Assessing the discriminative power of rating systems is an important question to banks and to regulators. In this article we analyze the Cumulative Accuracy Profile (CAP) and the Receiver Operating Characteristic (ROC) which are both commonly used in practice. We give a test-theoretic...

This paper describes the first thorough analysis of the interest risk of German banks on an individual bank level. We develop a new method that is based on time series of accountingbased data to quantify the interest risk of banks and apply it to analyze the German banking system. We find...

In today's uncertain financial climate it is particularly important for entities to explain their financial performance relative to their expectations. Therefore, the paper analyzes the quality and quantity of management reporting in Germany's publicly traded MDAX and SDAX companies using a...

Die Auseinandersetzung mit Pensionsverpflichtungen gehört zu den Kontrollaufgaben des Aufsichtsrates, und bei der Ausgestaltung der betrieblichen Altersvorsorge besitzt der Betriebsrat ein gesetzliches Mitbestimmungsrecht. Als Informationsgrundlage steht Aufsichts- und Betriebsräten für die...

The business reporting standard XBRL offers the opportunity to easily extract and analyze a sufficient number of monetary items out of single annual reports for statistical analysis purposes. Using XBRL 10-K reports filed with the SEC EDGAR system, we derive first digit distributions for single...

This article examines the influence of CEO changes in large German companies manifested in their financial statements during three defined phases of the turnover process. It is shown that the conflicting results in previous research might have stemmed from not differing among turnover reasons....

Statistical analysis of financial statements has reached a high degree of sophistication. But Consolidated financial statements of a group of companies seem to be resistent against these attempts. Analysts suspect that these statements can legally be manipulated to such an extent that they...

Im Gefolge der Anpassung des deutschen an das harmonisierte europäische Recht der Konzernrechnungslegung wurden und werden Publizitätspflichtige wie Jahresabschlußinteressenten mit wesentlichen Änderungen konfrontiert. Insbesondere die einheitliche Bilanzierung und Bewertung durch die...

Entwicklung eines quantitativen Modells zur Spread-Prognose von Credit Default Swaps am Beispiel von Banken (Sina Birk) - Analyse der Blockhain-Technologie und Einsatzmöglichkeiten in der Tullius Walden Bank AG (Lara Dominique Lydia Bolesch) - Analyse der Auswirkungen negativer Zinsen auf die...