Showing 1 - 10 of 71
large banks in the United States and Europe. We find a remarkable consistency in sign, significance and economic magnitude …. Like non-financial firms, banks appear to have stable capital structures at levels that are specific to each individual … bank. The results suggest that capital requirements may only be of second-order importance for banks? capital structures …
Persistent link: https://www.econbiz.de/10005097682
This paper examines how capital is determined by German banks. We analyse whether the determinants found in the … savings banks, cooperative banks and other banks. On the basis of a unique data set of nearly all German banks between 1992 …
Persistent link: https://www.econbiz.de/10005098092
. Transaction oriented banks are not able to attract low risk firms. …
Persistent link: https://www.econbiz.de/10010985659
wake of the financial crisis of 2007/2008. We show that owner controlled banks had higher profits in the years before the … manager-controlled banks. The results are robust to controlling for a wide variety of bank specific, country specific … shareholders may not be socially optimal in banks. …
Persistent link: https://www.econbiz.de/10008518270
This paper gives an overview over corporate governance and banking regulation in Germany. Particular attention is put on legal and regulatory changes that were made in response to the financial market crisis. The paper shows that the changes mainly focus on the remuneration of managers and on...
Persistent link: https://www.econbiz.de/10008494187
ownership structure of banks. Particular attention is put on current trends in the ownership structure of banks (e. g. sovereign … wealth funds). The paper is based on a new dataset on shareholdings in listed banks in the EU banking sector. The results …
Persistent link: https://www.econbiz.de/10008533672
ownership structure of banks. Particular attention is put on current trends in the ownership structure of banks (e. g. sovereign … wealth funds). The paper is based on a new dataset on shareholdings in listed banks in the EU banking sector. The results …
Persistent link: https://www.econbiz.de/10005098047
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10010957587
This paper presents a dynamic multi-equation model based on a balance sheet identity, where technical aspects of capital structure are highlighted through separately observing debt and equity and their relationship to investment. Additionally, leverage dynamics are interpreted in their role for...
Persistent link: https://www.econbiz.de/10009646611
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10008469765