This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....

Die Arbeitserlaubnis ist das wichtigste Instrument zur Kontrolle des Arbeitsmarktzugangs von ausländischen Immigranten. Die Erteilung einer allgemeinen Arbeitserlaubnis wird - unter Beachtung des Anwerbestopps - normalerweise nur dann vorgenommen, wenn kein Deutscher oder gleichberechtigter...

A bank's decision on loan supply and capital structure determines its immediate bankruptcy risk as well as the future availability of internal funds. These internal funds in turn determine a bank's future costs of external finance and future vulnerability to bankruptcy risks. We study these...