대손충당금 분류조정을 이용한 상호저축은행의 이익관리; 특별대손충당금을 중심으로 (Earnings Management of Savings Banks Using Loan Assets Classification: Focusing on Special Loan Loss Provision)

42 Pages Posted: 2 Jan 2020

See all articles by Sung Jong Park

Sung Jong Park

Anyang Normal University

Joon Hei Cheung

Daegu University

Seokhee Cho

Andong National University

Do Hoon Ki

Anyang Normal University

Date Written: December 31, 2019

Abstract

Korean Abstract: 본 연구는 상호저축은행이 특별대손충당금의 분류조정을 이용하여 이익을 조정하는지를 살펴보았다. 상호저축은행은 일반(상업)은행과 달리 고정여신에 대한 충당금을 일부 자본으로 인정받는다. 상호저축은행이 위 규정을 이용하여, 특별대손충당금의 분류조정을 통해 이익관리 및 자본관리를 수행하는지 살펴보았다. 이를 검증하기 위하여 대손충당금 전입액을 일반대손충당금과 특별대손충당금으로 구분하고 대손충당금과 대손충당금 전입 및 법인세 전 이익과의 관련성을 살펴보았다. 실증분석결과 저축은행은 이익을 유연화하기 위하여 대출자산 항목의 분류조정을 이용하는 것으로 나타났다. 구체적으로, 상호저축은행은 고정이하여신 내 분류조정을 이용하여 특별대손충당금 전입액을 조정하여 이익을 유연화하고 있다. 재무건전성이 취약한(BIS 7% 미만) 저축은행의 경우에는 특별대손충당금 전입액을 이용한 이익조정을 더 많이 하는 것으로 나타났다. 이러한 결과는 저축은행의 고정여신의 충당금을 자본으로 인정하는 현행 제도의 수정보완이 필요함을 시사한다.

English Abstract: This study examines earnings management method of savings banks which serve as representative financing institution for people with poor credit. Because regulatory and supervisory regulations of savings banks are different to those of commercial banks, managers of savings banks may reflect these characteristics in earnings management method. Especially, managers of the savings bank are expected to choose the earnings management method considering resulting costs and benefits such as effects on BIS ratio, discretion of loan assets classification, and the magnitude of earnings management. Empirical evidence indicates that savings bank discretionarily exploit classification of loans assets to smooth earnings. Specifically, managers discretionarily classify loan assets items upwards or downwards within non-performing assets. In addition, savings banks with BIS ratio lower than 7% tend to manage earnings upwards by classifying loan assets items upwards within non-performing assets to increase both net income and BIS ratio.

The results of study imply that limitation of present regulatory and supervisory rules on savings banks incurs unintended negative effects on agency problem

Note: Downloadable document is in Korean.

Keywords: 대손충당금 전입액, 대출자산, 재량적 분류, 은행업, 이익관리, banking industry, discretionary classification, earnings management, loan, loan-loss provision

JEL Classification: G21, G28, M41

Suggested Citation

Park, Sung Jong and Cheung, Joon Hei and Cho, Seokhee and Ki, Do Hoon, 대손충당금 분류조정을 이용한 상호저축은행의 이익관리; 특별대손충당금을 중심으로 (Earnings Management of Savings Banks Using Loan Assets Classification: Focusing on Special Loan Loss Provision) (December 31, 2019). Financial Stability Studies, Vol. 20, No. 2, Korea Deposit Insurance Corporation(KDIC), 2019, pp. 133-172., Available at SSRN: https://ssrn.com/abstract=3511910 or http://dx.doi.org/10.2139/ssrn.3511910

Sung Jong Park (Contact Author)

Anyang Normal University ( email )

436 Xiange Ave
Anyang, Henan 455002
China

Joon Hei Cheung

Daegu University ( email )

Jinrang, Gyeongsan, Gyeongsangbuk
Korea, Republic of (South Korea)

Seokhee Cho

Andong National University ( email )

1375 Gyeongdong-ro
Andong-si, Gyeongsangbuk-do 36729
Korea, Republic of (South Korea)

Do Hoon Ki

Anyang Normal University ( email )

436 Xiange Ave
Anyang, Henan 455002
China

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