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In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the … manager-controlled banks. The results are robust to controlling for a wide variety of bank specific, country specific …, regulatory and legal variables. Regulation does not seem to mitigate risk taking by bank owners. We find no evidence that profit …
Persistent link: https://www.econbiz.de/10008518270
Eine der herausragenden Entwicklungen auf den internationalen Finanzmarkten in den letzten Jahren ist die Institutionalisierung, d. h. die zunehmende Delegation privater Ersparnisse an professionelle Kapitalanleger - den institutionellen Investoren. Darunter sind private...
Persistent link: https://www.econbiz.de/10008614872
compensation. This therefore makes bank financing more attractive. We find that SNWI increases both the demand for new bank loans …
Persistent link: https://www.econbiz.de/10008533678
compensation. This therefore makes bank financing more attractive. We find that SNWI increases both the demand for new bank loans …
Persistent link: https://www.econbiz.de/10005098090
This paper empirically analyses whether both personal and corporate taxation have an impact on companies' capital structure decisions. We investigate the effect of the difference in taxation of debt and equity financing on capital structures. Our empirical results, based on a comprehensive panel...
Persistent link: https://www.econbiz.de/10005098264
required as compensation. This makes bank financing more attractive. We find that SNWI increases the demand for new bank loans …
Persistent link: https://www.econbiz.de/10005098422
banks with foreign affiliates for the years 2002-2011, we study bank internationalization before and during the crisis. Our …
Persistent link: https://www.econbiz.de/10010985662
Do firms select their main bank relationship according to their risk or risk preferences? Relationship banking is … may not want to bear the additional costs. I employ a nested logit model to study the determinants of the main bank … relationship decision by newly established German firms. I find that firms that ask for bank support in case of financial distress …
Persistent link: https://www.econbiz.de/10010985659
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 previous empirical literature hold for the special German banking sector with its three characteristic banking groups of savings banks, cooperative banks and other banks. On the basis...
Persistent link: https://www.econbiz.de/10005098092