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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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The Role of Banks in the Transmission of Monetary Policy in the Baltics
Köhler, Matthias; Hommel, Judith; Grote, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006
transmission channels through which monetary policy shocks are transmitted is particularly important for the European Central Bank … that makes monetary policy in an enlarged European Monetary Union. The paper focuses on the bank lending channel of …, liquidity and ownership structure. The results indicate that a bank lending channel is present in the Baltic States and mainly …
Persistent link: https://www.econbiz.de/10005098004
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Politicians' promotion incentives and bank risk exposure in China
Wang, Li; Menkhoff, Lukas; Schröder, Michael; Xu, Xian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2015
This paper shows that politicians' pressure to climb the career ladder increases bank risk exposure in their region …-financed programs which are mainly financed via bank loans. The stronger the performance incentive the riskier the respective local bank …
Persistent link: https://www.econbiz.de/10011269120
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From soft and hard-nosed bankers: bank lending strategies and the survival of financially distressed firms
Höwer, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...
Persistent link: https://www.econbiz.de/10008533682
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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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Do private equity owners increase risk of financial distress and bankruptcy?
Tykvová, Tereza; Borell, Mariela - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
There is some controversy on the key sources of success in the private equity model and on how this business model affects the portfolio companies. We investigate financial distress risks of European companies around the buyout event in the period between 2000 and 2008. In addition, we analyze...
Persistent link: https://www.econbiz.de/10009646600
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Zur Rolle von Beteiligungskapitalgebern in ihren Portfoliounternehmen: Eine ökonometrische Analyse
Engel, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
Der deutsche Markt für Beteiligungskapital ist ein vergleichsweise junger Markt, so dass nur wenig Wissen bezüglich der Qualität der von den VCG geleisteten Managementunterstützung besteht. Ziel der Studie ist es, den Beitrag der VCG zum Wachstum und Überleben ihrer Portfoliounternehmen...
Persistent link: https://www.econbiz.de/10005097713
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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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Success breeds success locally: a tale of incubator firms
Inci, Eren - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006
This paper focuses on the pre-establishment period of start-ups in industrial districts. The industrial architecture is what I call a "rationed agglomeration" in which some entrepreneurs gather around an established firm while other entrepreneurs in the same business stand alone. In a rationed...
Persistent link: https://www.econbiz.de/10005098286
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How does the domiciliation decision affect mutual fund fees?
Lang, Gunnar; Köhler, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
In this paper, we analyze whether the domiciliation decision of mutual funds has an impact on fund fees. To explain the fee price-setting of mutual funds, we consider characteristics specific to funds, fund companies, and countries. We find that fees vary considerably across fund types and...
Persistent link: https://www.econbiz.de/10010985715