Staff Working Papers

Working Paper 03-6: Earnings Management During Distinct Periods of Capital Demand – Evidence from Japanese Banks

Author(s): Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu, and S. Ghon Rhee

Abstract: ​This paper investigates Japanese banks’ lending and earnings management behavior during three distinct periods of capital demand: (1) high-growth era (1985-1989); (2) financial distress period (1990-1994); and (3) banking crisis period (1995-1999).