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Demographic Change and Bank Profitability. Empirical Evidence from German Savings Banks

Berlemann, Michael; Oestmann, Marco; Thum, Marcel - CESifo - 2010

, allows us estimating the socio-demographic determinants of retail profitability. Using a simulation model, we are able to … predict the development of bank profitability due to demographic shifts up to 2025. One of the main findings is that the … the population reduces the customer base, ageing per se increases profitability as older customers typically generate …

Persistent link: https://www.econbiz.de/10008534055

Competition and Gender Prejudice: Are Discriminatory Employers Doomed to Fail?

Weber, Andrea; Zulehner, Christine - CESifo - 2009

According to Becker's (1957) famous theory on discrimination, entrepreneurs with a strong prejudice against female workers forgo profits by submitting to their tastes. In a competitive market their firms lack efficiency and are therefore forced to leave. We present new empirical evidence for...

Persistent link: https://www.econbiz.de/10008572488

Silent Interests and All-Pay Auctions

Konrad, Kai A. - CESifo - 2005

If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the all-pay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...

Persistent link: https://www.econbiz.de/10005196292

Ownership Concentration and Share Valuation: Evidence from Germany

Edwards, Jeremy; Weichenrieder, Alfons - CESifo - 1999

Concentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The...

Persistent link: https://www.econbiz.de/10005406388

Debt Financing and Sharp Currency Depreciations: Wholly vs. Partially Owned Multinational Affiliates

Hebous, Shafik; Weichenrieder, Alfons - CESifo - 2009

This paper provides empirical evidence on two potential costs of shared ownership of German affiliates abroad. First, in periods of currency crises, wholly-owned affiliates, in contrast to partially-owned affiliates, seem to circumvent financial constraints by accessing capital from their parent...

Persistent link: https://www.econbiz.de/10008572531

Growth, Foreign Direct Investment and Urban Concentrations: Unbundling Spatial Lags

Poelhekke, Steven; Ploeg, Frederick Van der - CESifo - 2008

Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...

Persistent link: https://www.econbiz.de/10005765950

The Trade and FDI Effects of EMU Enlargement

Brouwer, Jelle; Paap, Richard; Viaene, Jean-Marie - CESifo - 2007

This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the ten countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a dataset of unbalanced...

Persistent link: https://www.econbiz.de/10005406034

The Globalization Paradox Revisited

Schwerhoff, Gregor; Edenhofer, Ottmar - CESifo - 2014

According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital …. Fixed factor taxes have the potential to improve welfare by defusing the globalization trilemma through a reduction in the …

Persistent link: https://www.econbiz.de/10010877683

'Globesity'? The Effects of Globalization on Obesity and Caloric Intake

Costa-i-Font, Joan; Mas, Núria - CESifo - 2014

This study considers the effects of globalization, in its economic and social dimensions, on obesity and caloric intake … globalization and both obesity and caloric intake. A one standard deviation increase in globalization is associated with a 20 … social globalization, and specifically the effects of changes in information flows and social proximity. A one standard …

Persistent link: https://www.econbiz.de/10010948886

International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity

Belloc, Marianna; Bowles, Samuel - CESifo - 2009

Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...

Persistent link: https://www.econbiz.de/10005013942