Bornemann, Sven; Kick, Thomas; Memmel, Christoph; … - 2010
management between listed and non-listed banks. -- Earnings management ; Income smoothing ; Hidden reserves ; Prospect theory … 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 …