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The Economic Impact of Venture Capital
van Pottelsberghe de la Potterie, Bruno; Romain, Astrid - Deutsche Bundesbank - 2004
main channels: innovation and absorptive capacity. The quantitative results, based on a panel of 16 OECD countries from …
Persistent link: https://www.econbiz.de/10005083275
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Going multinational: What are the effects on home market performance?
Jäckle, Robert - Deutsche Bundesbank - 2006
productivity and wage growth are higher for newly founded MNEs than for national rms. Employment growth is superior before …
Persistent link: https://www.econbiz.de/10005083282
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Modelling and measuring business risk and the resiliency of retail banks
Chaffai, Mohamed; Dietsch, Michel - Deutsche Bundesbank - 2013
The recent banking crisis has revealed the existence of strong resiliency factors in the retail banking business model. On average, retail banks suffered less than other financial institutions from unexpected market changes. This paper proposes a new methodology to measure retail banks' business...
Persistent link: https://www.econbiz.de/10010957105
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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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The effects of privatization and consolidation on bank productivity: comparative evidence from Italy and Germany
Fiorentino, Elisabetta; Vincenzo, Alessio De; Heid, Frank; … - Deutsche Bundesbank - 2009
activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change … and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if they … subsequently merged with other banks. German banks were still able to increase their productivity through consolidation. …
Persistent link: https://www.econbiz.de/10005082778
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Stochastic frontier analysis by means of maximum likelihood and the method of moments
Behr, Andreas; Tente, Sebastian - Deutsche Bundesbank - 2008
The stochastic frontier analysis (Aigner et al., 1977, Meeusen and van de Broeck, 1977) is widely used to estimate individual efficiency scores. The basic idea lies in the introduction of an additive error term consisting of a noise and an inefficiency term. Most often the assumption of a...
Persistent link: https://www.econbiz.de/10005082812
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Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values
Bellgardt, Egon; Behr, Andreas - Deutsche Bundesbank - 2002
börsennotierte Unternehmen, die in Deutschland eindeutig dominieren. Eine zentrale Größe der Analyse des Investitionsverhaltens auf …
Persistent link: https://www.econbiz.de/10005083058
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Exploring the role of uncertainty for corporate investment decisions in Germany
von Kalckreuth, Ulf - Deutsche Bundesbank - 2000
The impact of uncertainty on firms? investment outlays is subject to an ongoing debate. Theory identifies several channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and investment likely. On the other hand, the ability of firms to...
Persistent link: https://www.econbiz.de/10005083086
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Exports versus FDI in German manufacturing: firm performance and participation in international markets
Arnold, Jens Matthias; Hussinger, Katrin - Deutsche Bundesbank - 2006
patterns of firms within the same sector. Helpman, Melitz and Yeaple (2005) develop a model in which innate productivity … allows us to compare productivity over the entire distribution. Our results show robust support for the prediction from …
Persistent link: https://www.econbiz.de/10005083169
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Financing constraints, firm level adjustment of capital and aggregate implications
von Kalckreuth, Ulf - Deutsche Bundesbank - 2008
Following a positive shock, financing constraints will prolong or impede economic expansion that would have been optimal in an unconstrained environment. The study of dynamic adjustment therefore offers a direct way of verifying the presence of financing constraints and assessing their...
Persistent link: https://www.econbiz.de/10005083281