Abstract

GENONI, Gustavo  and  NINO, Jorge. Manipulación de resultados en la banca chilena por medio de la estimación de incobrables. El trimestre econ [online]. 2008, vol.75, n.300, pp.981-1016.  Epub Nov 20, 2020. ISSN 2448-718X.

Previous research has showed that companies are tempted to manipulate their reported accounting earnings in order to obliterate small negative variations in these earnings. Through our analysis of Chilean banks we find results that are inline with those of the previous research. Indeed, we find that Chilean banks tend to smooth their reported earnings by taking advantage of the Discretion with which the banks are allowed to estimate their provisions for bad and dubious loans. During the time period covered by our sample, banking regulations were changed in order to reduce the discretionary character of the estimation of the provisions for bad and dubious loans. However, we find that this regulatory change did not eliminate earnings smoothing in Chilean banks.

Keywords : manipulación de resultados contables; devengado discrecional; incentivos.

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