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Does it pay to have friends? Social ties and executive appointments in banking

Berger, Allen N.; Kick, Thomas; Koetter, Michael; … - Deutsche Bundesbank - 2011

effects, we find weak evidence that social ties are associated with reduced profitability. …

Persistent link: https://www.econbiz.de/10010954916

The stability of efficiency rankings when risk-preferences and objectives are different

Koetter, Michael - Deutsche Bundesbank - 2006

traditional efficiency scores with stochastic cost and alternative profit frontier analysis. Then, we explicitly allow for … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … than profit efficiency. More importantly, rankorder correlation between these measures are low or even negative. This …

Persistent link: https://www.econbiz.de/10005082781

Efficient, profitable and safe banking: an oxymoron? Evidence from a panel VAR approach

Koetter, Michael; Porath, Daniel - Deutsche Bundesbank - 2007

that the long-run impact of profit efficiency on risk is larger than for cost efficiency. However, cost efficiency impacts … impact on profits than profit efficiency. …

Persistent link: https://www.econbiz.de/10005082751

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

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

Executive board composition and bank risk taking

Berger, Allen N.; Kick, Thomas; Schaeck, Klaus - Deutsche Bundesbank - 2012

Little is known about how socioeconomic characteristics of executive teams affect corporate governance in banking. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of financial institutions. First, we establish that age,...

Persistent link: https://www.econbiz.de/10010957149

The success of bank mergers revisited: an assessment based on a matching strategy

Heid, Frank; Behr, Andreas - Deutsche Bundesbank - 2008

The question of whether or not mergers and acquisitions have helped to enhance banks' efficiency and profitability has … problems involved. In this study, we analyze the effect of German bank mergers in the period 1995-2000 on banks' profitability … predominantly under-performing banks engage in mergers. Our results indicate a neutral effect of mergers on profitability and a …

Persistent link: https://www.econbiz.de/10005082764

Evaluating the German bank merger wave

Koetter, Michael - Deutsche Bundesbank - 2005

German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous matter of debate. In this paper we suggest a taxonomy as how to evaluate post-merger performance on the basis of cost efficiency (CE). We categorise mergers a success that...

Persistent link: https://www.econbiz.de/10005082779

Inefficient or just different? Effects of heterogeneity on bank efficiency scores

Bos, Jaap W. B.; Heid, Frank; Koetter, Michael; Kolari, … - Deutsche Bundesbank - 2005

In this paper, we show the importance of accounting for heterogeneity among sample firms in stochastic frontier analysis. For a fairly homogenous sample of German savings and cooperative banks, we analyze how alternative theoretical assumptions regarding the nature of heterogeneity can be...

Persistent link: https://www.econbiz.de/10005082784

Accounting for distress in bank mergers

Koetter, Michael; Bos, Jaap W. B.; Heid, Frank; Kool, … - Deutsche Bundesbank - 2005

The inability of most bank merger studies to control for hidden bailouts may lead to biased results. In this study, we employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the regulatory intervention history to distinguish between...

Persistent link: https://www.econbiz.de/10005082798