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dc.contributor.authorBornemann, Svenen
dc.contributor.authorKick, Thomasen
dc.contributor.authorMemmel, Christophen
dc.contributor.authorPfingsten, Andreasen
dc.date.accessioned2011-01-14-
dc.date.accessioned2011-01-31T15:25:41Z-
dc.date.available2011-01-31T15:25:41Z-
dc.date.issued2010-
dc.identifier.isbn978-3-86558-669-8en
dc.identifier.urihttp://hdl.handle.net/10419/43885-
dc.description.abstractSection 340f of the German Commercial Code allows banks to provision against the special risks inherent to the banking business by building hidden reserves. Beyond risk provisioning, these reserves are implicitly accepted as an earnings management device. By analyzing financial statements of German banks for the period 1995 through 2009, we see these hidden reserves being used to (1) avoid a negative net income, (2) avoid a drop in net income compared to the previous year, (3) avoid a shortfall in net income compared to a peer group, and (4) reduce the variability of banks' net income over time. We (5) find a diminished relevance of avoiding a drop in net income as well as a shortfall relative to the peer group during the financial crisis. Finally, we are (6) unable to confirm any differences in the relevance of hidden reserves for earnings management between listed and non-listed banks.en
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 2 |x2010,13en
dc.subject.jelC23en
dc.subject.jelG21en
dc.subject.jelM41en
dc.subject.ddc330en
dc.subject.keywordEarnings managementen
dc.subject.keywordIncome smoothingen
dc.subject.keywordHidden reservesen
dc.subject.keywordProspect theoryen
dc.subject.keywordFinancial institutionen
dc.subject.stwBanken
dc.subject.stwBilanzpolitiken
dc.subject.stwStille Reserveen
dc.subject.stwProspect Theoryen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleAre banks using hidden reserves to beat earnings benchmarks? Evidence from Germany-
dc.typeWorking Paperen
dc.identifier.ppn643976094en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp2:201013en

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