Earnings mangement in the Australian banking industry : 1988 to 1993 / by Andrew F. Tuch.

Tuch, Andrew F. (1994). Earnings mangement in the Australian banking industry : 1988 to 1993 / by Andrew F. Tuch. Master's Thesis, School of Business, The University of Queensland.

       
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Author Tuch, Andrew F.
Thesis Title Earnings mangement in the Australian banking industry : 1988 to 1993 / by Andrew F. Tuch.
School, Centre or Institute School of Business
Institution The University of Queensland
Publication date 1994
Thesis type Master's Thesis
Total pages 116
Language eng
Subjects 14 Economics
15 Commerce, Management, Tourism and Services
Formatted abstract This thesis tests the political cost hypothesis in the Australian banking industry. A theory is developed which recognises the time specific nature of political sensitivity. Specifically, it is predicted that banks will be politically sensitive during periods of increasing interest rates and that this sensitivity will be manifested in the adoption of income-decreasing accruals. Significant support is found for this prediction with banks adopting more income-decreasing accruals during a period of increasing interest rates (1988 to 1989) than during a period of decreasing interest rates (1990 to 1993). Exploratory testing identifies that this political sensitivity is related to derived measures of interest rates rather than to nominal measures and suggests that banks attribute some degree of sophistication to parties in the political process. This is the first study to find evidence of the political cost hypothesis applying to the Australian banking industry.

 
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Created: Tue, 16 Nov 2010, 15:40:30 EST by Mr Kevin Liang on behalf of The University of Queensland Library