A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2012; you can also visit the original URL.
The file type is
We empirically examine whether the way a bank might use loan loss provisions to smooth its income, potentially in order to obscure its risk taking, is in ‡uenced by its ownership structure. Using a panel of European commercial banks, we ...nd evidence of such behavior for banks with a high level of ownership concentration. This behavior is less pronounced in countries with stronger supervisory regimes, but independent of the type of the majority shareholder. Banks with a low level of ownershipdoi:10.2139/ssrn.2133345 fatcat:bme2ltdu2ze4hd7pu4dnxd2yza