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minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability … profitability of German banks and their capacity to lend. With a NSFR-model that is partially calibrated against reported NSFRs, we …
Persistent link: https://www.econbiz.de/10012981489
If managers maximize the payoffs of their shareholders rather than firm profits, then it may be anticompetitive for a shareholder to own competing firms. This is because a manager?s objective function may place weight on profits of competitors who are held by the same shareholder. Recent...
Persistent link: https://www.econbiz.de/10014122254
-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …
Persistent link: https://www.econbiz.de/10011578753
In recent years, the German banking sector has overcome major challenges such as the global financial crisis and the European debt crisis. This paper analyses a recent development as a particular determinant of the future outlook for the German banking sector. Interest rates are at historically...
Persistent link: https://www.econbiz.de/10012964053
Managers' incentives may conflict with those of shareholders or creditors, particularly at leveraged, opaque banks. Bankers may abuse their control rights to give themselves excessive salaries, favored access to credit, or to take excessive risks that benefit themselves at the expense of...
Persistent link: https://www.econbiz.de/10013059443
methodology developed by Amiti and Weinstein (2013) to a rich dataset of matched bank-firm loans in the Portuguese economy for the … growth rate of individual loans in our dataset is decomposed into bank, firm, industry and common shocks. Adverse bank shocks …
Persistent link: https://www.econbiz.de/10012987210
growth known from macroeconomics to identify credit booms and test our model for German bank and bankportfolio level data …
Persistent link: https://www.econbiz.de/10012988673
the security level for each bank in each period, we find that during the crisis, banks with higher trading expertise …
Persistent link: https://www.econbiz.de/10012988697
risk factors, we separate the bank-specific selection and monitoring abilities from the composition of the loan portfolio …, on average, lower loan losses, (b) the loss rate of a given industry in a bank's loan portfolio is lower if the bank has …
Persistent link: https://www.econbiz.de/10012988758
products. We find that a bank's operational efficiency is priced in bank loan rates and alters interest-setting behavior … frontier analysis to comprehensively capture cost efficiency, we take the bank customers' perspective and demonstrate the …. Specifically, we establish that a higher degree of operational efficiency leads to lower loan markups, which involve more …
Persistent link: https://www.econbiz.de/10012988811