Showing 1 - 10 of 547
This paper provides evidence of deliberate private-information disclosure within banks’ international business networks …. Using supervisory trade-level data, we show that banks with closer ties to a target advisor in a takeover buy more stocks of … find such effects for bank connections to acquirer advisors or for trades in acquirer stocks. Target advisors benefit from …
Persistent link: https://www.econbiz.de/10013336388
Despite the ongoing consolidation trend in the banking industry and the attention some mergers (in particular between … assumptions, e.g. connectivity, contagion channel and the merger process, on different static and dynamic stability measures. We … systems. Our main finding is that merger activities can stabilize or destabilize the modelled financial network, depending on …
Persistent link: https://www.econbiz.de/10014435357
Mergers & acquisitions (M&A) are most popular external growth strategies. While the number of M&A has been increasing during the past decades, on average, only the shareholders of target firms gain value during the acquisitions process, while acquirers do not receive abnormal positive returns....
Persistent link: https://www.econbiz.de/10009405099
-level data on the international activities of all German banks with publicly available bank micro data from possible destination … are more likely to enter foreign markets by means of foreign direct investment. We combine detailed proprietary bank …
Persistent link: https://www.econbiz.de/10010248946
variation from an international trade theory perspective. In the model, banking across borders arises from differences in factor … differential effects of capital account and banking sector liberalization on banks’ foreign positions and international capital …-sectional predictions. -- Cross-border banking ; international capital flows ; trade in banking services …
Persistent link: https://www.econbiz.de/10009740267
We study the effects of financial sanctions on cross-border credit supply. Using a differences-in-differences approach to analyze eleven sanctions episodes between 2002 and 2015, we find that banks located in Germany reduce their positions in countries with sanctioned entities by 38%. The...
Persistent link: https://www.econbiz.de/10012230708
results suggest that banks’ shadow costs of capital are important for the international propagation of shocks through FX …
Persistent link: https://www.econbiz.de/10011916907
Persistent link: https://www.econbiz.de/10011927474
We study the effects of financial sanctions on cross-border credit supply. Using a differences-in-differences approach to analyze eleven sanctions episodes between 2002 and 2015, we find that banks located in Germany reduce their positions in countries with sanctioned entities by 38%. The...
Persistent link: https://www.econbiz.de/10011938062
We exploit proprietary information on severed correspondent banking relationships (due to the stricter enforcement of … emerging Europe, we show that when local respondent banks lose access to correspondent banking services, their corporate … enables firms in less-developed countries to export to richer parts of the world. …
Persistent link: https://www.econbiz.de/10014472294