Bank income smoothing behaviours under expansionary and recessionary economic environments: New evidence using micro‐data sample
Eleftherios Aggelopoulos,
Theofanis Papageorgiou,
Melpo Iakovidou
et al.
Abstract:The income smoothing (IS) literature connected with changes in the external environment provides unclear results whether this phenomenon occurs in expansion or in crisis. Given that a substantial amount of credit risk is generated in retail banking, this study exploits a large number of micro‐loan portfolio level data of a systemic Greek bank and examines, for the first time, the IS behaviour at the retail banking level, contrasting the expansion period (2006–2008) with the financial crisis period (2009–2011).… Show more
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