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Corporate governance and current regulation in the German banking sector: an overview and assessment
Köhler, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
This paper gives an overview over corporate governance and banking regulation in Germany. Particular attention is put … for stock corporations. Recent empirical evidence, moreover, suggests that bank shareholders pushed for greater risk …-taking and not managers. This contrast with public view that the bank managers are pushed by aggressive remunerations schemes to …
Persistent link: https://www.econbiz.de/10008494187
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Integrated Financial Supervision in Germany
Schüler, Martin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
With the establishment of the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in May 2002 Germany followed the trend towards integrated financial supervision. The main reason for unification of supervision is the growing integration of financial sectors leading to the blurring of...
Persistent link: https://www.econbiz.de/10005097808
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Lessons of the financial crisis for the attractiveness of European financial centers
Lang, Gunnar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
This paper analyses fundamental location factors for the financial industry by investigating the economic significance of market participants' assessments of location factors and country-specific characteristics over time. A unique data set allows studying the locational attractiveness of...
Persistent link: https://www.econbiz.de/10010957648
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Blockholdings and corporate governance in the EU banking sector
Köhler, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
Ownership structures widely differ across the EU. While large blockholdings dominate in the banking sector in Continental Europe, ownership is widely dispersed in the United Kingdom. These differences have consequences for corporate governance in the EU banking sector. This paper analyzes the...
Persistent link: https://www.econbiz.de/10008533672
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Blockholdings and Corporate Governance in the EU Banking Sector
Köhler, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
Ownership structures widely differ across the EU. While large blockholdings dominate in the banking sector in Continental Europe, ownership is widely dispersed in the United Kingdom. These differences have consequences for corporate governance in the EU banking sector. This paper analyzes the...
Persistent link: https://www.econbiz.de/10005098047
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Incentive Problems in Banking Supervision: The European Case
Schüler, Martin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003
This paper discusses the incentive conflicts that arise in banking supervision in the EU in a principal-agent framework, where the regulator is the agent and the taxpayers is the principal. The regulatory agent in addition to maintaining financial stability (the objective of the principal) may...
Persistent link: https://www.econbiz.de/10005097935
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What drives the demand of monetary financial institutions for domestic government bonds? Empirical evidence on the impact of Basel II and Basel III
Lang, Michael; Schröder, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
regulation on the demand of Monetary Financial Institutions (MFI) for marketable sovereign debt. Our results suggest that bank …This paper examines the treatment of sovereign debt exposure within the Basel framework and measures the impact of bank … regulation has a significant positive impact on MFI demand for domestic government securities. The results are representative for …
Persistent link: https://www.econbiz.de/10011122561
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The Determinants of Capital Structure: Some Evidence from Banks
Heider, Florian; Gropp, Reint - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
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
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How Do Banks Determine Capital? Empirical Evidence for Germany
Weber, Martin; Kleff, Volker - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003
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
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Corporate main bank decision
Höwer, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
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