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Persistent link: https://www.econbiz.de/10003518841
This study investigates the development of income-decreasing discretionary expenses surrounding CEO turnovers at banks. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks over the period 1993-2012, we document that (1) incoming...
Persistent link: https://www.econbiz.de/10010249661
the past. More recently, the weak performance of incurred loss models in the financial crisis has given rise to a new …
Persistent link: https://www.econbiz.de/10010465580
In this paper it is tested which of the various alternative approaches for constructing knowledge spillover pools suggested in existing literature measures the extent to which a firm can costlessly receive external knowlegde best. Since knowledge spillovers are unmeasurable, a 'goodness of fit'...
Persistent link: https://www.econbiz.de/10013428289
informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this …
Persistent link: https://www.econbiz.de/10011340265
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startup characteristics to forecast the performance of newly started enterprises over a five years' time horizon. The … performance outcomes we consider are involuntary exit, above{average employment growth, a return on assets of above 20 percent … predict startup performance with either high or very high accuracy with the exception of high returns on assets where …
Persistent link: https://www.econbiz.de/10012195608
of instrumental information exist, studying information structures on performance pay. Second, information avoiders …
Persistent link: https://www.econbiz.de/10011751477
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This paper analyses theperformance ofmaturity transformation strategiesduring a period of high and low interest rates. Based on German government bond yieldsfrom September 1972 to May 2019,we construct a rolling window of bond ladders where long-term assets are financed by short-term...
Persistent link: https://www.econbiz.de/10012313784