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An economic approach to Jewish law : the case of accident law
Rosenberg, Jacob; Weiss, Avi - 1996
Persistent link: https://www.econbiz.de/10000958030
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Growth and exit of West German firms : an empirical investigation on the impact of liability statutes
Harhoff, Dietmar; Stahl, Konrad; Woywode, Michael J. - 1995
details of liability regulation and taxation rules which German entrepreneurs face when choosing a particular legal form for … as forced liquidation. Firms under limited liability are characterized by higher growth and higher insolvency rates than … comparable firm under full liability. We also confirm the previously found negative relationship between employment growth and …
Persistent link: https://www.econbiz.de/10011622932
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Product liability and reasonable product use
Baumann, Florian; Rasch, Alexander - 2020
expected harm. We find that, even with customers being perfectly informed about product variants' safety, product liability can … discrimination. In this context, strict liability has to be accompanied by a defense of product misuse, but reasonable use of the …
Persistent link: https://www.econbiz.de/10012319111
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Growth and exit of West German firms : an empirical investigation on the impact of liability statutes
Harhoff, Dietmar - 1995
Persistent link: https://www.econbiz.de/10014459913
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The choice of institutions to solve cooperation problems : a survey of experimental research
Dannenberg, Astrid; Gallier, Carlo - 2019
A growing experimental literature studies the endogenous choice of institutions to solve cooperation problems arising in prisoners' dilemmas, public goods games, and common pool resource games. Participants in these experiments have the opportunity to influence the rules of the game before they...
Persistent link: https://www.econbiz.de/10012010646
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Capital regulation, liquidity requirements and taxation in a dynamic model of banking
De Nicolò, Gianni; Gamba, Andrea; Luccetta, Marcella - 2012
This paper studies the impact of bank regulation and taxation in a dynamic model where banks are exposed to credit and liquidity risk and can resolve financial distress in three costly forms: bond issuance, equity issuance or fire sales. We find an inverted U–shaped relationship between...
Persistent link: https://www.econbiz.de/10009528883
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Credit risk stress testing and copulas : is the Gaussian copula better than its reputation?
Koziol, Philipp; Schell, Carmen; Eckhardt, Michael - 2015
In the last decade, stress tests have become indispensable in bank risk management which has led to significantly increased requirements for stress tests for banks and regulators. Although the complexity of stress testing frameworks has been enhanced considerably over the course of the last few...
Persistent link: https://www.econbiz.de/10011419593
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Evaluation of minimum capital requirements for bank loans to SMEs
Düllmann, Klaus; Koziol, Philipp - 2013
Our paper addresses firm size as a driver of systematic credit risk in loans to small and medium enterprises (SMEs). Key contributions are the use of a unique data set of SME lending by over 400 German banks and relating systematic risk to the size dependence of regulatory capital requirements....
Persistent link: https://www.econbiz.de/10009751062
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Calibration alternatives to logistic regression and their potential for transferring the dispersion of discriminatory power into uncertainties of probabilities of default
Wosnitza, Jan Henrik - 2022
The transformation of credit scores into probabilities of default plays an important role in credit risk estimation. The linear logistic regression has developed into a standard calibration approach in the banking sector. With the advent of machine learning techniques in the discriminatory phase...
Persistent link: https://www.econbiz.de/10012876151
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Identifying empty creditors with a shock and micro-data
Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2021
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors" as hedged creditors have less incentive to participate in firm restructuring. We test for the existence of empty creditors by employing an exogenous change to the bankruptcy code in Germany that effectively...
Persistent link: https://www.econbiz.de/10012697959