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Softening competition by enhancing entry : an example from the banking industry
Bouckaert, Jan; Degryse, Hans - 2002
We show that competing firms relax overall competition by lowering future barriers to entry. We illustrate our findings …-period profits. This dampens competition for serving the first-period market. …
Persistent link: https://www.econbiz.de/10011541031
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Personal communication in a Fintech World : evidence from loan payments
Laudenbach, Christine; Pirschel, Jenny; Siegel, Stephan - 2018
We examine the effect of personal, two-way communication on the behavior of borrowers, who have fallen behind on their consumer loan payments. While the lender has informed all borrowers about the delinquency through an automatically generated letter, some borrowers also receive a phone call...
Persistent link: https://www.econbiz.de/10011924549
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Team production in competitive labor markets with adverse selection
Siemens, Ferdinand von; Kosfeld, Michael - 2014
Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team's performance and therefore on their colleagues' productivity. We study the...
Persistent link: https://www.econbiz.de/10010245995
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Determinants of financial inclusion of urban poor in India : an empirical analysis
Bapat, Dhananjay; Bhattacharyay, Biswanath - 2016
Financial inclusion is crucial for the inclusive and sustainable economic growth of developing countries. Access to financial services to all citizens, particularly to low income and poor people is a key to promote inclusive growth. While rural financial inclusion assumes importance from policy...
Persistent link: https://www.econbiz.de/10011541050
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Institutional reform and depositors' portfolio choice : evidence from censored quantile regressions ; conference paper
Berlemann, Michael; Luik, Marc-André - 2014
The determinants of portfolio choice have been studied extensively in the field of household finance. In this paper we study the determinants of the decision to hold risky assets based on a novel dataset of German bank data. Our primary focus is the question whether East Germans differ in their...
Persistent link: https://www.econbiz.de/10010481348
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Robo-advising
D'Acunto, Francesco; Rossi, Alberto - 2020
In this chapter, we first discuss the limitations of traditional financial advice, which led to the emergence of robo-advising. We then describe the main features of robo-advising and propose a taxonomy of robo-advisors based on four defining dimensions - personalization, discretion,...
Persistent link: https://www.econbiz.de/10012200345
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Perceived precautionary savings motives : evidence from FinTech
D'Acunto, Francesco; Rauter, Thomas; Scheuch, Christoph; … - 2020
We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...
Persistent link: https://www.econbiz.de/10012171775
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Asset level heterogeneity, competition and export incentives : the role of credit rationing
Marjit, Sugata; Ray, Moushakhi - 2020
through asset building. The theoretical and empirical results indicate that an increase in the initial level of competition … implies greater export incentive. However, over the life cycle of a firm, the role of competition is impacted by the intensity … of capital accumulation and the initial level of wealth. Greater local competition before the entry of firms in the …
Persistent link: https://www.econbiz.de/10012199980
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Government guarantees and bank risk taking incentives
Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value. This removal was announced in 2001, but...
Persistent link: https://www.econbiz.de/10010257239
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Incentive pay and bank risk-taking : evidence from Austrian, German, and Swiss banks
Efing, Matthias; Hau, Harald; Kampkötter, Patrick; … - 2014
We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify incentive pay in the critical banking segments of treasury/capital market management and investment banking for 66 banks. We document an economically significant correlation of...
Persistent link: https://www.econbiz.de/10010412865