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Prudential supervisors' independence and income smoothing in European banks

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Prudential supervisors' independence and income smoothing in European banks

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dc.contributor.author García Osma, Beatriz es_ES
dc.contributor.author Mora, Araceli es_ES
dc.contributor.author Porcuna-Enguix, Luis es_ES
dc.date.accessioned 2021-01-27T04:32:22Z
dc.date.available 2021-01-27T04:32:22Z
dc.date.issued 2019-05 es_ES
dc.identifier.issn 0378-4266 es_ES
dc.identifier.uri http://hdl.handle.net/10251/159982
dc.description.abstract [EN] We investigate the role of prudential supervisors' independence in affecting income smoothing behavior in European banks. Powerful national supervisors are predicted to influence the accounting practices of their supervised entities, shaping the properties of the accounting numbers they prepare. In particular, we study whether greater independence of powerful supervisors from the government and from the industry is associated with lower income smoothing. We use the mandatory adoption of a single set of accounting standards in Europe as a shock to the influence of prudential supervisors over national banks' accounting practice. Our results confirm that political and industry independence of the supervisor are important determinants of income smoothing. This suggests that independence of prudential supervisors is a desirable governance characteristic, with positive impacts on financial transparency. es_ES
dc.description.sponsorship This paper received financial support from the "Conselleria de Educacio, Cultura i Esport" from Generalitat Valenciana, under project VALi+d (Resolucion 26 de junio de 2014), CAM-Fondo Social Europeo (S2015/HUM-3417 INNCOMCON-CM), FEDER (UNC315-EE-3636), and the Spanish Ministry of Economy and Competitiveness (ECO2013-48328; ECO2013-48208-P; ECO2016-77579). es_ES
dc.language Inglés es_ES
dc.publisher Elsevier es_ES
dc.relation.ispartof Journal of Banking & Finance es_ES
dc.rights Reserva de todos los derechos es_ES
dc.subject Income smoothing es_ES
dc.subject Prudential supervisors es_ES
dc.subject Independent supervisors es_ES
dc.subject European banking industry es_ES
dc.subject IAS 39 es_ES
dc.subject Single supervisory mechanism es_ES
dc.subject.classification ECONOMIA FINANCIERA Y CONTABILIDAD es_ES
dc.title Prudential supervisors' independence and income smoothing in European banks es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.1016/j.jbankfin.2019.03.001 es_ES
dc.relation.projectID info:eu-repo/grantAgreement/CAM//S2015%2FHUM-3417/ es_ES
dc.relation.projectID info:eu-repo/grantAgreement/MINECO//UNC315-EE-3636/ES/WRDS-UC3M: Infraestructura de proceso de datos a gran escala/ es_ES
dc.relation.projectID info:eu-repo/grantAgreement/MINECO//ECO2013-48328/ es_ES
dc.relation.projectID info:eu-repo/grantAgreement/MINECO//ECO2013-48208-P/ES/CONSECUENCIAS ECONOMICAS DE LA ADOPCION DE LAS NIIF EN EUROPA: LA INFLUENCIA DE LAS DIFERENCIAS INSTITUCIONALES Y DEL CICLO ECONOMICO/ es_ES
dc.relation.projectID info:eu-repo/grantAgreement/MINECO//ECO2016-77579/ es_ES
dc.rights.accessRights Cerrado es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Economía y Ciencias Sociales - Departament d'Economia i Ciències Socials es_ES
dc.description.bibliographicCitation García Osma, B.; Mora, A.; Porcuna-Enguix, L. (2019). Prudential supervisors' independence and income smoothing in European banks. Journal of Banking & Finance. 102:156-176. https://doi.org/10.1016/j.jbankfin.2019.03.001 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion https://doi.org/10.1016/j.jbankfin.2019.03.001 es_ES
dc.description.upvformatpinicio 156 es_ES
dc.description.upvformatpfin 176 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 102 es_ES
dc.relation.pasarela S\410495 es_ES
dc.contributor.funder Comunidad de Madrid es_ES
dc.contributor.funder European Social Fund es_ES
dc.contributor.funder Generalitat Valenciana es_ES
dc.contributor.funder Ministerio de Economía y Competitividad es_ES
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