Size as a Motive for Bank Window Dressing: Evidence from an Emerging Economy
摘要
By analyzing aggregate data on the balance sheet of Kuwaiti commercial banks over the period 1993–2017. We obtain results indicating that Kuwaiti commercial banks indulge in upward window dressing financed by borrowing. By extracting the seasonal components of four assets and liabilities items and isolating the December and January seasonals, we observe patterns of behavior that are consistent with upward window dressing aimed at boosting size.