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Relationship Banking and SMEs: A Theoretical Analysis
Baas, Timo; Schrooten, Mechthild - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005
paper we offer a theoretical model to analyze the pricing behavior of banks in a Bertrand competition framework with …
Persistent link: https://www.econbiz.de/10005068707
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Theoretische Analyse der Gewinnsituation im deutschen Bankensektor: Kreditvergabestrategie sichert Sparkassen und Genossenschaftsbanken Vorteile
Baas, Timo; Schrooten, Mechthild - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005
Die Rendite von Sparkassen und Genossenschaftsbanken liegt in Deutschland über der von privaten Geschäftsbanken. Das vorliegende Papier bietet einen theoretischen Erklärungsansatz, der diese Renditeunterschiede auf Differenzen in der Kreditvergabestrategie zurückführt. Dieses Modell zeigt,...
Persistent link: https://www.econbiz.de/10005069081
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EU Banks Rating Assignments: Is there Heterogeneity between New and Old Member Countries?
Caporale, Guglielmo Maria; Matousek, Roman; Stewart, Chris - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
differences in financial factors, which may reflect differences in country risk and the legal and regulatory framework that banks …
Persistent link: https://www.econbiz.de/10008494125
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Macroeconomic Uncertainty and Bank Lending: The Case of Ukraine
Talavera, Oleksandr; Tsapin, Andriy; Zholud, Oleksandr - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
uncertainty. This proposition is tested using a panel of Ukrainian banks collected from NBU and covering the period 2003q1-2005q3 …. The results indicate that banks increase their lending ratios when macroeconomic uncertainty decreases. We demonstrate … that our results are robust with respect to the measurement of macroeconomic uncertainty. The reaction of banks to changes …
Persistent link: https://www.econbiz.de/10005068643
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Informed Capital in a Hostile Environment: The Case of Relational Investors in Germany
Schäfer, Dorothea; Schilder, Dirk - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
significant differences between the investors which are linked to banks and those financiers which are not. Although, the …
Persistent link: https://www.econbiz.de/10005068684
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Bank Competition and Firm Growth in the Enlarged European Union
Pellényi, Gábor; Borkó, Tamás - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
We examine the impact of bank competition and institutional factors on net firm entry in a sample of European manufacturing industries over the 1995-2006 period. Taking into account industry differences in the need for external finance, we find that bank competition helps firm entry. In...
Persistent link: https://www.econbiz.de/10005069154
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Bank Competition and Firm Growth in the Enlarged European Union
Pellényi, Gábor; Borkó, Tamás - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
We examine the impact of bank competition and institutional factors on net firm entry in a sample of European manufacturing industries over the 1995-2006 period. Taking into account industry differences in the need for external finance, we find that bank competition helps firm entry. In...
Persistent link: https://www.econbiz.de/10011128097
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Uncertainty Determinants of Corporate Liquidity
Baum, Christopher F.; Caglayan, Mustafa; Stephan, Andreas; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
This paper investigates the link between the optimal level of non-financial firms' liquid assets and uncertainty. We develop a partial equilibrium model of precautionary demand for liquid assets showing that firms alter their liquidity ratio in response to changes in either macroeconomic or...
Persistent link: https://www.econbiz.de/10004963667
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Macroeconomic Uncertainty and Firm Leverage
Baum, Christopher F.; Stephan, Andreas; Talavera, Oleksandr - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2004
This paper investigates the link between the optimal level of nonfinancial firms' leverage and macroeconomic uncertainty. We develop a structural model of a firm's value maximization problem that predicts that as macroeconomic un-certainty increases the firm will decrease its optimal level of...
Persistent link: https://www.econbiz.de/10004963696
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Merger Efficiency and Welfare Implications of Buyer Power
Bedre-Defolie, Özlem; Caprice, Stéphane - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This paper analyzes the welfare implications of buyer mergers, which are mergers between downstream firms from different markets. We focus on the interaction between the merger's effects on downstream efficiency and on buyer power in a setup where one manufacturer with a non-linear cost function...
Persistent link: https://www.econbiz.de/10009216256