은행의 후순위감액손실을 이용한 이익조정

In this study, an earnings adjustment of a bank which utilizes a in a situation that the asset-backed securities (ABS) market has sharply risen is examined. For the study, 34 commercial banks and local banks which recognize the subordinated deduction loss from 1999 when the asset banked securitization became effective, to 2005 are analyzed. Firstly, based on the unexpected earnings, unadjusted earnings and subordinated securities, a univariate analysis by group was conducted. As the result of classifying on a basis of unexpected earnings, the group which had the low unexpected earnings showed the higher recognition amount than the group which had the high unexpected earnings differently from the expectation in relation to the subordinate deduction loss. Secondly, as the result of regression analysis for examining whether the subordinate deduction loss was utilized for the earnings adjustment, there was significant relation with the unadjusted earnings(unexpected earnings). It can be deduced that when the unadjusted earnings(unexpected earnings) are high, more subordinated deduction losses are recognized. This study is intended to enable a supervisory authority to establish a direction of regulation about the bank’s asset-backed securities-related accounting by analyzing the earnings management method of the bank which utilizes the individual item in the situation which the asset-backed securities market has been sharply growing.