The German Commercial Code (HGB) allows banks to build visible reserves for general banking risks according to section 340g HGB. These GBR reserves may, in addition to their risk provisioning function, be used to enhance capital endowment, for internal financing, signaling or earnings management...

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...

Mit der Bereitstellung des Mikrozensus als Paneldatensatz sind erstmals Längsschnittanalysen durchführbar, die eine Untersuchung der Lebens- und Arbeitssituation von Personen über mehrere Jahre hinweg erlauben. Aufgrund der gesetzlich verpflichtenden Teilnahme an der Erhebung ist der...

In the field of mergers and acquisitions, German and international tax law allow for several opportunities to step up a firm's assets, i.e., to revaluate the assets at fair market values. When a step-up is performed the taxpayer recognizes a taxable gain, but also obtains tax benefits in the...