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This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...
Persistent link: https://www.econbiz.de/10013428411
gender equality is aligned with shareholder interests. This positive effect is not explained by increased risk-taking or …
Persistent link: https://www.econbiz.de/10012438240
lasting retail-orientation is likely to be linked to their exposure to the risk of strategic investor behavior at times of …
Persistent link: https://www.econbiz.de/10010202775
managerial abilities of executives based on either ROA or risk-return effciency of their previous employers. Our results show …. The performance differentials are highly pronounced in high-risk banks and in the post-crisis period. …
Persistent link: https://www.econbiz.de/10011722661
Increasing the participation of women in top-level corporate boards is high on the agenda of policymakers. Yet, we know little about director appointment dynamics and the drivers and impediments of women appointments. This study builds on organizational and group-level behavior theories and...
Persistent link: https://www.econbiz.de/10014232704
After the end of communism enterprises in Central and Eastern Europe (CEE) were marked by low levels of labor productivity, mainly because of too high employment levels. According to economic theory, the corporate capital structure can be an important element in the restructuring process. But...
Persistent link: https://www.econbiz.de/10013428317
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
shocks affecting banks’ capital, liquidity and credit quality as well as revised banklevel risk perceptions. Relationship …
Persistent link: https://www.econbiz.de/10011414244
studies conducted in 11 countries to explore liquidity risk transmission. Among the main results is, first, that explanatory … power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …
Persistent link: https://www.econbiz.de/10010393856
The current paper broadens the understanding for the role of uncertainty in the context of a macroeconomic environment. It focuses on the implications of uncertainty shocks on indicators that tend to precede financial crises. In an empirical analysis we show for a set of four euro area countries...
Persistent link: https://www.econbiz.de/10012102657