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Voluntary environmental management programs for firms have become an increasingly popular instrument of environmental policy. However, the literature’s conclusion on the effectiveness of such programs is ambiguous, and for the European region there is a lack of evidence based on a large...
Persistent link: https://www.econbiz.de/10011973304
A trend towards softer regulation, especially in the form of negotiated environmental agreements, is observable in … agreements in Germany. Topical German examples that have prompted public debates include the takeback agreement for cars, the … the Federal Government in Germany, seems to be counterproductive. If the government clearly signals its willingness to …
Persistent link: https://www.econbiz.de/10011622950
Persistent link: https://www.econbiz.de/10013428092
mitigation. We conducted a framed-field experiment among a Germany-wide sample to provide a revealed preference study on the …
Persistent link: https://www.econbiz.de/10012671884
Persistent link: https://www.econbiz.de/10013428580
This paper explores the extent to which interest risk exposure is priced in bank margins. Our contribution to the literature is twofold: First, we present an extended model of Ho and Saunders (1981) that explicitly captures interest rate risk and returns from maturity transformation. Banks price...
Persistent link: https://www.econbiz.de/10009572494
This paper provides evidence for regulatory arbitrage within the class of assetbacked securities (ABS) based on individual asset holding data of German banks. I find that those banks operating with tight regulatory constraints pick the securities with the highest yield and lowest collateral...
Persistent link: https://www.econbiz.de/10011391709
This paper empirically investigates the effect of interbank relationship lending on banks’ access to liquidity. Our analysis is based on German interbank payment data which we use to create a panel of unsecured overnight loans between 1079 distinct borrower-lender pairs. The data shows that...
Persistent link: https://www.econbiz.de/10009625566
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
-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