Bornemann, Sven; Kick, Thomas; Memmel, Christoph; … - Deutsche Bundesbank - 2010
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 … financial crisis. Finally, we are (6) unable to confirm any differences in the relevance of hidden reserves for earnings …