CoCo bonds are a predestine instrument to enhance banks’ resilience as they combine the advantages of debt and equity instruments. Based on the combination thereof, CoCo bonds are counted either towards the going- (AT1) or gone-concern (T2) capital of a bank. In this paper, we empirically...

The concept of sustainable banking has developed significantly in recent years. Previous research found that corporate social responsibility reduces firm risk, yet this empirical evidence refers almost exclusively to non-financial companies and it remains unclear whether the risk-mitigating...

In light of climate change, the concept of sustainable banking has recently experienced significant development. Extant literature on sustainability finds that corporate social responsibility reduces idiosyncratic firm risk. However, it remains unclear whether the risk-reduction stems from the...

Previous research establishes the discretionary nature of Loan Loss Provisions as a prominent tool for Earnings and Capital Management in banks. However, the transition from the Incurred Credit Loss model of IAS 39 to the Expected Credit Loss model of IFRS 9 has marginalized this leeway. We...

Start-ups are seen as the leading force in dynamically growing economies. Limited financing opportunities often prevent entrepreneurs from realizing their innovative business ideas or taking growth opportunities. However, in the context of the technological revolution, a fundamental change in...

Start-ups are seen as the leading force in dynamically growing economies. Limited financing opportunities often prevent entrepreneurs from realizing their innovative business ideas or taking growth opportunities. However, in the context of the technological revolution, a fundamental change in...