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Efficient, profitable and safe banking: an oxymoron? Evidence from a panel VAR approach
Koetter, Michael; Porath, Daniel - Deutsche Bundesbank - 2007
Efficiency is considered a key factor when evaluating a bank's performance. Moreover, efficiency enhancement is an explicit policy objective in the Single Market Directive of the European Commission. But efficiency improvements may come at the expense of deteriorating bank profits and excessive...
Persistent link: https://www.econbiz.de/10005082751
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The cost efficiency of German banks: a comparison of SFA and DEA
Koetter, Michael; Karmann, Alexander; Fiorentino, Elisabetta - Deutsche Bundesbank - 2006
We investigate the consistency of efficiency scores derived with two competing frontier methods in the financial economics literature: Stochastic Frontier and Data Envelopment Analysis. We sample 34,192 observations for all German universal banks and analyze whether efficiency measures yield...
Persistent link: https://www.econbiz.de/10005082752
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Interaction of market and credit risk: an analysis of inter-risk correlation and risk aggregation
Hillebrand, Martin; Böcker, Klaus - Deutsche Bundesbank - 2008
In this paper we investigate the interaction between a credit portfolio and another risk type, which can be thought of as market risk. Combining Merton-like factor models for credit risk with linear factor models for market risk, we analytically calculate their interrisk correlation and show how...
Persistent link: https://www.econbiz.de/10005082747
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Does diversification improve the performance of German banks? Evidence from individual bank loan portfolios
von Westernhagen, Natalja; Porath, Daniel; Hayden, Evelyn - Deutsche Bundesbank - 2006
Should banks be diversified or focused? Does diversification indeed lead to enhanced performance and, therefore … banks? profitability (ROA) and their portfolio diversification across different industries, broader economic sectors and … performance benefits associated with diversification since each type of diversification tends to reduce the banks? returns …
Persistent link: https://www.econbiz.de/10005082777
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Do banks diversify loan portfolios? A tentative answer based on individual bank loan portfolios
Kamp, Andreas; Pfingsten, Andreas; Porath, Daniel - Deutsche Bundesbank - 2005
this end we measure diversification for all German banks in the period from 1993 to 2002. As measures we use a broad set of … naive diversification across all industries or, alternatively, the economy's industry structure. With this framework our … in this context innovative group of distance measures. We find that different statistical measures of diversification may …
Persistent link: https://www.econbiz.de/10005082787
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Diversification and the banks' risk-return-characteristics: evidence from loan portfolios of German banks
Behr, Andreas; Kamp, Andreas; Memmel, Christoph; … - Deutsche Bundesbank - 2007
specialization. We use data from the Bundesbank's quarterly borrowers statistic to determine the degree of diversification in the …
Persistent link: https://www.econbiz.de/10005058999
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Do specialization benefits outweigh concentration risks in credit portfolios of German banks?
Böve, Rolf; Düllmann, Klaus; Pfingsten, Andreas - Deutsche Bundesbank - 2010
Lending specialization on certain industry sectors can have opposing effects on monitoring (including screening) abilities and on the sectoral concentration risk of a credit portfolio. In this paper, we examine in the first part if monitoring abilities of German cooperative banks and savings...
Persistent link: https://www.econbiz.de/10008764627
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Does non-interest income make banks more risky? Retail- versus investment-oriented banks
Köhler, Matthias - Deutsche Bundesbank - 2013
In this paper, we analyze the impact of banks' non-interest income share on risk in the German banking sector for the period between 2002 and 2010. Using linear and quantile regression estimators, we find that the impact of non-interest income on risk significantly differs depending on banks'...
Persistent link: https://www.econbiz.de/10010984719
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The quality of banking and regional growth
Hasan, Iftekhar; Koetter, Michael; Wedow, Michael - Deutsche Bundesbank - 2007
We test whether output growth in European economic agglomeration regions depends on financial development. To this end we suggest a relative measure of the quality of financial institutions rather than the usual quantity proxy of financial development. In order to measure the quality of...
Persistent link: https://www.econbiz.de/10005082797
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The effects of knowledge management on innovative success: an empirical analysis of German firms
Cantner, Uwe; Joel, Kristin; Schmidt, Tobias - Deutsche Bundesbank - 2009
The aim of this paper is to analyse the effects of knowledge management on the innovation success of firms in Germany. Using a matching procedure on data from the German Innovation Survey of 2003 (Mannheim Innovation Panel), we pair firms applying knowledge management with twin firms with...
Persistent link: https://www.econbiz.de/10005059020