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Secret Reserve
(redirected from Secret Reserves)

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Secret Reserve
The amount by which shareholder equity in a company exceeds the amount claimed on its financial statements. Secret reserves arise when a company overstates its liabilities or understates its assets, usually because its accounting practices depart from GAAP. In such cases, the company must declare that its accounting is different from that of most other companies. The secret reserve may eventually be converted to cash and distributed to shareholders. It is also called the hidden reserve.
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Similarly, secret reserves may inhibit potential bidders, who suspect that the sellers may have unwarranted expectations and the reserve set too high.
Reputation in an Internet auction market by McDonald, Cynthia G.; Slawson, V. Carlos, Jr. / Economic Inquiry
In a field experiment, they auction 50 matched pairs of Pokemon cards on eBay, half with secret reserves and half with equally high public minimum bids.
Conferences by NBER Reporter
44) Auction houses also use price guarantees and set secret reserves below which they will not sell the object.
Art Crime by Barrett, John A., Jr. / Journal of Criminal Law and Criminology
 
 
 
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