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Regulatory capital and earnings mana...

Karaoglu, Nuri Emre.

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Regulatory capital and earnings management in banks: The case of loan sales and securitizations.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Regulatory capital and earnings management in banks: The case of loan sales and securitizations./
Author:	Karaoglu, Nuri Emre.
Description:	98 p.
Notes:	Adviser: Thomas Lys.
Contained By:	Dissertation Abstracts International63-11A.
Subject:	Business Administration, Accounting. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3071662
ISBN:	0493916369

Regulatory capital and earnings management in banks: The case of loan sales and securitizations.
Karaoglu, Nuri Emre.

Regulatory capital and earnings management in banks: The case of loan sales and securitizations. - 98 p.

Adviser: Thomas Lys.

Thesis (Ph.D.)--Northwestern University, 2002.

In this dissertation, I examine whether banks use loan securitizations in managing accounting information for regulatory purposes and whether bank managers' private information is detectable in gains from securitizations. Recent changes in the accounting for loan transfers have allowed securitizations with certain forms of retained interests to be accounted for as sales. Securitizations that are accounted for as sales affect shareholder's equity by allowing capitalization of expected future income. My analysis suggests that banks use gains from securitizations to affect both regulatory capital and earnings after controlling for other motivations to securitize loans. The gains can be attributed both to loan selection and to overvaluation of retained interests. I also find that unexpected gains from securitization contain negative news. Quarterly net income declines following unexpected gains, and unexpected gains by higher-capitalized banks are more negatively associated with excess returns than those by lower-capitalized banks.

ISBN: 0493916369Subjects--Topical Terms:

1020666
Business Administration, Accounting.

Regulatory capital and earnings management in banks: The case of loan sales and securitizations.
LDR:01951nam 2200289 a 45 001 934922
005 20110509
008 110509s2002 eng d
020 $a 0493916369
035 $a (UnM)AAI3071662
035 $a AAI3071662
040 $a UnM $c UnM
100 1 $a Karaoglu, Nuri Emre. $3 1258617
245 1 0 $a Regulatory capital and earnings management in banks: The case of loan sales and securitizations.
300 $a 98 p.
500 $a Adviser: Thomas Lys.
500 $a Source: Dissertation Abstracts International, Volume: 63-11, Section: A, page: 3999.
502 $a Thesis (Ph.D.)--Northwestern University, 2002.
520 $a In this dissertation, I examine whether banks use loan securitizations in managing accounting information for regulatory purposes and whether bank managers' private information is detectable in gains from securitizations. Recent changes in the accounting for loan transfers have allowed securitizations with certain forms of retained interests to be accounted for as sales. Securitizations that are accounted for as sales affect shareholder's equity by allowing capitalization of expected future income. My analysis suggests that banks use gains from securitizations to affect both regulatory capital and earnings after controlling for other motivations to securitize loans. The gains can be attributed both to loan selection and to overvaluation of retained interests. I also find that unexpected gains from securitization contain negative news. Quarterly net income declines following unexpected gains, and unexpected gains by higher-capitalized banks are more negatively associated with excess returns than those by lower-capitalized banks.
590 $a School code: 0163.
650 4 $a Business Administration, Accounting. $3 1020666
650 4 $a Business Administration, Banking. $3 1018458
650 4 $a Economics, Finance. $3 626650
690 $a 0272
690 $a 0508
690 $a 0770
710 2 0 $a Northwestern University. $3 1018161
773 0 $t Dissertation Abstracts International $g 63-11A.
790 $a 0163
790 1 0 $a Lys, Thomas, $e advisor
791 $a Ph.D.
792 $a 2002
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3071662