备金支出方面经历了SOX和DFA之间的互补效应。改善治理程序以制定对不良贷款的政策反应,可以减少支出,而减少信息不对称往往会增强道德风险效应。这些结果表明,在SOX和DFA监管环境下,对企业增长、收入、资本和贷款专业化的激励使贷款风险管理过程复杂化。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The Impact of Sarbanes–Oxley and Dodd–Frank Legislation on Loan Loss Provisioning in US Banks
The Sarbanes–Oxley Act (SOX) of 2002 and the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act (DFA) were passed to address weaknesses in the internal control environment of the firm. Elements of these Acts reduce risky behavior of financial institutions by reducing informational asymmetry with borrowers. An important element of managing earnings quality in financial institutions is the loss provision, an annual expense set aside for uncollected loan and lease payments. These Acts affect the selection of loss provision expense levels in distinct ways. Using a dataset of community bank financial information observed between 1998 and 2017, it is shown that banks experience a complementary effect between SOX and DFA on loss provision expenses. Improved governance procedures to establish policy responses to nonperforming loans result in reduced expenses, whereas reduced information asymmetry tends to enhance a moral hazard effect. These results show that incentives for firm growth, income, capital, and loan specialization under the SOX and DFA regulatory environments complicate the loan risk management process.
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来源期刊
CiteScore
1.30
自引率
11.10%
发文量
36
期刊介绍: This journal concentrates on global interdisciplinary research in finance, economics and accounting. The major topics include: 1. Business, economic and financial relations among the Pacific rim countries. 2. Financial markets and industries. 3. Options and futures markets of the United States and other Pacific rim countries. 4. International accounting issues related to U.S. companies investing in Pacific rim countries. 5. The issue of and strategy for developing Tokyo, Taipei, Shanghai, Sydney, Seoul, Hong Kong, Singapore, Kuala Lumpur, Bangkok, Jakarta, and Manila as international or regional financial centers. 6. Global monetary and foreign exchange policy, and 7. Other high quality interdisciplinary research in global accounting, business, economics and finance.
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