Window-dressing in German interwar balance sheets
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- dc.contributor.author Spoerer, Markca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T10:49:58Z
- dc.date.available 2017-07-26T10:49:58Z
- dc.date.issued 1998-07-01
- dc.date.modified 2017-07-23T02:03:47Z
- dc.description.abstract German accounting rules value assets and liabilities asymmetrically and thus lead to grossly distorted balance sheets. In the interwar debate on a reform of disclosure regulation, financial experts considered the (undisclosed) tax balance sheet, which had to be drawn up separately for the corporate tax assessment, as a paradigm for adequate financial disclosure. However, due to tax secrecy thay were barred from analyzing tax documents. Using archival evidence, we analyze tax balance sheets from which the reliability of disclosed balance sheets of the interwar period can be assessed. It emerges that companies overstated their profits in the middand late 1920s, but grossly understated them in the Nazi economy.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=305
- dc.identifier.citation Accounting, Business & Financial History, volume 8, number 3, 351-369, November 1998
- dc.identifier.uri http://hdl.handle.net/10230/675
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 305
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword germany
- dc.subject.keyword accounting history
- dc.subject.keyword window-dressing
- dc.subject.keyword tax balance sheet
- dc.subject.keyword Finance and Accounting
- dc.title Window-dressing in German interwar balance sheetsca
- dc.type info:eu-repo/semantics/workingPaper