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Demographic Change and Bank Profitability. Empirical Evidence from German Savings Banks
Berlemann, Michael; Oestmann, Marco; Thum, Marcel - CESifo - 2010
predict the development of bank profitability due to demographic shifts up to 2025. One of the main findings is that the …, allows us estimating the socio-demographic determinants of retail profitability. Using a simulation model, we are able to … the population reduces the customer base, ageing per se increases profitability as older customers typically generate …
Persistent link: https://www.econbiz.de/10008534055
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CCS - Failing to Pass Decision Gates
Emhjellen, Magne; Osmundsen, Petter - CESifo - 2014
projects and compare it to a CCS project. We find that the CCS project ranks the lowest on all profitability metrics, and is …
Persistent link: https://www.econbiz.de/10010888457
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Estimating Fluctuations in Oil and Gas Investment
Dahl, Roy Endré; Osmundsen, Petter - CESifo - 2014
Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...
Persistent link: https://www.econbiz.de/10010948869
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Petroleum Taxation and Investment Behaviour
Osmundsen, Petter; Emhjellen, Magne; Johnsen, Thore; … - CESifo - 2014
Petroleum administration can be regarded as a principal-agent problem. The government allocates exploration and production rights to petroleum companies on behalf of the population. The government is the principal and the companies are agents. With the aim of capturing revenue for the state, the...
Persistent link: https://www.econbiz.de/10010948872
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Determinants of Survival of Newly Created SMEs in the Brazilian Manufacturing: An Econometric Study
Facanha, Luis Otávio; Resende, Marcelo; Cardoso, Vicente - CESifo - 2012
The paper investigates the survival of newly created small and medium enterprises in Brazilian manufacturing taking as reference the 1996-2005 period. The econometric analysis relies on time-varying version of the proportional hazard rate model that controls for unobserved heterogeneity. The...
Persistent link: https://www.econbiz.de/10009645649
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Valuation of International Oil Companies –The RoACE Era
Osmundsen, Petter; Asche, Frank; Misund, Bård; Mohn, Klaus - CESifo - 2005
High oil prices are normally expected to stimulate exploration and the development of new oil and gas fields. But over the last few years, financial analysts have focused strongly on short-term accounting return (RoACE) for benchmarking and valuation, and this has led to high capital discipline...
Persistent link: https://www.econbiz.de/10005406311
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Divide and Privatize: Firm Break-up and Performance
Kocenda, Evžen; Hanousek, Jan - CESifo - 2011
We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996–2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...
Persistent link: https://www.econbiz.de/10009024846
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Corporate Governance Reforms, Interlocking Directorship Networks and Company Value in Italy (1998-2007)
Drago, Carlos; Millo, Francesco; Ricciuti, Roberto; … - CESifo - 2011
In this paper we contribute to the literature on the structure of interlocking directorship networks and to the literature on the relationship between corporate governance and performance. We use a unique dataset made of corporate governance variables related to the board size and interlocking...
Persistent link: https://www.econbiz.de/10008833897
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Adoption and Diffusion of Health Information Technology - The Case of Primary Care Clinics
Callaway, Brant; Ghosal, Vivek - CESifo - 2012
We empirically examine the determinants of adoption of information technology by primary healthcare clinics using a large sample of physician clinics from several States in the U.S. Ours is one of the first studies to intensively investigate primary care clinics. These clinics are important as...
Persistent link: https://www.econbiz.de/10010570052
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Spillovers from Systemic Bank Defaults
Mink, Mark; Haan, Jakob de - CESifo - 2014
bank market values hardly respond to changes in the default risk of individual systemic banks. Together, however, changes …
Persistent link: https://www.econbiz.de/10010877758