LLP Income Smooth Signaling Capital Management and Pro-cyclicality

This book provides the first empirical evidence of income smoothing capital management signaling and pro-cyclical behavior through Loan Loss Provisions (LLP) for Mozambican commercial Banks during the Mozambique''s hidden public debt crisis. The sample consists of all Mozambican commercial banks observed during 2010-2016. We believe that after reading this book you will know how the Mozambican banking industry works and what is the behavior of banking managers operating in this sector.