dc.contributor.author |
Haddad, Carl Georges. |
dc.date.accessioned |
2013-10-02T09:22:26Z |
dc.date.available |
2013-10-02T09:22:26Z |
dc.date.issued |
2012 |
dc.identifier.uri |
http://hdl.handle.net/10938/9541 |
dc.description |
Project (M.A.F.E.)--American University of Beirut, Department of Economics, 2012. |
dc.description |
First Reader : Dr. Nisreen Salti, Assistant Professor, Economics--Second Reader : Dr. Yassar Nasser, Assistant Professor, Economics. |
dc.description |
Includes bibliographical references (leaves 32-33) |
dc.description.abstract |
In this study, I investigate some of the possible correlates of income smoothing. I try to find a relation between the provision for loan losses and some variables used in the related literature. I try to contribute to the literature by adding the change in stock price as a motivator for income smoothing. The volatility of a company’s stock price is not desirable by investors. This is why a change in stock price motivates firms to smooth income using loan loss provisions in order to give an image of stability. I use a sample of 79 of the largest banks listed in the New York Stock Exchange by market capitalization as of end of 2009 during the period of 1993-2009. The results show no significant relation between the change in stock price and loan loss provisions, but the other variables remain more or less consistent with the literature with a strong level of significance. |
dc.format.extent |
viii, 49 leaves ; 30 cm. |
dc.language.iso |
eng |
dc.relation.ispartof |
Theses, Dissertations, and Projects |
dc.subject.classification |
Pj:001713 AUBNO |
dc.subject.lcsh |
New York Stock Exchange. |
dc.subject.lcsh |
Banks and banking. |
dc.subject.lcsh |
Loans. |
dc.subject.lcsh |
Income. |
dc.subject.lcsh |
Stocks -- Prices. |
dc.subject.lcsh |
Regression analysis. |
dc.title |
Income smoothing in the banking industry |
dc.type |
Project |
dc.contributor.department |
American University of Beirut. Faculty of Arts and Sciences. Department of Economics. |