Bornemann, Sven; Kick, Thomas; Memmel, Christoph; … - In: Journal of Banking & Finance 36 (2012) 8, pp. 2403-2415
Section 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...
