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Religiosity and Earnings Management: International Evidence from the Banking Industry

Journal of business ethics, 2015-12, Vol.132 (2), p.277-296 [Peer Reviewed Journal]

Springer Science+Business Media 2015 ;Springer Science+Business Media Dordrecht 2014 ;Springer Science+Business Media Dordrecht 2015 ;ISSN: 0167-4544 ;EISSN: 1573-0697 ;DOI: 10.1007/s10551-014-2310-9 ;CODEN: JBUEDJ

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  • Title:
    Religiosity and Earnings Management: International Evidence from the Banking Industry
  • Author: Kanagaretnam, Kiridaran ; Lobo, Gerald J. ; Wang, Chong
  • Subjects: Bank earnings ; Banking ; Banking industry ; Business and Management ; Business Ethics ; Cash flow ; Culture ; Deterrence ; Earnings management ; Education ; Ethics ; Expectations ; Income ; Management ; Morality ; Philosophy ; Probability ; Quality of Life Research ; Regulatory agencies ; Religion ; Religiosity ; Risk ; Studies
  • Is Part Of: Journal of business ethics, 2015-12, Vol.132 (2), p.277-296
  • Description: Using an international sample of banks, we study how differences in religiosity across countries affect earnings management. Given that religiosity is a major source of morality and ethical behavior, it may reduce excessive risk taking and act as deterrence for earnings manipulations. Therefore, we predict lower earnings management in societies that have higher religiosity. Consistent with expectations, our cross-country analysis indicates that religiosity is negatively related to income-increasing earnings management for loss-avoidance and just-meeting-or-beating prior year's earnings. We also find that religiosity reduces income-increasing earnings management through abnormal loan loss provisions. In additional tests, we document that religiosity increases the information value of bank earnings, with both earnings persistence and cash flow predictability being enhanced by higher religiosity. For the crisis period analysis (i.e., 2007–2009), our evidence shows that banks in countries with higher religiosity exhibit lower probability of reporting asset deterioration and lower probability of having poor performance.
  • Publisher: Dordrecht: Springer
  • Language: English
  • Identifier: ISSN: 0167-4544
    EISSN: 1573-0697
    DOI: 10.1007/s10551-014-2310-9
    CODEN: JBUEDJ
  • Source: ProQuest One Psychology
    ProQuest Central
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