<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-718X</journal-id>
<journal-title><![CDATA[El trimestre económico]]></journal-title>
<abbrev-journal-title><![CDATA[El trimestre econ]]></abbrev-journal-title>
<issn>2448-718X</issn>
<publisher>
<publisher-name><![CDATA[Fondo de Cultura Económica]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-718X2008000400981</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Manipulación de resultados en la banca chilena por medio de la estimación de incobrables]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Genoni]]></surname>
<given-names><![CDATA[Gustavo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Niño]]></surname>
<given-names><![CDATA[Jorge]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Adolfo Ibáñez  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Chile</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2008</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2008</year>
</pub-date>
<volume>75</volume>
<numero>300</numero>
<fpage>981</fpage>
<lpage>1016</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-718X2008000400981&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-718X2008000400981&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-718X2008000400981&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: Existe abundante evidencia empírica indicativa de que las empresas manipularían la ganancia contable que informan, con el fin de ocultar pequeñas variaciones negativas en ésta. En este trabajo analizamos la posible existencia de ese comportamiento en la banca chilena e identificamos el mecanismo mediante el cual estas instituciones practicarían tal manipulación. Encontramos pruebas compatibles con la existencia de manipulación de la ganancia contable registrada, cuyo propósito es evitar mostrar una variación negativa de ésta. Esta manipulación se llevaría a cabo utilizando la discrecionalidad de la que gozan los bancos para estimar la provisión por incobrabilidad de préstamos. Durante el periodo que comprende la muestra, se produjo un cambio importante en la regulación para la banca chilena, orientado a restringir la discrecionalidad en el cálculo de dicha provisión. Nuestro análisis indica que este cambio no eliminaría el tipo de manipulación en estudio.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: Previous research has showed that companies are tempted to manipulate their reported accounting earnings in order to obliterate small negative variations in these earnings. Through our analysis of Chilean banks we find results that are inline with those of the previous research. Indeed, we find that Chilean banks tend to smooth their reported earnings by taking advantage of the Discretion with which the banks are allowed to estimate their provisions for bad and dubious loans. During the time period covered by our sample, banking regulations were changed in order to reduce the discretionary character of the estimation of the provisions for bad and dubious loans. However, we find that this regulatory change did not eliminate earnings smoothing in Chilean banks.]]></p></abstract>
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<kwd lng="es"><![CDATA[devengado discrecional]]></kwd>
<kwd lng="es"><![CDATA[incentivos]]></kwd>
</kwd-group>
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