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Memmel, Christoph; Gündüz, Yalın; Raupach, Peter - 2012

Using a unique data set on German banks' loans to the German real economy, we investigate banks' credit risk. This data set includes the volume of loans per bank and industry as well as the corresponding write-downs. Our empirical study for the period 2003-2011 yields the following results: (i)...

Persistent link: https://www.econbiz.de/10009685919

Cutting the credit line : evidence from Germany

Goldbach, Stefan; Nitsch, Volker - 2015

finance and firm activity in Germany in more detail. In particular, we explore a novel data set that matches a full sample of …

Persistent link: https://www.econbiz.de/10011308436

Banks' concentration versus diversification in the loan portfolio : new evidence from Germany

Jahn, Nadya; Memmel, Christoph; Pfingsten, Andreas - 2013

Using a unique data set on German banks' sector specific loan exposures to the real economy and the corresponding write-offs and write-downs, we examine the impact of loan portfolio sector concentration on credit risk. By controlling for common risk factors, we separate the bank-specific...

Persistent link: https://www.econbiz.de/10010233376

Competition for internal funds within multinational banks : foreign affiliate lending in the crisis

Kerl, Cornelia; Frey, Rainer - 2012

We investigate how the lending activities of a multinational bank’s affiliates located abroad are affected by funding difficulties in view of the financial crisis. For this, we consider transaction-induced changes in long-term lending to the private sector of 40 countries by the affiliates of...

Persistent link: https://www.econbiz.de/10009625687

Tax incentives and capital structure choice : evidence from Germany

Hartmann-Wendels, Thomas; Stein, Ingrid; Stöter, Alwin - 2012

This paper provides new evidence that taxes affect capital structure choice, using a unique and comprehensive panel data set which covers 86,173 German non-financial firms over the years 1973–2008. Following the Graham methodology to simulate marginal tax rates, we find a statistically and...

Persistent link: https://www.econbiz.de/10009625689

Cash holdings of German open-end equity funds : does ownership matter?

Dötz, Niko; Weth, Mark - 2013

In the light of the recent financial crisis, the discussion on the nature of runs and on the stabilizing role of liquidity holdings has intensified. This paper explores the cash management conducted by German open-end equity funds for the period between 2005 and 2010. Since ownership structures...

Persistent link: https://www.econbiz.de/10010202775

Is local bias a cross-border phenomenon? : evidence from individual investors’ international asset allocation

Baltzer, Markus; Stolper, Oscar; Walter, Andreas - 2013

Extant literature consistently documents that investors tilt their domestic equity portfolios towards regionally close stocks (local bias). We hypothesize that individual investors’ local bias is not limited to the domestic sphere but instead also determines their international investment...

Persistent link: https://www.econbiz.de/10009740268

A network analysis of the evolution of the German interbank market

Roukny, Tarik; Georg, Co-Pierre; Battiston, Stefano - 2014

-the-counter markets for liquidity in Germany: the interbank market for credit and for derivatives. We use end-of-quarter data from the …

Persistent link: https://www.econbiz.de/10010405454

Existenzgründerpotentiale unter Arbeitsuchenden : empirische Evidenz auf der Basis des Mikrozensus

Pfeiffer, Friedhelm - 1999

In April 1995, 5.3 million people in Germany were on the lookout for a new job opportunity. 177,000 or nearly 3% of … selfemployment in lieu of wage work are investigated separately for East and West Germany. Using the 70 %-ZEW-sample of the … factors like age, sex and education, on the status in the labour market. In 1991 in East Germany the probability of aspiring …

Persistent link: https://www.econbiz.de/10013428187

Höheres Beschäftigungswachstum durch Venture Capital?

Engel, Dirk - 2001

1998 in Germany. The number of venture-backed firms is based on the identification of involvements of venture capitalists …

Persistent link: https://www.econbiz.de/10013428417

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