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Do all new brooms sweep clean? : evidence for outside bank appointments

Kick, Thomas; Nehring, Inge; Schertler, Andrea - 2017

Banks in bad financial shape are more likely to appoint executive directors from the outside than those in good shape. It is, however, not clear whether all of these appointments necessarily lead to the desired turnaround. We analyze the performance effects of new board members with external...

Persistent link: https://www.econbiz.de/10011722661

Übernahmen durch Private Equity im deutschen Gesundheitssektor : eine Zwischenbilanz für die Jahre 2013 bis 2018

Scheuplein, Christoph; Evans, Michaela; Merkel, Sebastian - 2019

Der Beitrag untersucht die Übernahmen von Unternehmen im deutschen Gesundheitssektor durch Private Equity-Gesellschaften. Hierzu wurden Transaktionsdaten aus verschiedenen Datenquellen für die Jahre 2013 bis zum ersten Halbjahr 2018 ausgewertet. Für diesen Zeitraum konnten rund 130...

Persistent link: https://www.econbiz.de/10011970843

Bank mergers in the financial crisis : a competition policy perspective

Hellwig, Michael; Laser, Falk Hendrik - 2019

We analyze a large merger in the Dutch banking market during the financial crisis using disaggregated data. Based on a merger simulation model, we evaluate merger-induced changes in the interest rates for savings accounts. We find that the merging banks decreased interest rates by 3 to 5 percent...

Persistent link: https://www.econbiz.de/10012118754

The impact of German public support transfers on firm finance : evidence from the Covid-19 crisis

Gärtner, Leo; Marek, Philipp - 2022

The economic policy response to COVID-19 lockdowns included a variety of measures. Their effects on non-financial firms, however, remain unclear. To shed light on the effect of transfers, we investigate the effect of German emergency aid transfers (November-December aid), a program designed for...

Persistent link: https://www.econbiz.de/10013205580

Committing to grow : privatizations and firm dynamics in East Germany

Akcigit, Ufuk; Alp, Harun; Diegmann, André; … - 2023

This paper investigates a unique policy designed to maintain employment during the privatization of East German firms … after the fall of the Iron Curtain. The policy required new owners of the firms to commit to employment targets, with … penalties for non-compliance. Using a dynamic model, we highlight three channels through which employment targets impact firms …

Persistent link: https://www.econbiz.de/10014384451

Behrens, Vanessa; Trunschke, Markus - 2020

In this paper we explore the relationship between innovative firms that patent technology related to Industry 4.0 and their economic performance. By applying the new patent cartography developed by the EPO that identifies firm's 4.0 patents, this is one of the first large-scale, systematic...

Persistent link: https://www.econbiz.de/10012319109

Internal digitalization and tax-efficient decision making

Klein, Daniel; Ludwig, Christopher; Nicolay, Katharina - 2020

Our study investigates firms' internal digitalizationas a crucial foundation for timely, data-driven decision making. We evaluate the association between digital infrastructure and improved decision making intax planning decisions to analyze if the benefits of digitalization expand beyond firms'...

Persistent link: https://www.econbiz.de/10012299379

Do politicians affect firm outcomes? : evidence from connections to the German Federal Parliament

Diegmann, André; Pohlan, Laura; Weber, Andrea - 2024

election lists. Our results reveal that connections lead to reductions in firm exits, gradual increases in employment growth …

Persistent link: https://www.econbiz.de/10014566803

Is proprietary trading detrimental to retail investors?

Fecht, Falko; Hackethal, Andreas; Karabulut, Yigitcan - 2013

We study a conflict of interest faced by universal banks that conduct proprietary trading alongside their retail banking services. Our dataset contains the stock holdings of each and every German bank and of their corresponding retail clients. We investigate (i) whether banks deliberately push...

Persistent link: https://www.econbiz.de/10010202878

Control transfers in corporate Germany : their frequency, causes and consequences

Köke, F. Jens - 2000

This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...

Persistent link: https://www.econbiz.de/10013428382